legal team

Millions Spent on FTX Lawyers and Calls for Staff Bonuses, as SBF Hints He May Want Trial Delayed
Millions Spent on FTX Lawyers and Calls for Staff Bonuses, as SBF Hints He May Want Trial Delayed

Millions Spent on FTX Lawyers and Calls for Staff Bonuses, as SBF Hints He May Want Trial Delayed

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Sam Bankman-Fried’s criminal trial might not be due to begin until later this year, but there’s no shortage of daily drama in the courtroom.

New details have emerged about how much money has been spent on legal services following FTX’s dramatic bankruptcy — as well as plans to pay millions of dollars in bonuses to key staff.

And if all that wasn’t enough, SBF’s legal team has indicated that October 2023 may be too soon for the trial to begin in Manhattan if the 30-year-old is to have enough time to prepare.

Let’s go through all of these developments in turn.

READ MORE: Everything We Know About the FTX Saga So Far

Documents filed in bankruptcy court show just how expensive bankruptcy proceedings can be.

Ever since FTX went under in November, law firms have been instructed to go through the exchange’s books with a fine tooth comb — all in the hope of uncovering the missing billions that are owed to customers. Meanwhile, new management has been brought

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March 13, 2023 by ATTORNEY

Could Amber Heard Just File For Bankruptcy To Avoid Paying Johnny Depp?

There are messy celebrity divorces, and then there’s the infamous split between Johnny Depp and Amber Heard. The two actors have been battling in court for years, and that’s only continued following the verdict of their defamation suits. The Aquaman star was found guilty on three counts, and ordered to pay her ex over $10 million after the dust settled. But could Heard just file for bankruptcy to avoid paying Depp this sum?

$10 million is a truly insurmountable sum of money for most people, including celebrities like Amber Heard. Her lawyer has gone on record saying she won’t be able to pay those millions of dollars, with the legal team continuing to attempt some appeals. But could bankruptcy help Amber Heard? According to a report by heard/amber-heard-would-gain-no-real-benefit-by-using-bankruptcy-to-avoid-paying-johnny-depp-millions-but-theres-a-catch-law-prof/” data-url=”https://lawandcrime.com/live-trials/live-trials-current/depp-v-heard/amber-heard-would-gain-no-real-benefit-by-using-bankruptcy-to-avoid-paying-johnny-depp-millions-but-theres-a-catch-law-prof/”Law and Crime, the short answer is no.

Unfortunately for Amber Heard, declaring bankruptcy won’t help her avoid paying Johnny Depp over the defamation case. Instead, going this route might help Heard slow down the payments. And with Heard’s legal team continuing to make appeals over the verdict, this might be able to buy her time as well. Clearly the ongoing legal battle isn’t going to

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July 31, 2022 by ATTORNEY

Amber Heard will appeal verdict in Johnny Depp case, lawyer says
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A day after a jury found that Amber Heard defamed her ex-husband Johnny Depp and awarded him $15 million in damages, Heard’s lawyer Elaine Bredehoft told multiple morning shows that the actress intends to appeal the verdict.

“Oh, absolutely,” Bredehoft responded on Thursday heard-s-attorney-speaks-out-verdict-is-a-significant-setback-141295685920″when NBC’s “Today” anchor Savannah Guthrie asked if Heard wanted to appeal. “And she has some excellent grounds for it.”

On Wednesday, a seven-person jury in Fairfax County ruled largely in Depp’s favor, agreeing with the actor that Heard harmed his reputation when she wrote a 2018 Washington Post op-ed (which did not name Depp) that said she became a public figure representing domestic abuse, two years after she had filed for divorce and a restraining order. In addition, the jury found that Depp, through his lawyer Adam Waldman, defamed Heard in one of three statements that called her accusations a hoax and awarded her $2 million.

Bredehoft said that Heard was “heartbroken” after the verdict. “One of the first things she said is, ‘I am so sorry to all those women out there,’ ” the lawyer said, adding that the verdict sends “a horrible message.”

“It’s a setback, a

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June 4, 2022 by LAW

How Law Departments Can Increase Efficiency In The New Normal

nonstop-6952188_1920While the pandemic era has created plenty of challenges for legal departments, it’s also given corporate counsel a chance to rethink how they operate.

In a recent webinar sponsored by Paragon Legal and Above the Law, legal industry experts explored new strategies for how legal departments can boost efficiency, streamline workflows, and increase staff well-being.

Moderated by Jared Correia, the panel included Deanna Brock, Senior Manager and Senior Corporate Counsel at Autodesk; Venora Hung, Associate General Counsel at Truepill; and Stephanie Corey, CEO & Co-Founder at UpLevel Ops and a CLOC co-founder.

Read on to learn more about how corporate counsel can achieve success in this era of “new normal.”

Emphasize Well-Being

The pandemic has led to an increase in attorney burnout, which probably shouldn’t come as a surprise, given that the legal industry is full of overachievers who burn the candle at both ends. But emphasizing well-being can lead to happier, more productive attorneys, and the experts offered ideas for how to do just that.

For instance, in order to combat Zoom fatigue, it’s helpful to suggest doing calls via audio, noted Venora Hung, associate General Counsel at Truepill. Exercise and movement can also

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June 3, 2022 by LAW

Loyalty of high value law firm clients

The loyalty of high-value clients to their law firm is largely dependent on the expertise of their lawyer or legal team. As a result, law firms need to be aware of the risks of losing their talented and experienced attorneys, and thus the firm’s high-value clients, particularly in the midst of today’s highly competitive market for experienced attorneys. To do so, there are three primary client engagement areas on which you should focus.

1. Establish a team approach to high-value client relationships for deeper law firm loyalty

First, you need to introduce your firm’s clients to the “rest” of the team that supports them, instead of only having one attorney manage the client relationship. A natural consequence of clients having a single point of contact at your firm is that they come to trust that particular attorney and may not even know who else in your firm is working on their matters. Many firms, however, have allied professionals (operations, finance, project management, etc.) with a wealth of knowledge, training, and industry experience, in addition to law, who can and do offer valuable insight and advice.

For example, law firms should have team members with MBA, CPA, or other relevant

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June 2, 2022 by LEGAL
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