Attorneys have an obligation to maintain records of all client communication (as well as many other communications with third parties).[1] We are further often tasked with obtaining communications as part of the discovery process. However, while technology has made communication faster and simpler, it has also created a morass of record keeping.[2] Clients also have … Continued
Third-party litigation lending is booming, but at whose expense? Litigation loans are advance payments to individuals or companies to finance lawsuits in exchange for a portion of the potential legal recovery. Demand for this lending has substantially increased “with no signs of slowing down,” according to Westfleet Advisors, which tracks the industry.1 Moreover, the industry … Continued
Price fixing, bid rigging, and market manipulation are the tactics you might see at the heart of a financial thriller or a case of corporate corruption. A federal investigation to break up a coordinated conspiracy involving all three rocked the oil industry in 2006. The Marine Hose Cartel was an organized criminal enterprise made up … Continued
“An ounce of prevention is worth a pound of cure.” – Benjamin Franklin Americans rely heavily on their retirement savings, and for many, these are the most significant assets right next to their home. According to Investment Company Institute, as of December 2022, there were $33.6 trillion in total U.S. retirement assets. Unfortunately, the division … Continued
The New York State Commission on Legislative, Executive and Judicial Compensation is holding a public hearing in New York City next week. The hearing will be livestreamed on the commission’s website. Commissioners will hear testimony at 10 a.m. Friday Oct. 13 at the New York City Bar Association’s CLE Center on West 44th Street in … Continued
To the Forum: I am an attorney working for one of the federal courts in New York State. When I first began working with the court about a year ago, one of the clerks who handles criminal case intake took me under his wing and guided me through my first year. We became close friends … Continued
In March 2023, bank regulators closed Silicon Valley Bank and Signature Bank and appointed the FDIC as liquidator. Signature Bank in particular provided banking services to many New York law firms and, therefore, held many attorney trust or escrow accounts. While most bank and credit union deposits benefit from federal insurance issued by the Federal … Continued
The report of the association’s Task Force on Advancing Diversity recommends colleges and graduate schools that want to achieve diversity should eliminate the preferential treatment in admissions given to athletes, the children of alumni and the family of donors. The report also recommends moving away from standardized tests and grade point averages and focusing … Continued
In late September, after months of negotiation between state governors and President Joe Biden, the United States will grant temporary deportation relief and access to work permits to Venezuelan migrants already in the country. Nearly half a million migrants who arrived here before July 31 will be eligible for temporary protected status for 18 months. … Continued
Kapil Longani is senior vice chancellor for legal affairs and general counsel for the State University of New York, which is comprised of 64 campuses across New York State. He is a member of the New York State Bar Association Task Force on Advancing Diversity. Longani recently published an essay on the decision by his … Continued