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Journal articles on the topic 'Law firm'

Author: Grafiati

Published: 4 June 2021

Last updated: 1 August 2024

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1

Song, Xiaoxiao. "How Are Foreign Firms Valued in U.S. Markets? Evidence from Firm and Country Characteristics." Accounting and Finance Research 8, no. 4 (October 12, 2019): 101. http://dx.doi.org/10.5430/afr.v8n4p101.

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This paper investigates the determinants of foreign firms’ value in U.S. markets by examining both firm and country characteristics. Prior studies have agreed on foreign firms’ value premium when they cross-list stocks in U.S. exchanges. However, little research has pursued evidence regarding how these foreign firms are valued after the cross-listing. I attempt to answer this question by comparing the determinants of firm value for both foreign cross-listing firms and U.S. domestic firms. The results from regression models show that, although foreign firms share similar firm-level determinants with U.S. firms (firm size, firm leverage, and firm growth), they are on average undervalued by U.S. investors. Furthermore, the home countries’ characteristics, such as the rule of law, play an important role in foreign firms’ market value. In fact, the undervaluation is only observed in foreign firms from the weak rule of law countries, but not from strong rule of law countries. Overall, foreign firms’ market value is determined by both firm-level and country-level characteristics after they cross-list in the U.S. markets.

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2

Aoki, Shuhei, and Makoto Nirei. "Zipf's Law, Pareto's Law, and the Evolution of Top Incomes in the United States." American Economic Journal: Macroeconomics 9, no. 3 (July 1, 2017): 36–71. http://dx.doi.org/10.1257/mac.20150051.

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We construct a tractable neoclassical growth model that generates Pareto's law of income distribution and Zipf's law of the firm size distribution from idiosyncratic, firm-level productivity shocks. Executives and entrepreneurs invest in risk-free assets, as well as their own firms' risky stocks, through which their wealth and income depend on firm-level shocks. By using the model, we evaluate how changes in tax rates can account for the evolution of top incomes in the United States. The model matches the decline in the Pareto exponent of the income distribution and the trend of the top 1 percent income share in recent decades. (JEL D31, H24, L11)

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3

Gottschalk, Petter. "Predictors of it Support for Knowledge Management in the Professions: An Empirical Study of Law Firms in Norway." Journal of Information Technology 15, no. 1 (March 2000): 69–78. http://dx.doi.org/10.1177/026839620001500107.

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Knowledge management is an increasingly important source of competitive advantage for organizations. Knowledge embedded in an organization's business processes and an employee's skills provide a firm with unique capabilities for delivering a product or service to customers. Law firms represent an industry which seems very well suited for knowledge management investigation. Law firms are knowledge intensive and the use of advanced technology may transform these organizations in the future. To examine knowledge management in Norwegian law firms, a study which involved two phases of data collection and analysis was designed. The first phase was a field study of the largest law firm in Norway. The semi-structured interviews conducted in the initial field study documented a strong belief in the potential benefits from knowledge management. The second phase was a survey of Norwegian law firms. Firm culture, firm knowledge and use of information technology were identified as potential predictors of information technology support for knowledge management in law firms in Norway. The extent to which law firms in Norway use information technology to support knowledge management is significantly influenced by the extent firms generally use information technology.

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Root, Veronica. "Retaining Color." University of Michigan Journal of Law Reform, no. 47.3 (2014): 575. http://dx.doi.org/10.36646/mjlr.47.3.retaining.

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It is no secret that large law firms are struggling in their efforts to retain attorneys of color. This is despite two decades of aggressive tracking of demographic rates, mandates from clients to improve demographic diversity, and the implementation of a variety of diversity efforts within large law firms. In part, law firm retention efforts are stymied by the reality that elite, large law firms require some level of attrition to function properly under the predominant business model. This reality, however, does not explain why firms have so much difficulty retaining attorneys of color — in particular black and Hispanic attorneys. And yet, there may be a relatively simple and low-cost set of incentives that law firm management and the legal profession can put in place to encourage black and Hispanic attorneys to remain at large law firms at higher rates. This Article draws on traditional theories of “the firm” and modern day understandings of workplace discrimination and applies them to the retention problem in large law firms. It argues that by incentivizing equity partners in large firms, who are overwhelmingly white males, to instill greater loyalty in black and Hispanic attorneys, firms can solve a large portion of their retention problem. As equity partners invest more time mentoring black and Hispanic attorneys, they will develop a sense of loyalty to the firm that will decrease the speed and frequency that attorneys of color exit the firm. Firms can then begin Retaining Color.

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5

Kay, Fiona M. "Revolving Doors: Social Dimensions of Law Firm Culture and Pathways out of Firms." Law & Social Inquiry 48, no. 4 (November 2023): 1181–209. http://dx.doi.org/10.1017/lsi.2022.95.

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AbstractA growing body of research suggests that contemporary law firms face challenges with the retention of legal talent—especially women and racialized lawyers. Yet, we know little about the conditions that prompt lawyers to leave law firms or where they go after leaving. This article builds on the scholarship of John Hagan, emphasizing the role of social capital in law firm culture, and work by Emmanuel Lazega, tracing dimensions of law firm collegiality—both with implications for lawyers’ careers within and beyond law firms. I draw on data from a twenty-seven-year longitudinal survey of Canadian lawyers. Using piecewise exponential survival models, I examine organizational, cultural, and individual factors that may encourage mobility from law firms. The study reveals a pervasive gender difference that is not explained by human capital, organizational characteristics, or individual traits. Results also demonstrate the importance of social capital and firm culture—specifically, the presence of workplace policies of flexible scheduling, lawyers’ sense of a good match with their firm, their satisfaction with status rewards, and finally, the role of mentors—in shaping the flow of legal talent from law firms to various job destinations.

