Early spring is traditionally a time when money is front and centre. The federal and provincial governments release their budgets, companies issue annual reports and prepare first-quarter numbers and law firms pay partners their previous year’s profits.
When it comes to examining the business of law, the media often places too much emphasis and focus on Big Law and metrics that apply more to Bay Street or Wall Street than main street.
With a flurry of elections that has seen the end of long-standing governments in Ontario and Alberta and shifts in policy, combined with the federal government’s inability to move forward on any major energy infrastructure projects, the risk is real.
Follow the Money is about looking at the business side of law and examining emerging trends and issues.
When complaints arise, companies need to move quickly and take the right, strategic steps.
Some lawyers never retire. That’s certainly the case for Mark Orkin, who has been dubbed the “God of Costs.”
Ask Bruce Karn what is keeping him busy these days and the senior legal counsel at construction giant EllisDon will say it is the pending changes to Ontario’s Construction Lien Act.
As the lazy, hazy days of summer approach, most lawyers are focused on their holiday vacations. Not so for Canada’s budding crop of cannabis counsel.
A recent incident involving Bay Street titan Goodmans LLP has shone a light on the issue of rogue clients and the potential damage they can inflict on a law firm’s brand.
The Big Four accounting behemoths have supplanted law firms in many countries, and Canada may be next on their list.