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January 31, 2013
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Legal News in Brief

  Corporate Spotlight 
 
  • Lobbying, slow recovery stall global financial reform
    Regulators have made changes to the global financial system in recent years, but they have not yet realized the goal of a complete program that would protect against another global shock -- a goal prompted by the financial crisis and the failure of Lehman Brothers. Olivier Blanchard, chief economist for the International Monetary Fund, says completing the task will require "many years." The reform effort has faced a stagnant economy as well as resistance from industry lobbyists, according to this analysis. The Washington Post (1/29) LinkedInFacebookTwitterEmail this Story
  • Commentary: SEC must get tougher
    Columnist David Weidner writes that it is time for the Securities and Exchange Commission to toughen up. While some argue that the SEC improved under Mary Schapiro's chairmanship, a couple of new developments could prove helpful, Weidner writes. Recently introduced legislation would strengthen the regulator's abilities to levy stiff penalties. "The second development is nomination of former federal prosecutor Mary Jo White as SEC chairman," Weidner writes. "The choice of Ms. White is a significant departure from a series of chairmen that have been political payoffs, lifelong bureaucrats or industry participants." The Wall Street Journal (1/30) LinkedInFacebookTwitterEmail this Story
From Baby Boomer to Millennial
Michael Parrish Dudell, bestselling author and one of nation's leading Millennial voices, explains why now, more than ever, is the time for businesses to anticipate the rapidly evolving expectations of the new workforce or face the very real threat of irrelevance. Read the brief to get the facts on the huge impact Millennials will and are making in the workplace.
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  National News 
  Legislative Dispatch 
  • Financial leaders are open to voluntary cybersecurity standards
    Financial industry executives are among CEOs who support voluntary adoption of cybersecurity standards, according to a survey by Sen. Jay Rockefeller, D-W.Va. He is using the survey to point out a difference of opinion between executives and the U.S. Chamber of Commerce, which worked last year to defeat a bill on voluntary cybersecurity standards. The Wall Street Journal (1/30) LinkedInFacebookTwitterEmail this Story
  Employment Focus 
  • Savers are lukewarm on chance to turn 401(k)s into Roth accounts
    Congress has given retirement savers a chance to turn their 401(k) retirement plans into Roth savings accounts, but few people are making use of that opportunity. Some in the industry say most employers and workers simply aren't aware of the option, which lets employees save after-tax dollars in accounts that aren't subsequently subject to taxation. MarketWatch/Encore blog (1/29) LinkedInFacebookTwitterEmail this Story
 
  • Other News
  Supreme Court and Federal Court Watch 
  Other Legal News 
  • Large law firms showed strength in 2012
    Big law firms had a relatively strong year in 2012, experiencing a 5% uptick in gross revenues and a 6% increase in net income compared with the year before, according to a Wells Fargo survey. Still, it's not time to start celebrating just yet. This year will be "under the same pressure as 2012," said the national managing director of the bank's Legal Specialty Group. The Wall Street Journal/Law Blog (1/28) LinkedInFacebookTwitterEmail this Story
  Professional and Business Development 
  • Should you contribute at meetings if you're new?
    Don't feel guilty about not speaking up at meetings during your first few weeks at a job, Alison Green writes. Simply listening and taking it all in "is very normal at the stage you're in, and I promise you that your coworkers almost certainly don't think anything of it," she writes. You might, however, want to approach your boss afterward with a few specific questions about things you didn't understand. Ask A Manager blog (1/29) LinkedInFacebookTwitterEmail this Story
  PLI News 
  • Get Your Year-End Updates Here!
    Each January at the Securities Law Practice Center, we look forward to receiving Gibson Dunn's year-end updates that cover a variety of hot topics. Recently we featured three related updates on securities enforcement, corporate deferred-prosecution and non-prosecution agreements, and Foreign Corrupt Practices Act enforcement -- three areas which made headline news in 2012. LinkedInFacebookTwitterEmail this Story
  • The Post-Netflix Investigation Landscape
    The continued surge in the number of people using social media and the many different types of information outlets available for use has put significant pressure on companies' ability to comply with the Securities and Exchange Commission Regulation Fair Disclosure's requirements and restrictions. The Feb. 1 audio briefing Regulation FD and Social Media in the Wake of the Netflix Investigation: Facebook, Blogging and Beyond will tell you what you need to know about Regulation FD. LinkedInFacebookTwitterEmail this Story
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Any workout which does not involve a certain minimum of danger or responsibility does not improve the body -- it just wears it out."
--Norman Mailer,
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