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Yes, 'Small Law' Can: Alternative Fee/Value-Based Arrangements at Wolverine World Wide, Inc.
Insights from Ken Grady, General Counsel and Secretary for Wolverine World Wide, Inc.
This CLO Perspectives piece highlights three types of value-based practices Grady is implementing at Wolverine:
• Fixed fees for Securities Portfolio legal work — includes filings and related counseling
• ‘Unbundling’ and fixed fees for retail tenant leasing work in the UK
• Global process redesign for trademark services
Read more of Ken Grady's perspective on the “Alternative Fee/Value-Based Arrangements at Wolvernine World Wide, Inc.” Download here.
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ACC’s Online Career Center, In-house Jobline
In-house Joblinesm is an excellent resource for anyone, anywhere, trying to fill or find an in-house position. ACC’s Jobline is exclusively for in-house counsel positions, and includes dynamic, intuitive menus and easy links to multiple career resources. With over 500 jobs listed and over 7,500 résumés available, In-house Jobline is THE destination for corporate counsel career opportunities.
CLOs searching for in-house lawyers can expect:
• Targeted Exposure – as the only site exclusively for in-house jobs, job postings receive an average of 1,600 views by lawyers seeking corporate positions.
• Applications Sent to You – Employers receive an average of 24 applications per job posting.
• Résumé Searching Access – With a paid job listing, search the database of résumés and proactively contact candidates; use an automatic notification system to receive email when new résumés match your criteria.
• Build Company Awareness Among Qualified Professionals – Along with each job posting, employers can provide information about their company and links to their web site.
• Competitive Pricing – Special member discounts makes a 90-day job posting cost less than an ad on Monster.
Add Jobline to your company’s out-placement service. Job seekers can expect:
• Job Search Control – Job searching is easy and listings are specific to the in-house profession. Lawyers can submit resumes electronically to employers.
• Résumé Posting – Job seekers can choose to make their resume available for FREE to employers while keeping their identities confidential. Participants will receive an email from interested companies so they can decide which companies to contact.
• Automatic Job Notification – Job seekers can save their job search criteria and be notified by email of new listings that match their specifications and can link right to the jobs and apply online.
Don’t miss this opportunity. Visit jobline.acc.com to learn more.
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ACC Value Challenge® – Tips and Actions
NEW Resources and Tools: Find new online resources featuring value practices that firms and law
departments are implementing and practical ‘how-to’ ideas at ACC Value
Challenge Resources. Recent
additions include Cisco’s Approach to Strategic Management of
Technology and Resources to Increase Attorney Productivity and How To
Utilize Metrics.
Action Idea: Open Meetings with the ‘ACC Value Minute’: A reminder to consider opening meetings with your staff, clients and
outside counsel by taking a moment to focus on a concrete practice
you’ve implemented (or that others have implemented) that focuses on
value in the legal service relationship. If you need ideas for the ACC
Value Minute, you can check out the ACC Value Challenge® Weekly Tip
or ACC’s Value Practice resources posted on the ACC Value Challenge®
Resource page.
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ACC Advocacy – We’ve Got You Covered
The constitutionality of the Public Company Accounting Oversight Board
(PCAOB) and the Sarbanes-Oxley Act (Sarbox) which authorizes it are
being examined by the U.S. Supreme Court. In oral arguments presented
on December 7, 2009, a petitioner claimed that the PCAOB’s creation
violates the Separation of Powers clause. The fix could be relatively
easy if the Court agrees, but the problem is that Sarbox does not
contain a severability clause, and so any finding of constitutional
problems and suggested fixes would require Congress to reauthorize the
act. Therefore, the concern is that a bill to reauthorize Sarbox will
likely lead many on Capitol Hill to seek to amend or attach additional
provisions. ACC is closely monitoring the case, and we will provide
updates on the case and what it may mean for in-house law departments
as it becomes available.
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What’s The Buzz About? The ACC Value Index! And We Need Your Contribution
The ACC Value Index has generated a lot of media attention because ACC members are scoring their outside counsel on efficiency, expertise, budget management and results. The more evaluations we receive, the more robust this database will be. What about holding an “Evaluation Luncheon,” as one large company GC did? Or assigning a scoring deadline? Or splitting the list of firms you engage among some go-getters on your team and let them round up the evaluations? Each evaluation only takes a minute or two. To get started, log-in at acc.com/valueindex.
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ACC’s 2010 Annual Meeting: Be the Solution.
October 24-27, 2010 | San Antonio, TX | Henry B. Gonzalez Convention Center
Your legal department will have an opportunity to join the world’s largest
gathering of in-house counsel at ACC’s 2010 Annual Meeting, October
24-27, at the Henry B. Gonzalez Convention Center in San Antonio. This
is the one event where your department can choose from over 100 CLE/CPD programs,
network with their peers and learn about the latest tools and services
specifically for corporate attorneys. Be the solution. Register your department today. The Early Bird rate of $1,200 is available through March 24. Register today at am.acc.com.
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Corporate and Securities Committee Comments on SEC’s Proposed Proxy Disclosure/Solicitation Rules
ACC’s Corporate and Securities Committee (CSL), in a letter filed September 15, 2009 registered concerns over several aspects of the SEC’s proposed Proxy Disclosure and Solicitation Enhancements. CSL argues that the rules as proposed “will add pages to the proxy statements without adding ant real value to shareholders.” For details check here.
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ACC in the News
Learn more about media coverage of ACC when you visit ACC in the News. Read the latest articles about:
• Patricia Hatler and how she balances her roles as ACC Chair and Nationwide EVP and Chief Legal and Governance Officer in “Helping Shape The Voice Of In-House Counsel In 2010 At ACC” (Metropolitan Corporate Counsel).
• Phoenix's managing partner at Arizona's Ryley Carlock &
Applewhite discusses his firm's approach regarding the ACC Value
Challenge (Legal Broadcast Network).
• The new value-focused tool, ACC Value Index in “ACC Rating Index Unnerves Firms” (The Lawyer).
• Law firms and in-house counsel who are using technology to contain costs in “Lawyers Use Web Tools To Control Legal Bills” (Wall Street Journal).
For a complete listing of ACC’s media coverage, visit ACC in the News.
If you have any questions, or wish to receive additional information
about items included in this month's newsletter, please contact Marthea
Davis at 202.293.4103 x363 or via e-mail at davis@acc.com.
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