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6

Fiala, Roman, and Veronika Hedija. "The Relationship Between Firm Size and Firm Growth: The Case of the Czech Republic." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 63, no. 5 (2015): 1639–44. http://dx.doi.org/10.11118/actaun201563051639.

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This paper deals with the investigation of the relationship between firm size and firm in the Czech Republic during 2007–2012. The study aims to examine to what extent the confirmation or rejection of Gibrat’s law depends on the indicator of firm size. For measuring firm size we use three indicators: revenues, number of employees and total assets. The study uses data collected from the database Albertina CZ Gold Edition. Final dataset includes the data about more than 35,000 firms. The validity of Gibrat’s law was tested with the help of linear regression model with first-order autoregressive process. Gibrat’s law is rejected for all three indicators of firm size. Hence, the selected indicator of firm size is not proved to be important factor in verification of Gibrat’s law validity. It is also found out that the small firms in profit industries (A-N according to CZ-NACE classification) grow faster than their larger counterparts in the Czech Republic.

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7

Bentzen, Jan, Erik Strøjer Madsen, and Valdemar Smith. "THE GROWTH OPPORTUNITIES FOR SMC?" Journal of Business Economics and Management 7, no. 3 (September 30, 2006): 139–45. http://dx.doi.org/10.3846/16111699.2006.9636134.

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The extensive empirical literature on the validity of Gibrat's law does not in general verify the law as it finds that firms’ growth rates are negatively correlated with both firm size and age. However, some studies find that Gibrat's law holds for sub‐samples of firms such as large firms or firms belonging to special industries. It has been pointed out that these results are due to the fact that the likelihood of firm survival for natural reasons is positively related to firm size and age. This study uses a relatively large and representative sample of Danish firms to evaluate the validity of Gibrat's law for different kinds of firms over the period 1990 ‐ 2003. In contrast to the majority of earlier studies our analysis corrects for the bias in the estimations by using variables related to the survival of small firms.

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8

Wang, Dan. "Blockchain Technology and Law: Lessons for Law Firms." Business Law Review 42, Issue 2 (April 1, 2021): 75–78. http://dx.doi.org/10.54648/bula2021011.

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The advancement of technology brings tremendous challenges and opportunities to the legal industry. This article will examine the blockchain technology, in particular the decentralized autonomous organization (DAO) and its unique governance features compared with traditional companies. This article also intends to provide recommendations for law firms to prepare for the challenges brought by blockchain technology. Blockchain, challenges, decentralized autonomous organization, DAO, governance, law firm

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9

Davidson, Don. "Law Firm Branch Offices:." Legal Reference Services Quarterly 5, no. 1 (July 11, 1985): 83–90. http://dx.doi.org/10.1300/j113v05n01_04.

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10

Smith, Don. "Securing the law firm." Computer Fraud & Security 2015, no. 4 (April 2015): 5–7. http://dx.doi.org/10.1016/s1361-3723(15)30026-9.

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11

Hicks, Charles. "THE HEALTH LAW FIRM." International Journal of Yoga Therapy 15, no. 1 (January 1, 2005): 1–4. http://dx.doi.org/10.17761/ijyt.15.1.12677646w6326033.

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12

Helgeson, James G., Nancy J. Brown, and George Eddy Birrer. "Marketing a Law Firm." Journal of Professional Services Marketing 5, no. 2 (September 21, 1990): 153–66. http://dx.doi.org/10.1300/j090v05n02_12.

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13

Stevens, Robert E., and David L. Loudon. "Law Firm Client Analysis." Journal of Professional Services Marketing 11, no. 2 (September 25, 1995): 167–76. http://dx.doi.org/10.1300/j090v11n02_12.

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14

Stevens, Robert, and David Loudon. "Law firm client analysis." Services Marketing Quarterly 11, no. 2 (1995): 167–76. http://dx.doi.org/10.1080/15332969.1995.9985167.

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15

Sherer, Peter D. "Leveraging Human Assets in Law Firms: Human Capital Structures and Organizational Capabilities." ILR Review 48, no. 4 (July 1995): 671–91. http://dx.doi.org/10.1177/001979399504800405.

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Partners in a law firm are the source of firm knowledge and hold claims to the firm's residual income; associates work for partners, acquire knowledge, and receive a fixed level of compensation. The author uses the ratio of associates to partners to measure the leveraging of human assets in law firms, which he likens to the leveraging of financial capital in other firms. Analyzing data on 312 large offices of law firms in 1991, he finds that this leverage ratio was related to business strategy, human resource management, and organizational structure. As an index of law firms' human capital structures, it also had important implications for organizational capabilities and firm competitiveness. For example, offices characterized by a rare and tightly controlled human capital structure had the highest billing rates, reflecting their capability of providing clients with services that deeply embody the knowledge of partners.

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16

Permadi, I. Made Hengki. "Pengaturan Mengenai Pendaftaran Pendirian Firma Pada Sistem Administrasi Badan Usaha." Acta Comitas 4, no. 3 (December 31, 2019): 475. http://dx.doi.org/10.24843/ac.2019.v04.i03.p12.

