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All posts by Gregory P. Bufithis, Esq.

M&A 101 : A text book example of a hostile bid

Exelon’s offer for NRG is a textbook example of a hostile bid, and The Deal Professor looks at how this battle is likely to be fought.  Although it has not reached the second request stage, we thought

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Legal outsourcing companies with offices in Mumbai reassure clients — and talk of close calls

From: The National Law Journal (print date December 8, 2008) Companies that outsource legal work to Mumbai, India, have been reassuring their clients that operations have not been disrupted and that what

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New FDIC Rule Averts IOLTA Trouble

From: The National Law Journal, 2 December 2008 The FDIC has announced that, effective immediately, client funds deposited in Interest on Lawyer Trust Accounts — regardless of amount — are

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Is the Versatility of a Law Degree Just a Myth?

The National Law Journal: December 1, 2008 Law schools and placement professionals frequently tout the versatility of a law degree as a path to alternative careers. But even in good economic times, the

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Treasury Rescue Plan Strained by Lack of Staff

From: Wall Street Journal, November 28, 2008 The current Treasury has so far struggled to keep up with the task of hiring enough people to handle the $700 billion financial rescue package passed by Congress

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As the economy tanks, legal outsourcing to India increases

As the ailing U.S. economy prompts companies to cut costs, it also has spawned legal fee cutbacks. Clients pressure law firms they hire to trim fees. That means more routine work like legal research, due

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Larger Foreign Corrupt Practices Act Fines Ahead

From: The National Law Journal, November 25, 2008 The U.S. Securities and Exchange Commission expects in the next two to six months to slap larger penalties than in the past on a number of companies that

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The “Foreign Corrupt Practices Act” Seizes the Spotlight

From: mondaq.com, November 9, 2008 In the fervor of conducting trade globally, U.S. companies may inadvertently expose themselves to risk by having inadequate policies, procedures, and monitoring controls

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A Primer on the Foreign Corrupt Practices Act

For an excellent primer on the Foreign Corrupt Practices Act from the Pennsylvania Litigation Blog  click here.

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India Lures Corporate Outsourcing

From: The National Law Journal, October 15, 2008 While you might expect the production of a button-down shirt to be outsourced to Guadalajara, most lawyers would not expect their caseloads to be shipped

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