Archive for the ‘South Florida’ Category

Outsource to Contract Lawyer to Deal with Layoffs

February 11th, 2010

By Mark Schecter | No Comments »

If you follow the local and national news, you are aware of the US economy and rising unemployment rate. It’s difficult to ignore the dismal news as the topic is frequently covered in all areas of the media, from morning and afternoon talk shows, to radio and newspaper ads.

As a business owner, you constantly struggle with the thought of cutting back your costs and budget, and the possibility of having to lay off employees and add to the rising unemployment rate. But the fact remains, you are responsible for finding ways to keep your company viable while you deal with the current crisis. That means in many companies, layoffs are inevitable.

While you work hard to cut your budget and control your costs to deal with the business losses you’ve experienced, you may find you’re forced to downsize the number of employees in your company.

With that said, it’s not always simple to determine who will be laid off. While you may be able to fade out certain positions, you’ll find there are others you cannot afford to dissolve.

For instance, it may not be a good idea to completely fade out the legal services your in-house attorney provides to protect your company. In fact, it may be an absolute wrong decision as claims of wrongful termination and other employment disputes tend to increase when layoffs occur.

So, what can you do?

You can outsource to a local contract attorney many of the same legal services an in-house attorney offers. Does this mean you must completely dissolve your company’s legal department? No. But it does mean a contract lawyer can prevent you from having to hire more salaried in-house attorneys and support staff.

Although much of the news we hear focus on the loss of jobs once held by middle Americans, there are other industries that are often overlooked. The legal industry has been hard hit by the economy. It was already heavily saturated and very competitive, and the economy has only exacerbated that reality.

Now, instead of hiring more in-house salaried lawyers, many corporations hire contract attorneys to provide legal services they need. In many instances, a lawyer working on a contract basis has the same (and sometimes more) education and work experience as the typical in-house attorney.

Has your company considered outsourcing to fill in-house attorney positions following layoffs?

http://www.schecterlaw.com/litigationblog/legal-services-local-corporate-attorneys-offer

South Florida Business News: Week Ending February 6

February 6th, 2010

By Mark Schecter | No Comments »

We are kicking off a weekly “In the News” series in which we will provide you with a brief overview of some of the top on and offline stories affecting South Florida corporations and small businesses.

If there is a topic or story you’d like for us to discuss, please submit the story here.

Biscayne Bank Increases Loans by 13 Percent

Biscayne Bank, a Coconut Grove-based bank, has felt the pain of the current economic state for awhile now, and has endured its share of ups and downs. Some of the bank’s financial problems have been traced back to loans that are tied up in pending foreclosure lawsuits.

In June 2009, Biscayne Bank received more than $6 million in TARP funds. By the end of the year, the bank had increased its loans total from $152.2 million, at the time of receiving the funds, to $171.8 million thereafter. Approximately $280,000 of interest has been paid to the U.S. Treasury department on the TARP money.

The Chairman of Biscayne is hopeful that there will be improvements in the economy as well as the bank’s overall performance in the near future.

Dollar General Stores is Set to Expand

Dollar General Stores is one company that continues to perform very well in spite of the economical down turn. The company recently announced it plans to open 600 stores and create approximately 5,000 jobs throughout 2010. In 2009, the company hired 4,000 employees.

The growth that Dollar General continues to witness is due in large part to the fact that more Americans are becoming frugal and are looking for the most economical way to shop for their families.

According to South Florida Business Journal, Dollar General has more locations than any other retailer in America. In Florida alone there are nearly 450 stores. Current job seekers are excited about the opportunity to work with the company, and considers this a step in the right direction. Hopefully, other companies will follow suit.

Read more about all of these stories at South Florida business journal.