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The flooding of the lower 9th ward of Louisiana and the neighboring St. Bernard Parish was a man made disaster caused by shoddy oversight of the MR-GO navigational channel by the US Army Corps of Engineers, according to a judge in Louisiana. The judge has awarded plaintiffs $720,000 in a decision released late Wednesday night. The full text of the decision can be read here.
The current case will require the army to pay damages to three families and a business and could open the door to other suits from upwards of 100,000 residents who were affected by the flooding. One plaintiff was denied damages in the case because the judge ruled that the flooding of eastern New Orleans was not caused by the way the army handled the MR-GO channel, shutting the door on suits filed by residents in the eastern half of the city.
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Law firms of all sizes are being much more selective about who makes equity partner. Gone are the days where doing good work and putting in your time is enough to get you to a profit sharing level. Today, equity partners almost always have to prove that they can contribute their share to the firm. So what does this mean for associates and how can a two-tiered partnership track be beneficial? With a two-tiered partnership structure, associates get more time to prove themselves and also more time to determine whether partnership is the right goal for them. Two-tier partnerships (non-equity and equity) exist so the firm can train and develop associates into equity partners. The non-equity track to partner at most firms is on average, 6 years long. [...]
May 16, 2013 Read More