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The process or procedure for establishing a firm is regulated in Article 22 and Article 23 of the Commercial Law Code (hereinafter referred to as KUHD). In this provision, it is stipulated that the firm must be established with an authentic deed and registered with the Registrar of the District Court where the firm was established. The regulations in the KUHD are not in line with the Minister of Law and Human Rights Regulation Number 17 Year 2018 regarding the Registration of the Military Alliance, the Fima Alliance and the Civil Alliance which indicates that the registration of the firm is carried out in the Legal Entity Administration System (hereinafter referred to as SABU). it appears that there is a norm conflict between the two rules. This study aims to determine the arrangements in registering the Firm and the legal consequences of not registering the Firm in the Business Entity Administration System (SABU). This research is a normative legal research. In research using a statutory and conceptual approach. Using primary and secondary legal materials. The results showed that based on the principle of Lex Superiori derogate Legi Inferiori, based on the hierarchy of statutory regulations, the KUHD which is equivalent to the Law is stronger than the Regulation of the Minister of Law and Human Rights Number 17 of 2018 concerning Registration of Komanditer Alliance, Firm Alliance and Civil Alliance whose position is under Government Regulations and Presidential Regulations, because the Acts are higher than Government Regulations and Presidential Regulations. The legal consequence of not registering a firm with SABU is that the name of the firm can be used first by other firms so it must change the name of the firm concerned with another name because in the SABU system there is a registration of the firm's alliance name. If there is a partnership with another firm that registers the name of the firm first, then the name of the same firm cannot be registered again and the firm is deemed invalid. Proses atau tata cara pendirian firma diatur dalam Pasal 22 dan Pasal 23 Kitab Undang-Undang Hukum Dagang (yang selanjutnya disebut KUHD). Dalam ketentuan tersebuti menentukan bahwa firma harus didirikan dengan akta otentik dan didaftarkan pada Kepaniteraan Pengadilan Negeri dimana firma tersebut didirikan. Peraturan dalam KUHD tersebut tidak sejalan dengan Peraturan Menteri Hukum dan Hak Asasi Manusia Nomor 17 Tahun 2018 tentang Pendaftaran Persekutuan Komanditer, Persekutuan Fima dan Persekutuan Perdata yang mengisyaratkan bahwa pendaftaran firma dilakukan pada Sistem Administrasi Badan Hukum (yang selanjutnya disebut SABU). terlihat bahwa adanya konflik norma diantara kedua aturan itu. Penelitian ini bertujuan untuk mengetahui pengaturan dalam pendaftaran Firma dan akibat hukum apabila tidak mendaftarkan Firma pada Sistem Administrasi Badan Usaha (SABU). Penelitian ini merupakan penelitian hukum normatif. Dalam penelitian menggunakan pendekatan perundang-undangan dan konseptual. Menggunakan bahan hukum primer dan sekunder. Hasil penelitian menunjukkan bahwa berdasarkan asas Lex Superiori derogate Legi Inferiori maka berdasarkan hirarki peraturan perundang-undangan, KUHD yang setara dengan Undang-Undang lebih kuat dibanding Peraturan Menteri Hukum dan Hak Asasi Manusia Nomor 17 Tahun 2018 tentang Pendaftaran Persekutuan Komanditer, Persekutuan Firma dan Persekutuan Perdata yang kedudukannya dibawah Peraturan Pemerintah dan Peraturan Presiden, karena Undang-Undang kedudukannya lebih tinggi dari Peraturan Pemerintah dan Peraturan Presiden. Akibat hukum dari tidak didaftarkannya firma pada SABU, yaitu nama firma dapat dipakai terlebih dahulu oleh firma lainnya sehingga harus mengganti nama firma yang bersangkutan dengan nama yang lain karena di dalam sistem SABU terdapat pendaftaran nama persekutuan firma. Jika ada persekutuan firma lain yang mendaftarkan nama firmanya terlebih dahulu maka nama firma yang sama tidak akan bisa didaftarkan kembali dan firma tersebut dianggap tidak sah pendiriannya.

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17

Greening, Claire. "The BIALL Law Firm Library Survey 2019/2020." Legal Information Management 20, no. 2 (June 2020): 67–73. http://dx.doi.org/10.1017/s1472669620000171.

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AbstractThe second BIALL Law Firm Library Survey was launched in December 2019. The aim of the survey is to understand standard practice across the law firm library sector and to allow firms to benchmark certain aspects of the library's service against industry averages. This article contains a summary of the results with comparisons, where possible, to results from the previous survey (2015/16). The full survey results can be found on the BIALL website.

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18

Zhang, Wei, Yan-Chun Zhu, Jian-Bo Wen, and Yi-Jie Zhuang. "Growth and Firm Size Distribution." Journal of Electronic Commerce in Organizations 14, no. 2 (April 2016): 61–73. http://dx.doi.org/10.4018/jeco.2016040105.

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Studies on the firm's size distribution (FSD) can set a good foundation to know about the growth path and mechanism of e-commerce firms. The purpose of this paper is to understand features of the China's listed e-commerce firms by testing Gibrat's law and Zipf's law within the Internet sectors. From a macroscopic perspective, with the approach of OLS estimation, Zipf's coefficient of the FSD is calculated to test whether Zipf's law holds. From a microscopic perspective, the relationship between e-commerce firm size and growth is explored by quantile regression method. The results indicate that from 2005 to 2014, Zipf's law cannot be rejected, with the relationship changing over time, Gibrat's law holds partly. It implies that competition status among China's e-commerce firms becomes more stable.

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19

Yadav, Inder Sekhar, Debasis Pahi, and Phanindra Goyari. "The size and growth of firms: new evidence on law of proportionate effect from Asia." Journal of Asia Business Studies 14, no. 1 (January 7, 2020): 91–108. http://dx.doi.org/10.1108/jabs-12-2018-0348.

