Usher, Jerome Bettis, Angie Stone and Doug E. Fresh to join Ford Flexibility Award Event Commemorating Male of Nerve

Posted by on May 21, 2016 in LAW | 0 comments

Ford Motor Company, in partnership with the Charles H. Wright Museum of African American History, will celebrate the favorable contributions of African American males at the 18th yearly Ford Freedom Award program.

This year’s style Men of Courage: Advancing the Narrative of African American Men will commemorate accomplishments of the past, present and future, while highlighting choose African American guys for their varied, complex and worthy stories. The program acknowledges the empowering effect of these guys on their households and neighborhoods, along with their servant leadership, professional quality and personal nerve.

The Ford Freedom Award event occurs May 17, 6-9 p.m., at Max M. & Marjorie S. Fisher Music Center (DSO Orchestra Hall) in Detroit. Tickets are $50 per person. A limited number of platinum VIP reception tickets that include champagne and a red carpeting experience are readily available for $150. To purchase tickets or for added occasion details, call the music center ticket office, 313.576.5111, or check out www.fordfreedomaward.com.

Ford is happy to sign up with the Wright Museum in saluting the favorable contributions of African American guys, stated ZiadOjakli, group vice president, government and neighborhood relations, Ford Motor Company. Their leadership through family, company and philanthropy has actually been felt throughout American communities. They are true unrecognized heroes, and we are happy to honor such a varied and achieved group of men this year.

The Ford Freedom Award honoree is a distinguished African American who committed his or her life to enhancing the African American community and the world at big. This year’s recipient is the late Reginald F. Lewis, a company magnate, Wall Street legal representative and philanthropist renowned for his character, generosity and company acumen.

This year’s Ford Freedom Award scholar is Dave Bing, founder and chairman, Bing Youth Institute, an NBA Hall of Famer and the 62nd mayor of Detroit. The scholar acts as a living tradition, bring forth the perfects of the honoree and enhancing those achievements for a brand-new generation.

In addition, Ford will provide the inaugural Ford Courage Awards honoring three bold individuals in the locations of family, community and sports. The newly included People’s Choice Ford Courage Award will exist to Shaka Senghor, criminal justice reform supporter, TED Talks speaker and New York Times very popular author. Senghor was chosen by means of an online nomination video contest established in part through the Men of Courage job.

Other Ford Courage Award honorees anticipated to be on hand include Kerlin Blaise, previous NFL player and effective business owner, president and owner of Blaze Contracting; and Jonathan Butler, University of Missouri college student activist and hunger striker. Grammy-nominated artist Angie Stone, hip jump icon Doug E. Fresh, season 3 candidate, The Voice, singer-songwriter and dancer Avery Wilson and famed tap-dancers Syncopated Ladies will perform.

Usher Raymond IV, Grammy award-winning artist and activist, and Jerome Bettis, Detroit native, NFL Hall of Famer and football expert, will also both attend the occasion and participate as presenters.

The Ford Freedom Award provides the Charles H. Wright Museum of African American History a distinct platform to pay tribute to some of America s greatest influencers, said Juanita Moore, president and CEO, The Wright Museum. Honoree Reginald Lewis, who was unquestionably affected by African American trendsetters that came prior to him, comprehended the essential significance of African American history in inspiring others to blaze their own tracks.

Ford Motor Company s assistance of the African American community dates back to the early 20th century when it was the largest employer of African Americans in the automobile industry. Now, Ford is building on that support with trademark initiatives that include Ford Freedom Unsung, Ford Blue Oval Scholars and Historically Black Colleges and Universities Community Challenge.

The Ford Freedom Award program is enabled by a grant from Ford Motor Company Fund, the charitable arm of Ford Motor Company. Profits from the Ford Freedom Award occasion will benefit the Charles H. Wright Museum of African American History, which is observing its 51st anniversary.

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Pretty soon there’s going to be investment banking for law firms

Posted by on May 21, 2016 in LAW | 0 comments

You can’t invest in American law office yet. It’s only a matter of time.

You might expect there would be no common class of big, highly rewarding businesses that has actually failed to tap their receivables for capital. Consider the American law firm and its strange partnership-based capital structure.

Every state in the US prohibits outside investment in law office by obstructing attorneys from sharing revenues with non-lawyers. These completely well-intentioned rules aren’t likely to be relaxed anytime soon. Proposals to allow outside ownership have up until now been dismissed by the American Bar Association.

However in time, this ownership model is wearing down. In several places around the world, you can already see the fractures, and something new emerging through them. The United Kingdom has permitted outside investment in law firms since 2012. Australia saw its very first law-firm public offering in 2007. And it currently occurs in Washington, DC, where non-lawyers are partners in lots of law office that concentrate on lobbying work.

