Archive for September, 2009

Billable Hour RIP

Please check out my guest column in RichmondBizSense today, Friday, September 25, 2009. In a nutshell, I explain (1) why I think billable hours are a poor way to price legal services, (2) what needs to be done about it, and (3) why it’s important to Richmond. I throw in a little historical background to […]


Listen, do you want to know a secret?

Do you promise not to tell, Whoa . oh oh Closer, let me whisper in your ear…. (Lennon/McCartney)* A recent article in the Virginia Gazette tells the story of a local technology company that is suing its former employees for $3.5 million for the theft of trade secrets. Many business owners are unaware that in […]


Middle Market M&A Transaction Size Increases as Dollar Volume Slows

Merger and acquisition transactions among private companies are down 58% compared to the first half of 2008 according to a survey released by the Alliance of Merger and Acquisition Advisors (AM &AA), an association and credentialing body for middle market M & A professionals. The survey results for the 12 month period ending June […]


SEC Approves Rule Change for New Investment Banker Registration Category and New Series 79

Good news for investment bankers, financial intermediaries and business brokers — there is finally an NASD exam and registration tailored to your work. Rather than having to meet the requirements of the Series 7 license, the Securities and Exchange Commission has approved a rule change creating a new “Limited Representative — Investment Banker Registration” category […]