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Purpose This paper aims to investigate the relationship between firm size and growth under the framework of Law of Proportionate Effect (LPE) for Asian firms. Design/methodology/approach An unbalanced panel data for about 12,001 unique non-financial listed and active firms from 1995 to 2016 for 12 industrial and emerging Asian economies was examined. Total assets and net sales were used as size variables. Firm-specific variables such as return on equity, leverage and liquidity ratio were used along with macroeconomic variables such as GDP growth and two financial development indicators. The fixed effects and random effects approach were used to estimate the dynamic growth model after taking into account econometric issues such as correlation between the cross-country-specific error component and the regressors and heteroscedasticity. Findings The estimated coefficient of firm size was found to be always significant and negative rejecting the Gibrat’s law for Asian firms confirming that the small-sized firms are growing faster than larger-sized firms. Also, the persistence of growth coefficient suggested that a positive persistence of firm growth does not exist for the selected Asian firms. Gibrat’s LPE was also rejected across small, medium- and large-sized companies. For the aggregate sample, the coefficient of leverage was found to be negative and significant, whereas liquidity ratio, GDP growth, banking sector and stock market variables are found to have positive and significant relationship with growth of firms. For individual economies, a mix of positive and negative (significant and insignificant) estimated coefficient was observed. Practical implications At macro-level, the examination of firm growth is likely to have significant policy implications for the regulators and various government agencies as firm growth may increase economic activity in general and employment opportunities in particular. The policymakers can control economic and employment activity by designing specific firm growth policies. At micro-level, the study will have significant implications for managerial decision-making. Originality/value To the best of the authors’ knowledge, this is one of the first studies to test the validity of Gibrat’s LPE for large Asian economies and firms using recent data under a dynamic growth framework using firm-specific and macroeconomic variables. Also, persistence of growth of firms under LPE (that growth does not persist from one period to the next) is uniquely examined for Asian firms.

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20

Furlong, John. "The Law Firm Sector in Ireland: An Overview." Legal Information Management 11, no. 3 (September 2011): 172–76. http://dx.doi.org/10.1017/s1472669611000570.

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AbstractJohn Furlong reviews the law firm sector in Ireland as it weathers the storms of recession and the winds of change. The article provides details on the size and scale of the sector as well as statistical information on solicitors and law firms.

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21

Ketelhöhn, Niels, and Octavio Martínez Argüello. "Growth Strategies for Law Firms." Harvard Deusto Business Research 7, no. 1 (July 13, 2018): 47. http://dx.doi.org/10.3926/hdbr.133.

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Law firms that grow intensively can experience problems maintaining strategic focus, structural alignment and personnel balance. This article proposes a process through which management can plan a law firm´s future, by defining a strategy and choosing a growth avenue. We describe four growth strategies and use benchmarks of a sample of 150 law firms stemming from all Latin America to describe the typical leverage and growth levels found in the region.

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22

Altaf, Nufazil. "Do financial development and law enforceability effect the relationship between net working capital and firm value? Empirical evidence from Asia." American Journal of Business 33, no. 3 (August 6, 2018): 120–32. http://dx.doi.org/10.1108/ajb-11-2017-0034.

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PurposeThe purpose of this paper is to examine the relationship between net working capital and firm value for a sample of 2,483 firms across 16 Asian countries. In addition, this study also examines the impact of degree of financial development and law enforceability on net working capital-firm value relationship.Design/methodology/approachThe study is based on secondary financial data of 2,483 Asian firms obtained from Bloomberg database, pertaining to a period of five years. This study employs the fixed effects approach to arrive at results.FindingsResults of the study confirm a strong negative relationship between net working capital and firm value. In addition, the author also found that the negative relationship between net working capital and firm value to be strong for countries that have a high degree of financial development and law enforceability.Originality/valueUnlike prior studies, this study examines the relationship between net working capital and firm value. In addition, this study also tests the impact of degree of financial development and law enforceability on this relationship. To the best knowledge, no such study has been conducted in the Asian context.

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23

Martin, Rob. "Integrated Search Strategies for the Modern Law Firm." Legal Information Management 7, no. 4 (December 2007): 263–68. http://dx.doi.org/10.1017/s1472669607002083.

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AbstractThis article by Rob Martin addresses the issue of effectively managing the searching of enterprise information systems in law firms. It discusses the relative merits of federated, enterprise and integrated search and includes a case study of the combined solution adopted by City law firm, Ashurst.

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Maynard, Linda. "Going Global, Acting Local: Multi-Site Management in US Law Firms." Legal Information Management 6, no. 3 (September 2006): 193–95. http://dx.doi.org/10.1017/s1472669606000685.

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Over-paid, over-worked, and over here? From a trickle of firms arriving in the UK 50 years or so ago, US law firms are now a noisy presence in the London and wider European legal marketplace. They are expected by some estimates to commandeer 10% of the UK legal market within the next couple of years. Linda Maynard examines what it is like working in such a firm, in particular, looking at multi-site law firm management from the fringes rather than the centre.

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25

López-Iturriaga, Félix J., and Juan Antonio Rodríguez-Sanz. "Ownership Structure, Financial Decisions, and Institutional Setting: An International Analysis through Simultaneous Equations." Economics Research International 2012 (August 23, 2012): 1–12. http://dx.doi.org/10.1155/2012/465265.

