Author Archives: Brian Bouggy
Altman Weil recently published its annual report on Law Firms in Transition. The takeaway: law firms are changing, but not fast enough. The report analyzes a recent survey Altman Weil conducted of nearly 800 of the U.S.’s largest law firms. Its findings starkly highlight the challenges faced by traditional law firms. It’s clear many are failing to deliver what clients need from their lawyer. Law firms must change their business model to be more client-focused. Yet resistance to change dominates most big law firms. Clients need practical and efficient solutions (i.e. technology-driven) to their problems. Seems simple.
There is an old adage that the devil is in the details. A recent decision from the First Circuit Court of Appeals demonstrates that sometimes the smallest oversight can create huge problems. At issue was a wage overtime statute which exempted from the payment of overtime wages certain work, including the “packing for shipment or distribution” of certain foods. When dairy drivers were not paid overtime wages, they sued, arguing that the exemption applied only to employees who packaged food for shipment or distribution, as opposed to employees who simply distributed the packaged food as they did.
Brian joined Densborn Blachly in 2013. Brian’s expertise in healthcare, pharmaceuticals, and life sciences fills a specific need within the practice to expand representation in industries crucial to growth in central Indiana, and the nation in general. Brian is part of our next generation of sharp-minded, young attorneys, which are helping to reshape the legal landscape as we know it. We could not be happier to have him onboard.
Densborn Blachly is pleased to announce that 4 attorneys were selected for inclusion in Best Lawyers in America® 2017.
Best Lawyers is the oldest and most respected peer-review publication in the legal profession. The Best Lawyers lists of attorneys are compiled by conducting exhaustive peer-review surveys in which tens of thousands of leading lawyers confidentially evaluate their professional peers. If the votes for an attorney are positive enough for inclusion in Best Lawyers, that attorney must maintain those votes in subsequent polls to remain on the list for each edition. Lawyers are not permitted to pay any fee to participate in or be included on the lists.
Densborn Blachly is pleased to announce Don Densborn was recognized by Best Lawyers® as the 2017 Banking and Finance Law “Lawyer of the Year”. “Lawyer of the Year” recognitions are awarded to individual attorneys with the highest overall peer-feedback for a specific practice area and geographic location.
Densborn Blachly is pleased to announce that Sebastian Spears has permanently joined the DB family. Sebastian is originally from the Indianapolis area, and previously served DB as a clerk while finishing his degree at Indiana University Robert H. McKinney School of Law. He earned an undergraduate degree in accounting from Southern Methodist University, and now plans to focus primarily on corporate and commercial law.
In recent years, consumers and investors have demonstrated an increased preference for socially conscious companies. The natural outgrowth of this trend has been the rise of socially conscious companies like Tom’s, a shoe company that donates one pair of shoes to those in need for each pair it sells. On January 1, 2016, Indiana entered the fray as the 30th state to enact a benefit corporation statute. Benefit corporations are for-profit corporations formed with the additional purpose of providing a general public benefit. Under the statute, a general public benefit is a benefit creating “material positive impact on society and the environment,” as a whole, through a corporation’s operations. This ambiguous language provides flexibility to benefit corporations that have a variety of benefit interests.
As the New Year begins, we look ahead to new challenges and the opportunities they bring. 2015 quietly ushered in a new capital reserve rule for banks: a super capital charge for High Volatility Commercial Real Estate (HVCRE) loans. As the year closes, there are still many questions about this Rule and its effect.
The SEC adopted final rules, effective April 27, 2016, known as “Regulation Crowdfunding”, which greatly liberalize the manner by which companies privately raise money in small increments from a large number of investors, using the Internet. Regulation Crowdfunding also creates a regulatory framework for the intermediaries — broker-dealers and funding portals –which will facilitate the online transactions.
We are pleased to announce that Densborn Blachly, LLP is again named a “Best Law Firm” by U.S. News & World Report and Best Lawyers. Best Law Firms are chosen for persistently impressive ratings by clients and peers as to the quality of their work, their professionalism and their integrity.