Archive for the ‘General’ Category
Meritas closes its 2013 Annual Meeting in Vancouver, British Columbia, with continued strong focus and business development relationships with its 180 member law firms located around the globe. Meritas’ 180 member law firms are now in 235 locations in 78 countries providing the support of more than 7,000 lawyers.
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On December 12, 2012, Norris McLaughlin & Marcus Member Oren Chaplin participated in the Dwight D. Eisenhower Global Awards Gala, hosted by The Business Council for International Understanding. BCIU hosted this year’s Gala at the Plaza Hotel in New York City. This year, BCIU honored Carlos Slim with its Dwight D. Eisenhower Leadership Award. The presenter of the evening was Sergio Marchionne, Chairman & Chief Executive Officer, Chrysler Group LLC; Chairman, Fiat Industrial S.p.A.; and Chief Executive Officer, Fiat S.p.A. Master of Ceremonies was Larry King and entertainment was provided by Paul Anka. Read the rest of this entry »
Guest Bloggers: John Gabrielski
Fed Chairman Ben Bernanke delivered his remarks today at the Fed’s Annual Economic Symposium at Jackson Hole, Wyoming. Bernanke is particularly concerned about the continued slow recovery of the labor market, stating that the “stagnation of the labor market in particular is a grave concern, not only because of the enormous suffering and waste of human talent it entails, but also because persistently high levels of unemployment will wreak structural damage on our economy that could last for many years.”
Guest Bloggers: John Gabrielski
This weekend marks the traditional end of summer in the U.S. As it turns out, this weekend also marks the annual Federal Reserve Bank of Kansas City Economic Symposium in Jackson Hole, Wyoming.
How will Bernanke respond to the economic indicators, many of which have been moving sideways for the first three quarters of 2012? Job growth and manufacturing have been tepid. While the U.S. continues to add private sector jobs, it has not done so at a significant enough rate to reduce unemployment below 8%. Manufacturing growth has also slowed, from what may have looked like a promising start of 2% growth in Q1, to 1.7% for Q2. Results for Q3 won’t be available until October.
Guest Blogger: William R. Doane
Following the Fed’s April 4th meeting, it had seemed unlikely that a possible QE3 would be engaged. Support for the monetary policy had dwindled and the economy boosting program seemed to have a sluggish future. However, following the conclusion of a two-day meeting in Washington, QE3 is not just likely, QE3 is here. Bernanke, Chairman of the Federal Reserve, announced today that they will be extending “operation twist” by twisting $267 billion worth of short term bonds into long-term bonds. The Federal Reserve made clear that it is “prepared to take further action as appropriate to promote a stronger economic recovery and sustain improvement in labor market conditions in a context of price stability.”
On Tuesday, May 15, 2012, the Lehigh Valley celebrated the 50 year anniversaries of two dynamic organizations that have served as funding agencies to foster economic development in the Lehigh Valley, Pennsylvania: Lehigh’s Economic Advancement Project ( known as “LEAP) and Northampton County’s New Jobs Corp (know as “New Jobs Corp”). The Lehigh Valley Economic Development Corporation (known as the “LVEDC”) administers both of these organizations and others, including the Lehigh County Industrial Development Authority through its Senior VP of Finance, John Kingsley.
In connection with Governor Christie’s goal of aiding small and medium businesses expand their global reach, the New Jersey Economic Development Authority, in conjunction with Citi Group’s Commercial Banking Group, has announced that the New Jersey Global Growth Financing Program will make up to $50,000,000 available to New Jersey companies engaged in international trade. “The New Jersey Global Growth Financing Program will provide access to capital and international market expertise, helping New Jersey businesses remain competitive, expand their operations, and create new jobs,” said Lt. Governor Kim Guadagno. Robert Koar, President of Citi’s Eastern Regional Commercial Banking Group noted that “through the New Jersey Global Growth Financing Program, Citi will capitalize on the combination of its local market experience and international expertise to help local companies grow and create jobs.”
To be eligible, businesses must have been in business for at least two years and have annual sales of $5 million to $50 million. This is an excellent program and shows that New Jersey is at the forefront of supporting its businesses engaged in global trade. We’re talking to our clients and advising them to take advantage of this joint NJEDA-Citi program.
Meritas adds seven new firms to what is now a network of 175 firms with over 7,000 attorneys in over 75 countries around the world. The new member firms are Robertson Stromberg LLP, in Saskatoon, SK Canada; HHP Attorneys-At-Law in Shanghai, China; Peroni Sosa Tellechea Burt & Narvaja in Asunción, Paraguay; Nordik Legal in Reykjavík, Iceland; Armstrong Attorneys in Gaborone, Botswana; Brunini, Grantham, Grower & Hewes, PLLC in Mississippi, and Doerner, Saunders, Daniel & Anderson, L.L.P. in Tulsa, Oklahoma. If your business has the need for guidance or “boots on the ground” knowledge in those or other locations, reach out to us and we can get you to the right specialist.
Listening to Professor David Wilkins of Harvard Law School deliver keynote address at the Meritas Annual Meeting. He makes the point that clients demand more value from their law firms and also need local knowledge. I agree with these sentiments. So, if there is a need for local expertise, let us know and we can put you in touch with one of our Meritas friends virtually anywhere in the world.