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We analyze the mutual relations among firms’ capital structure, ownership structure, and valuation. Through the estimation of a system of simultaneous equations for a sample of 1,130 firms from 16 countries from both the common law and the civil law environments, our results confirm the differential effect of ownership structure on firms’ value in each setting. Whereas in civil law firms the higher ownership concentration results in an entrenchment and an alignment effect, in the common law firms higher ownership concentration increases the value of the firm. Second, we corroborate the endogeneity of ownership structure since we find that ownership structure is affected by the value of the firm and by the capital structure. Third, our results suggest that corporate finance decisions are taken simultaneously with other mechanisms of corporate governance and conditional on firms’ valuation.

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Belcher, Alice. "The boundaries of the firm: the theories of Coase, Knight and Weitzman." Legal Studies 17, no. 01 (March 1997): 22–39. http://dx.doi.org/10.1111/j.1748-121x.1997.tb00658.x.

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Boundaries are of the utmost importance because they establish size and shape. In so far as changes in the law affect the elements making up the boundaries of the firm, such changes can be expected to have an impact on the size and structure of firms. Theories which are capable of explaining how operations within the firm are different from those outside can be used to draw the boundaries of the firm and so to define its essence or nature. In this article three theories which give substance to the boundaries of the firm are presented and analysed. The major debate in recent corporate legal theory has been between the coercionists and the contractarians. This can be caricatured as a dispute between those who follow institutional arguments, seeing the firm as a concession of the State, and those who follow economic theory, seeing the firm as a nexus of contracts.

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Waye, Vicki Catherine. "The initiation and operations phase of the litigation funder – class action law firm relationship." International Journal of Law and Management 60, no. 2 (March 12, 2018): 595–626. http://dx.doi.org/10.1108/ijlma-12-2016-0159.

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Purpose Drawing on “Strategic Alliance” literature and qualitative research methods, the purpose of this study is to examine the initiation and operations phases of the relationship between Australian litigation funders and class law firms. The initiation phase examines factors such as complementarity between needs and assets compatibility between the funder and the class law firm goals of the alliance trust and alliance structure. The operations phase considers factors such as governance, communication and risk management and accountability. Because of its focus on the fairness of settlement, case law provides limited understanding of the drivers of the class law firm and funder relationship. An “inside look” of how the funder-law firm is initiated and made operational provides a more accurate picture and has important implications for the management of the ethical issues that arise during the course of that relationship. Design/methodology/approach This paper is a content analysis and contains qualitative interviews. Findings The strategic alliance between class law firms and litigation funders has evolved within an institutional climate that has acknowledged the benefits that the alliance can bring to the conduct of class actions. That same institutional environment has led to an alliance which is informal and transactionally oriented, where each of the parties maintains a demarcation in function. Although they share aspects of the strategic management of class actions, funders continue to be diligent monitors of class law firms, and class law firms continue to advance the legal rights of class members. Research limitations/implications It is observed that the size of the sample is small driven by a number of market participants. Practical implications The paper confirms that the litigation funder–law firm strategic alliance works well as a result of institutional constraints. Social implications Each of the alliance partners was keen to ensure that neither they nor their partner acted in a way which might attract judicial disapproval. Each also believed that they played a positive role in promoting class member interests, albeit that their primary motivation was to earn fees or a commission. The success of the alliance between class law firms and litigation funders has substantially improved access to justice in Australia for small claims holders. Originality/value The paper provides insight into a strategic alliance which is formed primarily for the benefit of third parties. This is one of the first papers to consider the litigation funder–law firm relationship through the lens of strategic alliance literature.

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Lee, Kwan S. "Divergent Impacts of Law on Law Firm Practice." Academy of Management Proceedings 2016, no. 1 (January 2016): 12108. http://dx.doi.org/10.5465/ambpp.2016.12108abstract.

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Ghabri, Yosra. "Legal protection systems, corporate governance and firm performance: a cross-country comparison." Studies in Economics and Finance 39, no. 2 (January 11, 2022): 256–78. http://dx.doi.org/10.1108/sef-09-2021-0404.

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Purpose This paper builds on the “Law and Finance” theory and aims to examine the effect of the legal and institutional environment on the governance–performance relationship in the context of non-US firms. More precisely, it examines whether and how the country’s legal system and the level of investor protection interact with the firm-level corporate governance and affect firm performance. Design/methodology/approach The authors used the “G-Index” governance score developed by the Governance Metrics International rating for a sample of 12,728 firm-year observations from 23 countries over the 2009–2016 period. Findings The results show that the interaction between the country-level institutions and corporate governance system significantly affect the firm performance. In particular, the findings indicate that firms operating in common law countries tend to exhibit a positive valuation effect and higher performance than firms with a comparable corporate governance level operating in civil law countries. More precisely, the authors find that in common law countries, higher investor protection with enhanced corporate governance is associated with better firm performance. However, firms operating in civil law countries with weaker investor protection and a comparable corporate governance level tend to experience a negative valuation effect. Originality/value The findings suggest that the institutional and legal environment is crucial and important in determining the value-maximizing level of good governance practices. Managers and regulators should carefully analyze the cost of these initiatives and should coordinate it with the needs of the country’s legal system. The challenge for the company will be how to adjust its corporate governance strategy according to the needs and demands of the country’s legal system in which the company operates to improve its performance. The regulators should ensure a fit between the specifics of the national legal and institutional environment and corporate governance standards and practices.

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Ignatius, Roger. "Law, Finance, and Firm Growth." CFA Digest 29, no. 2 (May 1999): 72–73. http://dx.doi.org/10.2469/dig.v29.n2.481.

