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Monday, July 09, 2007

Closer Look

 Closer Look

Who's Running?

Some notable names in the field of potential presidential candidates.


Officially Announced
Established Exploratory Committees Back to top

Republicans
Widely Mentioned Back to top
Democrats
Retired NATO commander; from Arkansas
Former vice president; from Tennessee
Minister and activist; from New York
Republicans
Former House speaker from Georgia
Senator from Nebraska
Actor and former senator from Tennessee
Independents
Officially Not Running Back to top
Democrats
Senator from Indiana
Senator from Wisconsin
Former governor of Virginia
Republicans
Senator from Tennessee

Tips

To find reference information about the words used in this article, double-click on any word, phrase or name. A new window will open with a dictionary definition or encyclopedia entry.
Saludos
Rodrigo González Fernández
www.consultajuridicachile.blogspot.com
www.lobbyingchile.blogspot.com
Renato Sánchez 3586
telefono: 5839786
santiago-chile
 
Escribanos, consultenos, opine

Legal Blog Watch

Legal Blog Watch

$1M in Business Won't Get You a Place at a Law Firm

The lateral road to equity partnership has gotten rockier in recent years, according to this LA Business Journal article, Sorry Partner, Not For Just a Million (7/9/07). According to the article, Los Angeles lawyers with one million in portable business can no longer expect to snag an equity partnership at top-tier firms, which these days are demanding at least $1.5 million in portable business and would prefer $2 million. The article explains that a firm generating $1 million in profits per partner likely has a book of business average of at least $2.5 million. So to bring in a partner with less than that amount of business would dilute existing partners' profits. 

So what are the options for a $1 million partner who wants to change firms? Many migrate to regional firms where $1 million is still significant. Others can take "of counsel" or nonequity positions at other firms. And of course, another option that isn't discussed is that lawyers with that amount of business can open up their own shop. 

What the article doesn't discuss is how the $2 million portable requirement affects associates. Are there midlevel associates who are generating that much in portable business (after all, it seems as if partners have even more incentive to hang on to all client matters to retain their equity statuts)? But if midlevel associates don't have a $2 million book of business, do they have a chance of ever moving to another firm? 

Posted by Carolyn Elefant on July 9, 2007 at 02:08 PM | Permalink | Comments (0)

Saludos
Rodrigo González Fernández
www.consultajuridicachile.blogspot.com
www.lobbyingchile.blogspot.com
Renato Sánchez 3586
telefono: 5839786
santiago-chile
 
Escribanos, consultenos, opine

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Saludos
Rodrigo González Fernández
www.consultajuridicachile.blogspot.com
www.lobbyingchile.blogspot.com
Renato Sánchez 3586
telefono: 5839786
santiago-chile
 
Escribanos, consultenos, opine

Minister of Finance


Minister of Finance dismisses any political pressure in connection with Superintendency of Securities and Insurance pronouncement

The minister of finance, on commenting on the sanctions applied today by the Superintendency of Securities and Insurance to company directors infringing the Securities Market Law, stated that all the decisions made by this supervisory entity are based on technical grounds.

See complete note
 
Saludos
Rodrigo González Fernández
www.consultajuridicachile.blogspot.com
www.lobbyingchile.blogspot.com
Renato Sánchez 3586
telefono: 5839786
santiago-chile
 
Escribanos, consultenos, opine

Minister of Finance disregards a "sudden halt" of the economy and reafirms solid growth trend

 
Minister of Finance disregards a "sudden halt" of the economy and reafirms solid growth trend

The minister of finance called not to "overinterpret" monthly figures and asked to focus on longer periods to draw conclusions on the course of our economy. He sustained that economic expansion during 2007's first five months amounts to 5.8%, which is exactly the government's projection for this year.

See complete note
Saludos
Rodrigo González Fernández
www.consultajuridicachile.blogspot.com
www.lobbyingchile.blogspot.com
Renato Sánchez 3586
telefono: 5839786
santiago-chile
 
Escribanos, consultenos, opine