Monday, October 25, 2010
This Week at the City Bar
Around the Bar
Recent Committee Activity
City Bar in the News
Other News of Interest
Save the Date
This Week at the City Bar

Tuesday, 6 PM, Event
Intelligent Interviewing: Telling Your Story, Selling Yourself

Wednesday, 9 AM - 12:30 PM, CLE
Hot Topics in Advertising and Marketing Law 2010

Wednesday, 1 PM - 5:45 PM, Event
Thursday, 9 AM - 1:30 PM
Dodd-Frank and Other International Developments Affecting the Global Financial System After the Crisis

Wednesday, 6 PM – 7:30 PM, Event
The Formula for a Lady Litigator? Is There One?

Wednesday, 6 PM – 9 PM, CLE
Successful Claims & Defenses to Lender Liability

Wednesday, 6:30 PM – 8:30 PM, Event
Diversity Within Prosecutorial Offices: Why Does it Matter?

Thursday, 6 PM – 9 PM, CLE
Current Legal Ethical Issues with Professor Stephen Gillers

Thursday, 6 PM – 9 PM, Event
Career Planning: A Working Seminar to Turn Your Wishes into Reality

Thursday, 6 PM – 9 PM, Event
Training for Volunteers to Provide Basic Consumer Debt Collection Legal Advice

Wednesday, 9 AM – 12 PM, CLE
Corporate Compliance 2010: Best Practices & Recent Developments
(Video Replay)

Around the Bar
U.S. Attorney Preet Bharara Speaks at City Bar on White Collar Enforcement

On October 20th, Preet Bharara, the U.S. Attorney for the Southern District of New York, addressed hundreds in the Meeting Hall on "The Future of White Collar Enforcement: A Prosecutor's View." Read his remarks here, and watch a video excerpt here.

Justice Center¡¦s Public Service Network Places 1,000th Volunteer Lawyer
The Public Service Network, a City Bar Justice Center initiative, is celebrating the placement of its 1,000th volunteer this week. Formed in 1997, the Public Service Network encourages lawyers to engage in public service by matching attorneys with legal and non-legal volunteer opportunities in the nonprofit sector. To date, the Network¡¦s volunteers have contributed over 150,000 hours of service, valued at over $20.5 million. The Public Service Network has partnered with over 300 nonprofit organizations that work in areas such as human rights, education, the arts, social services, the environment, labor rights and racial justice.
To read more click here.

Recent Committee Activity
The Use of Transfer and Flip Taxes by New York Cooperatives and Condominiums
The Committee on Cooperative and Condominium Law sent a letter to the Federal Housing Finance Agency commenting on the Agency's proposed Guidance on Private Transfer Fee Covenants. The letter expresses support for the main objective of the proposal, to stop developers from receiving a never-ending source of income after they have vacated their developments, but objects to the portion of the proposal that would, in effect, prohibit transfer fees payable to the development. Though the proposal does not directly prohibit developments from collecting fees such as transfer and flip taxes, it would ban loans to unit owners in developments that require such a fee. That would have a severe impact on developments, such as New York cooperative and condominiums, that rely upon these fees as part of their operating budgets and as reserves for future repairs and improvements. The Committee proposed alternative language to address this problem.

City Bar in the News
Crain's New York, October 21, 2010
Feds Say Insider Trading 'Rampant' on Wall Street
“U.S. Attorney Preet Bharara said Wednesday night that insider trading is ‘rampant’ on Wall Street and that his office is expanding its use of wiretaps to pursue Wall Street crimes. ‘From my vantage point, I can see that illegal insider trading is rampant and may be on the rise,’ Mr. Bharara said to a meeting of white-collar criminal defense lawyers at the New York City Bar Association. ‘We have devoted significant resources to this and are adding more.’ Calling insider trading a top criminal priority for his office, Mr. Bharara hinted that a new wave of arrests was on the way, though he declined to give details. He also said that his office will bring charges against corporations where appropriate."

New York Law Journal, October 18, 2010
10 Tips for Effective Litigation Case Management
“While it may not be appropriate in most cases, one approach in this area has been to outsource document reviews overseas, and more specifically to India, where lawyers perform document review at significantly lower cost than their U.S. counterparts. Such arrangements come with their own unique set of challenges, however, and law firms considering them must, as the New York City Bar has stated, ‘(1) ensure competence and appropriate supervision; (2) preserve the client's confidential information; (3) check for conflicts of interest; (4) disclose the outsourcing arrangement to the client; and (5) avoid assisting in the unauthorized practice of law.’”

Other News of Interest
New Attorney Affirmation Requirement in Foreclosure Proceedings
The New York State court system has instituted a new filing requirement in residential foreclosure cases. Plaintiff's counsel in foreclosure actions will be required to file an affirmation certifying that counsel has taken reasonable steps ¡V including inquiry to banks and lenders and careful review of the papers filed in the case ¡V to verify the accuracy of documents filed in support of residential foreclosures. Information on the requirement can be found on the Unified Court System¡¦s website.

Save the Date
Lawyers Connect: First Thursdays
Speakeasy
Thursday, November 4, 2010, 7 PM - 9 PM
Toast the Twenty-First Amendment with modern takes on speakeasy-era favorites. Sip a variety of cocktails inspired by those underground social clubs of the 1920s and 30s and enjoy a delicious menu of carefully crafted, artisanal hors d¡¦oeuvres, all while enjoying live jazz music and mingling with attorneys and other professionals. Master mixologist and James Beard Foundation honoree Elayne Duke will host the event, and guests will take home tips and recipes.
Please register online or call 212-382-4723.

To forward this newsletter, click here.

To view this newsletter on the Web, click here.

To Change Your Contact Information:
Please send an email to: membershipservices@nycbar.org with your new contact information.

Click here to unsubscribe from 44th Street Notes e-mails

New York City Bar
42 West 44th Street, New York, NY 10036
(212) 382-6600
www.nycbar.org