10-Q Summer/New Job Advice – Summer 2023 Update [PART 2]

June 26, 2023
This is the second of two lists of “do’s and “don’ts” for those newly entering a legal practice environment—or those who employ them. Part 1 covered some tips about the work. As we view COVID through the rear-view mirror (we hope), we are reminded that law is usually practiced with other people, and so you need to be mindful of various social issues that may crop up.

SEC Adopts Executive Compensation ‘Clawback’ Rules

June 22, 2023
John Grugan (LAW ’98) and Kathryn Boyle (LAW ’21) of Ballard Spahr co-authored an article with David Axelrod discussing the SEC’s adoption of new rules requiring publicly traded companies to “claw back” incentive-based executive compensation based on materially misreported financials regardless of whether the restatement was caused by misconduct.

What Trademark Holders Should Know About Russia’s Authorization of Parallel Imports

June 14, 2023
David Perry and Fatema Ghasletwala discuss Russian government-issued regulations authorizing importation into Russia of specified luxury items without the consent of the relevant trademark owners, and the risks that these regulations pose to the trademark holders.

10-Q Summer/New Job Advice – Summer 2023 Update [PART 1]

June 7, 2023
For the last several years, at the end of the school year, the editors of The 10-Q have offered tips for those starting new jobs (here and here), chiefly for rising 3Ls taking summer jobs but, we believe, good for anyone embarking on a new career as a lawyer. Times have changed—we’ve lived through COVID —but the need for sage advice has not. Thus, we present an updated version of our random advice for those who are about to be employed, in two parts. This week, we talk about the work; next week, we will talk about socializing.

Best Practices for Emerging Brands: How to Avoid Missteps

May 30, 2023
Emerging brands face many choices and obstacles as they get up and running, but making the right choices can ensure smoother growth and dispute resolution. Craig Tractenberg suggests that emerging brands choose LLC formation for its flexibility in capital rights, structure, and tax treatment. Regardless, the legal structure needs to address investors’ needs for returns and a voice in the company as well as allow for growth. Emerging brands should also be sure to shop for money carefully, as SBA financing, crowdfunding, and traditional bank financing all have their own pros and cons. Lastly, to avoid unnecessary disputes, they should get in the habit of documenting everything and relying on the right professionals—whether accountants or lawyers—who can save them money (and sanity).