Legal research company to go public; consultants wonder whether investment would be a good buy

Article Abstract:

Legal Research Center (LRC) of Minneapolis, MN, hopes to raise $4.25 million in a late July, 1995, initial public offering and use the money to increase its marketing and its working capital, and to start an alternative dispute resolution training program. Many consultants say the offering is questionable, as LRC faces strong competition, depends heavily on a few clients (notably MCI), and has only modest profits. LRC sells its research services to small law offices and in-house legal departments, as well as offering lawyer-temps and preparing briefs.

Legal Services NEC, Finance, Legal research, Securities, Legal Research Center Inc.

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Money laundering: not just the bank's problem; ACCA's membership is warned that clever criminals are increasingly using corporate America to clean funds

Article Abstract:

Many manufacturers and other non-finance companies have become unwitting partners of money launderers using a variety of innovative schemes to avoid the controls most banks have put in place. Criminal organizations now may buy fungible commodities to resell elsewhere, or establish shell companies in Eastern Europe or elsewhere to establish joint partnerships with unsuspecting legitimate companies. Corporations should set a policy limiting when and how cash or cash-equivalent sales can be made, and train employees.

Analysis, Money laundering

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Bar chiefs protect the guild; a lobbying blitz engulfs an ABA panel on non-lawyer practice

Article Abstract:

The American Bar Assn's Commission on Nonlawyer Practice insists its unreleased final draft report does not reflect pressure from state bar groups despite closely paralleling their demands. Thomas R. Curtin, president of the New Jersey State Bar Assn, led the fight against what he feared would be a report opening the gates to legal technicians and threatening lawyers' livelihood. The report apparently advises that regulation of independent legal assistants should be left to the states.

Business services, not elsewhere classified, Paralegal Services, Standards, Reports, Practice of law, Legal assistants, A.B.A. Commission on Nonlawyer Practice

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