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Demirgüç-Kunt, Asli, and Vojislav Maksimovic. "Law, Finance, and Firm Growth." Journal of Finance 53, no. 6 (December 1998): 2107–37. http://dx.doi.org/10.1111/0022-1082.00084.

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jones, margaret, and claire groom. "checklist for law firm mergers." Legal Information Management 5, no. 3 (September 2005): 195–97. http://dx.doi.org/10.1017/s1472669605000836.

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my hypothesis on the thinking behind this list is that libraries are organisations which are dynamic self evolving complex systems and so i have applied the simple systems theory template to how to merge two libraries. i think the key thing to remember is that systems cannot change radically or quickly and that they depend on feed-back to adjust their equilibrium. that said it follows that any merger, with its implications of big rapid change, will be difficult for any library system. it will be essential to keep open channels of communication and feed-back both within the immediate environment (the law firms themselves) and the external environment (publishers, service providers, journal subscriptions)

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Donner, I. H. "The Info Age law firm." Computer 28, no. 12 (1995): 86–87. http://dx.doi.org/10.1109/2.476206.

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Dick, S. Gale. "CPR survey: Law firm ADR." Alternatives to the High Cost of Litigation 13, no. 5 (May 1995): 57–64. http://dx.doi.org/10.1002/alt.3810130502.

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Hedija, Veronika, and Roman Fiala. "Is Gibrat’s law valid for travel agencies and tour operators? Evidence from the Visegrad group countries." Journal of East European Management Studies 24, no. 3 (2019): 447–65. http://dx.doi.org/10.5771/0949-6181-2019-3-447.

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The purpose of this paper is to investigate the validity of Gibrat’s law for a sample of travel agents from the Visegrad group (V4) countries and to identify the size-growth relationship. Using a linear auto-regressive model and ordinary least squares estimator, we rejected the validity of Gibrat’s law in the V4 countries (except Poland, where the results were mixed). The smallest firms tend to grow faster than their larger counterparts. Using quantile regression models, we concluded that the size-growth link differed depending on actual firm size. Before reaching minimum efficient scale (MES), there is a positive relationship between firm growth and firm size. This relationship is negative after reaching MES: the smaller firms grow faster than bigger ones. Gibrat’s law tends to be valid in the population of firms that have reached MES. This shows that economies and diseconomies of scale could play a significant role in explaining the size-growth relationship of travel agents.

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Gottschalk, Petter, and Vijay K. Khandelwal. "Determinants of knowledge management technology projects in Australian law firms." Journal of Knowledge Management 7, no. 4 (October 1, 2003): 92–105. http://dx.doi.org/10.1108/13673270310492976.

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Information technology support for knowledge management can be classified into four categories of knowledge management technology projects. The first category of projects is concerned with end user tools that are made available to knowledge workers, the second category is information about who knows what, the third category is information from knowledge workers, and the final category is information systems solving knowledge problems. This paper reports results from an empirical study of law firms in Australia. While current projects in most firms were concerned with end user tools, few firms had projects storing information about who knows what, some firms were storing what they know, and few firms were implementing systems solving knowledge problems. Discriminant analysis indicates that firm size in terms of number of lawyers and IT department size in terms of number of IT personnel are significant determinants of category of knowledge management technology projects in each firm.

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Grobovšek, Jan. "Managerial Delegation, Law Enforcement, and Aggregate Productivity." Review of Economic Studies 87, no. 5 (May 25, 2020): 2256–89. http://dx.doi.org/10.1093/restud/rdaa025.

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Abstract I propose a novel general equilibrium framework to quantify the impact of law enforcement on the internal organization of firms and thereby on aggregate outcomes. The model features an agency problem between the firm and its middle managers. Imperfect law enforcement allows middle managers to divert revenue from firms, which reduces delegation and constrains firm size. I use French matched employer–employee data for evidence of the model’s pattern of managerial wages. Relative to the French benchmark economy, reducing law enforcement to its minimum value decreases GDP (equivalently, total factor productivity; TFP) by 23% and triples the self-employment rate. Consistent with the model, I document cross-country empirical evidence of a positive correlation between law enforcement indicators and the aggregate share of managerial workers. Mapped across the world, the model explains 3–6% of the ratio in GDP per worker between the poorest and richest quintile of countries, and 6–11% of their TFP ratio.

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Aoyama, Hideaki, Lars Grüne, Willi Semmler, Yoshi Fujiwara, and Wataru Souma. "Fluctuation of Firm Size in the Long-Run and Bimodal Distribution." Advances in Operations Research 2011 (2011): 1–21. http://dx.doi.org/10.1155/2011/269239.

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We study empirically and analytically growth and fluctuation of firm size distribution. An empirical analysis is carried out on a US data set on firm size, with emphasis on one-time distribution as well as growth-rate probability distribution. Both Pareto's law and Gibrat's law are often used to study firm size distribution. Their theoretical relationship is discussed, and it is shown how they are complementable with a bimodal distribution of firm size. We introduce economic mechanisms that suggest a bimodal distribution of firm size in the long run. The mechanisms we study have been known in the economic literature since long. Yet, they have not been studied in the context of a dynamic decision problem of the firm. Allowing for these mechanism thus will give rise to heterogeneity of firms with respect to certain characteristics. We then present different types of tests on US data on firm size which indicate a bimodal distribution of firm size.