At the same time, the partnership capital structure does US law firms a disservice when it focuses their interest on the short term, as it does far more acutely than at other privately held companies. Exacerbating the situation, US law firms revenues are taxed prior to they are distributed to partners, creating another disincentive for reinvesting post-tax dollars back into the firm.

On the other hand, customers are pressing firms to be more efficient often code for lower your rates and have shown no reluctance about taking their company to lower-cost companies. In the purchasers market of legal services, if law firms stay concentrated on pulling out earnings in the short-term, they’re far most likely to take part in a race to the bottom.

No other market runs by doing this, including other professional services. Experts and consultants of all sorts offer high-end company services utilizing traditional capital structures with conventional equity (and with no inherent ethical problems, I may include). There s no reason law firms couldn’t do.

Fortunately: there are numerous indications that the old law-firm ownership design is breaking down. Most of the big firms have counted on professional managers, setting up CEOs or other MBA-trained policeman’s to assist them run more efficiently. Numerous also utilize financial professionals, often to help lawyers analyze cases so they can more specifically price their services and manage their risk.

And law companies are starting to get more sophisticated in their use of financial instruments. Burford Capital, which I co-founded in 2009, provides lawsuits funding to clients and law firms.

Financing a portfolio of income-generating possessions is various from raising cash by offering equity in the firm. The two might be considered cousins, and they both represent a level of financial development that we’d never ever seen in law companies until the past couple of years.

As American firms progressively embrace tools like litigation finance, and as they see their abroad brethren raising large amounts at lower costs of capital, I think they’ll likewise be more likely to start coming around on the concern of outdoors investment and ownership.

And if that happens, it will enable firms to take a longer view that will result in much better customer service and better lawyer. And it will permit American capital to participate and even more among our economy’s most profitable sectors.

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Small law firms want to bring in middle class by offering flat rates

Posted by on May 21, 2016 in LAW | 0 comments

For middle-income people and families, the Internet has actually made it much easier to discover a legal representative for family or estate planning. For the small companies that offer these services, the Internet has actually produced a more competitive market.

 

While firms can use their own sites and search engine optimization to their advantage, potential clients are also better geared up to find the very best deal. And services such as LegalZoom and Rocket Lawyer can take business from regional general practitioners.

 

Law firm marketing specialist Micah Buchdahl said if he were a solo specialist or small basic practice, he might be concerned.

 

It’s a lot more crowded playing field, Mr. Buchdahl stated. The question is if you reside in Blue Bell, are you going to go out there and search for an attorney in Blue Bell or are you just searching for the most affordable cost choice?

 

Some attorneys see adequate chance in serving middle-class customers.

 

Philadelphia firm Freiwald Law focuses mostly on how to market legal services and litigation, and much of its work is done on a contingency fee basis. Over time, managing partner Aaron Freiwald stated he noticed that some customers could have utilized help on transactional problems long before they came to him.

 

People at the most affordable end of the earnings scale can typically get assist on legal concerns free of charge, he said, and high-income households can quickly pay a lawyer at an hourly rate. In the middle, he said, there was a substantial, underserved population.

Earlier this year, Freiwald Law kicked off a program that provides estate planning, healthcare preparation and elder care planning services at flat rates. It’s called Community Legal Advisors.

 

Mr. Freiwald’s firm is not the very first to do this. He says, it appears unique for a true lawsuits firm to expand into flat-rate estate and care preparation.

 

Once were assisting someone with a will, we’re going to be that family s lawyer, so I think this is likewise a way that other practice areas [can grow] too, Mr. Freiwald said.

 

Larry Lefkowitz, a solo practitioner based in Bucks County, has actually been generating household law and estate planning customers with flat rates for 25 years. Like Mr. Freiwald, he releases those rates on his firm’s website.

 

Typically, individuals want to get the services and they wish to pay an affordable quantity, but they just can’t find any person, he said.

 

Mr. Lefkowitz stated he spends the most time and introduces the most revenue with household law matters. If a matter requires a special movement or petition, he will charge an extra quantity aside from the flat cost, but he goes over that with the customer initially.

 

Making catalog easily available can help firms to compete with other services that market to middle-income customers, Mr. Buchdahl said.

 

Mr. Lefkowitz said he has actually dealt with getting the best attention from online searches. While his rates are budget friendly, he stated, he doesn’t desire his services to come across as cheap.

 

Karen L. Hackman, handling member of RHP Law Group in central Pennsylvania, said her firm charges flat rates for estate preparation services.

 

For 15 years, Ms. Hackman said, her firm has actually held retail workshops for possible clients. All workshop individuals get a

totally free preparation session and get a rate quote at the end of that conference. About 90 percent of individuals come in for a meeting, and 75 percent convert to paying customers.

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