Posts Tagged ‘South Florida’

South Florida Business News: Week Ending March 6

March 6th, 2010

By Mark Schecter | No Comments »

newspaperJackson Health Plan would Slash 4,487 Jobs

A sweeping plan to close two satellite hospitals and trim nearly 4,500 jobs would still leave a $64 million budget gap in fiscal 2010 for the Jackson Health System, according to a plan presented Friday by President and CEO Eneida Roldan.

However, it would narrow the gap by $165.4 million.

The plan, which would whack employment in the system by 37 percent, was presented to the system’s Public Health Trust board. It would undo an ill-fated venture that saw the agency in charge of Jackson Memorial Hospital acquire two satellite locations in north and south Miami-Dade County. Rather than making money as envisioned, the satellite hospitals were a further drain on profitability.

Read more here…

South Florida Fla. Hotel Cccupancy Improves

For the week ended Feb. 27, occupancy in Palm Beach County rose to 82.6 percent from 71.1 percent one year prior. Occupancy in Miami-Dade rose to 83.3 percent from 75.1 percent. Broward occupancy rose to 85.5 percent from 82.4, according to the latest statistics from Smith Travel Research.

Occupancy across the U.S. was 55.3 percent, up from 54 percent.

The average daily room rate rose in Miami-Dade County, but dropped in the other two counties.

The average rate in Miami-Dade rose 0.9 percent, to $176.40 from $174.80. Broward’s average rate fell 4.5 percent, to $146.14 from $139.54. In Palm Beach County the average rate fell 8.2 percent, to $178.76 from $164.10.

Read more here…

Florida to Receive $27M in Stimulus for Mass Transit

Florida is in line to receive $27.6 million in federal stimulus dollars to improve its mass transit operations, the U.S. Department of Transportation said Friday.

The grants, part of the $7.5 billion the Federal Transit Administration has awarded since February 2009 under the American Recovery and Reinvestment Act, will fund seven projects in Florida.

The Miami-Dade Transit Agency will receive a little more than $5.2 million to purchase three 30-foot shuttle buses, two 30-foot mini-buses for circulator bus routes, bus shelters and operating assistance.

Read more here…

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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

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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.

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Should you Hire a Business Lawyer?

January 26th, 2010

By Mark Schecter | No Comments »

If you are serious about growing, sustaining and protecting your company, it may be a good idea to consider hiring a business lawyer so you can do business in a more effective and less risky manner.  Without a valid contract, the parties are left disputing verbal agreements and unknown intentions.

Whether your company is involved in the exchange of goods or is service-based, it is built on relationships, agreements and contracts you’ve entered into with others. In some cases, the growth and sustainability of a company is contingent on the terms and validity of said agreements.

Benefits of Hiring a Business Lawyer

When you do business with valid contracts, you reduce the likelihood of having to engage in nasty legal disputes. The less your company spends on initiating or defending contracts, the more you will save on your legal expenses.

Business lawyers are equipped with the legal knowledge and expertise that is required to review, interpret and enforce an existing contract, or create a legally binding agreement that clearly expresses the intent of all parties.

On a daily basis, your business lawyer can handle much more than business contracts. He/she can also make sure your company remains in compliance with the law, and provide other legal services that are essential to the operation of your business.

3 Factors to Consider before you Hire a Business Lawyer

An effective business lawyer can provide legal support throughout all phases of your business; from the initial start-up phase to the resolution of litigation matters. Here are a couple of factors to consider when choosing a lawyer:

1.    Length and Type of Experience

Before you hire a lawyer, there are a couple of steps you should take. First, you should evaluate the lawyer’s experience. Inquire about the length of time they have been practicing law, and also determine if they have experience practicing business law. Have they represented companies similar to yours? Do they provide the legal services you need?

If you are in an industry where legal disputes and lawsuits are common, you may want to consider hiring a tenacious lawyer that specializes in litigation. If you are in the beginning stages of your business, you may benefit from the help of a business start-up and organization lawyer.

2.    Communication Skills

The most effective lawyers are great communicators. And in many instances, you can assess a lawyer’s communication skills from the initial point of contact, before you retain their services. While you’re in search of a business lawyer, it is important that you observe his/her behavior during the pre and post consultation stages. Does the lawyer return your telephone calls and respond to your emails in a timely manner? Did he/she follow up with you after the consultation?

3.    State Bar Association and Peer Reviews

Every state has a local bar association that monitors the lawyers practicing law within the state.
You can contact the bar to inquire about complaints and disciplinary actions involving the lawyer.

It is also a good idea to review what peers are saying about him/her before you decide to retain their services. There are websites like Martindale-Hubbell and Lawyers.com that provide peer review ratings for lawyers throughout the US. Take a moment to review what others are saying before you decide which lawyer is the best fit for your business.

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