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Lopes, Susana Almeida, Maria Eduarda Duarte, and João Almeida Lopes. "Can artificial neural networks predict lawyers’ performance rankings?" International Journal of Productivity and Performance Management 67, no. 9 (November 19, 2018): 1940–58. http://dx.doi.org/10.1108/ijppm-08-2017-0212.

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Purpose The purpose of this paper is to propose a predictive model that could replace lawyers’ annual performance rankings and inform talent management (TM) in law firms. Design/methodology/approach Eight years of performance rankings of a sample of 140 lawyers from one law firm are used. Artificial neural networks (ANNs) are used to model and simulate performance rankings over time. Multivariate regression analysis is used to compare with the non-linear networks. Findings With a lag of one year, performance ranking changes are predicted by the networks with an accuracy of 71 percent, over performing regression analysis by 15 percent. With a lag of two years, accuracy is reduced by 4 percent. Research limitations/implications This study contributes to the literature of TM in law firms and to predictive research. Generalizability would require replication with broader samples. Practical implications Neural networks enable extended intervals for performance rankings. Reducing the time and effort spent benefits partners and lawyers alike, who can instead devote time to in-depth feedback. Strategic planning, early identification of the most talented and avenues for tailored careers become open. Originality/value This study pioneers the use of ANNs in law firm TM. The method surpasses traditional static study of performance through its use of non-linear simulation and prediction modeling.

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Kimbrough, Tom. "Law Firm Dynamics: Don't Hate the Player, Hate the Game." SMU Law Review Forum 75, no. 1 (June 2022): 241–63. http://dx.doi.org/10.25172/slrf.75.1.8.

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This paper concerns the business of law, a subject ignored by legal academia and sugarcoated by the organized bar. If law professors express little or no interest in this subject, their students most certainly do. Indeed, I have found that students are desperately hungry for information on the day-to-day realities of working in a law firm. Students are especially keen to learn about possible paths for career advancement within firms, across them, or across the organizations served by the firms. Paths for career advancement do exist, but they are not easy to find or pursue. Law firms are hardly going to assist their younger lawyers in this endeavor, as the interests of senior lawyers do not align with the interests of the associates. In fact, senior lawyers are engaged in competition with each other. As a result, younger lawyers may experience significant uncertainty and frustration in determining how to promote their careers. This paper is my attempt to shed light on the hidden law firm dynamics likely to shape the career success or failure of junior lawyers working in law firms. Such knowledge may empower associates to think strategically about their careers, as their senior colleagues already do. The ideas presented here are based on my fourteen years of teaching in a law school and my eleven years working as an associate attorney or foreign legal consultant at four law firms in three countries.

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Bergmann, Alexander, and Peter Posch. "Mandatory Sustainability Reporting in Germany: Does Size Matter?" Sustainability 10, no. 11 (October 26, 2018): 3904. http://dx.doi.org/10.3390/su10113904.

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This article studies how German firms evaluate a recent national corporate social responsibility (CSR) law based on a European Union directive and the burden they expect regarding their organizational responsibilities due to mandatory sustainability reporting. One hundred and fifty-one firms of different sizes directly or indirectly affected by the law are included in the survey and their responses empirically analyzed using two-tailed t-tests and simple linear regression. Anchoring the discussion in stakeholder theory and the small and medium-sized enterprise (SME) literature while considering large-firm idiosyncrasies, the results show differing effects on SMEs and large firms as well as firms which are directly and indirectly affected. Findings show that firm size only matters for the evaluation of the law by directly affected firms, while size does not matter in the case of indirectly affected firms. Possible moderators of this evaluation are grounded in the resource-based theory and formalization of CSR. This article contributes to the understanding of when firm size matters in the case of mandatory sustainability reporting and underlines the role of organizational resources and capabilities as well as the special position of SMEs.

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Arbatskaya, Maria, and Hugo M. Mialon. "The Impact of the Foreign Corrupt Practices Act on Competitiveness, Bribery, and Investment." American Law and Economics Review 22, no. 1 (2020): 105–26. http://dx.doi.org/10.1093/aler/ahaa004.

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Abstract The Foreign Corrupt Practices Act (FCPA) prohibits U.S.-related firms from making bribes abroad. We analyze the FCPA’s effects in a model of competition between a U.S. and foreign firm for contracts in a host country. If the FCPA only applies to the U.S. firm, it reduces that firm’s competitiveness and either increases bribery by the foreign firm or reduces overall investment. If the FCPA also applies to foreign firms, it reduces total bribery, and in host countries with high corruption levels, it increases total investment. The model suggests that the FCPA will deter bribery and stimulate investment while not disadvantaging U.S. firms if its enforcement is aimed at firms who engaged in bribery in highly corrupt countries and whose main competitors are also subject to the FCPA.

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Ahmadi, Ahmadi. "Movie Review “The Firm (1993)”, Director: Sydney Pollack, Written by: David Rabe, Robert Towne, David Rayfiel, Daniel Pyne. Production: Paramount Pictures." Semarang State University Undergraduate Law and Society Review 2, no. 2 (July 22, 2022): 261–78. http://dx.doi.org/10.15294/lsr.v2i2.54927.

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The Firm is a 1993 American legal thriller film directed by Sydney Pollack and starring Tom Cruise, Jeanne Tripplehorn, Gene Hackman, Ed Harris, Holly Hunter, Hal Holbrook, and David Strathairn. The film is based on the 1991 novel The Firm by author John Grisham. A young lawyer joins a small but prestigious law firm only to find out that most of their clients are on the wrong side of the law. The company is helping to launder mob money, get clients off charges and even murder partners who threaten to blow their cover, but when the FBI come calling to gather evidence on the lawyer's colleagues, he is caught between a rock and a hard place, juggling his life and his liberty.

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Solakovski, Jackie. "LAW FIRMS & THE LIFE SCIENCES SECTOR IN AUSTRALIA." Asia-Pacific Biotech News 09, no. 16 (August 30, 2005): 826–27. http://dx.doi.org/10.1142/s0219030305000108.

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This article is about the relationship of law firms and the life sciences sector in Australia. It discusses about an example of a law firm, Lander & Rogers Lawyers and the life sciences sector in Australia.

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Zhou, Helper, and Robert Zondo. "Do Firms’ Growth Rates Follow a Random Walk? Evidence from Incubated Small and Medium Enterprises in South Africa." African Journal of Inter/Multidisciplinary Studies 5, no. 1 (2023): 1–12. http://dx.doi.org/10.51415/ajims.v5i1.1091.

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Debate on the validity of the Law of Proportionate Effect (LPE) on firm growth is ongoing decades after it was postulated by Gibrat in 1931. The theoretical model which asserts that firm growth follows a random walk has been largely tested in developed economies using data from non-incubated firms, with scanty research in developing regions like Africa. This paper, therefore, aims to address this gap by being the first to assess the validity of Gibrat's law on incubated small, medium, and micro enterprises (SMMEs) in South Africa. The study utilised four-year panel data from 300 incubated SMMEs across the country, for the period between 2018 to 2021. Utilising the Law's generalised growth rate model, the generalised least square regression modelling was harnessed, using R Software. The findings, using sales as firm size proxy, confirmed Gibrat’s Law. The results showed that firm size had no effect on the sales growth rate of incubated firms, on the other hand when employment proxied performance the LPE was rejected. The findings provide important implications for both practitioners and pertinent stakeholders in the SMME sector in South Africa.

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Dar, Atul A., and Sal AmirKhalkhali. "On The Growth Process Of Firms: Does Size Matter?" International Business & Economics Research Journal (IBER) 14, no. 3 (April 30, 2015): 477. http://dx.doi.org/10.19030/iber.v14i3.9217.

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The purpose of this empirical study is to investigate whether the growth process of firms is best explained essentially by a random process as envisaged by Gibrats law, or by identifiable systematic influences such as growth persistence and firm size. A dynamic random coefficients model is applied to data on 260 Canadian firms classified into four groups according to firm size. Gibrats law of proportionate effect is not supported by the empirical results. Specifically, the findings indicate that smaller firms grow faster than larger ones in all cases. However, they also show that the effect of the disadvantage of size on growth is somewhat different for each group.

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Hollingum, Jasmin. "Collection Development Policies in Law Firm Libraries: Do we Need Them?" Legal Information Management 13, no. 1 (March 2013): 62–65. http://dx.doi.org/10.1017/s147266961300011x.

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AbstractThis article written by Jasmin Hollingum was adapted from her coursework that she submitted as part of an MSc in Library and Information Studies. It posits that whilst collection development policies (CDPs) are in widespread use in academic institutions, they are currently under-used in law firms. It considers what benefits a written CDP could deliver to a law firm library and identifies the problems that firm librarians face when developing such policies. Finally it seeks to establish ways in which they might be overcome.

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Wholey, Douglas R. "Determinants of Firm Internal Labor Markets in Large Law Firms." Administrative Science Quarterly 30, no. 3 (September 1985): 318. http://dx.doi.org/10.2307/2392665.

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Aggarwal, Priyanka, and Subhash Chander. "Testing Gibrat's Law: An Empirical Evidence from Indian Industry." Asia Pacific Business Review 4, no. 4 (October 2008): 38–52. http://dx.doi.org/10.1177/097324700800400404.

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According to Gibrat's law of Proportionate Effect, the growth rate of a given firm is independent of its size at the beginning of the examined period. The objective of this paper is to empirically analyze the pattern of corporate growth for an emerging economy, namely India. Balanced time series data of approximately 300 firms over the years 1991–92 to 2005–06 has been used to explore the size and growth relationship. The size of a firm has been measured in terms of net sales, total assets, and market capitalization. The data for various attributes has been taken from ‘PROWESS’ a database of CMIE. SPSS 10.05 has been used to perform the statistical applications.

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Tu, Wen-Jun, Xiao-Guang Yue, Wei Liu, and M. James C. Crabbe. "Valuation Impacts of Environmental Protection Taxes and Regulatory Costs in Heavy-Polluting Industries." International Journal of Environmental Research and Public Health 17, no. 6 (March 20, 2020): 2070. http://dx.doi.org/10.3390/ijerph17062070.

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In 2016, the issue of the Environmental Protection Tax Law indicated the enhancement of environmental protection in China. This study examines the market reaction to firms in heavy-polluting industries, and the effects of external legal institutional quality and internal environmental disclosure on firm value around the passage of Environmental Protection Tax Law. Using an event study approach coupled with ordinary least square regressions, the researchers find a significantly negative market reaction to firms in heavy-polluting industries, but this negative reaction varies depending on the expected increase in future regulatory costs. Specifically, the above negative reaction is stronger when the firm reveals that itself or its subsidiary belongs to heavy-polluting industry, however it would be mitigated when a firm is in a region with better quality of legal institutions or discloses environmental improvement activities. Overall, the results are consistent with the market perceiving that the environmental protection tax law enacted would increase regulatory costs for firms in heavy-polluting industries, and also show the higher-quality regional legal institutions and more efforts on environmental protection could relieve the market’s pessimism caused by uncertainty.

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