The following In-house Advisor practice note provides comprehensive and up to date legal information covering:
This Practice Note provides guidance for in-house lawyers on the use of competency models to development talent within their teams and includes a sample competency model for an experienced legal adviser.
Competencies are the behaviours that individuals must have, or must acquire, to perform effectively at work. Your HR department will normally be the promoters of competencies if they have been adopted by the organisation. Sometimes HR will be promoting universal competencies which apply to everyone, this can be problematic for in-house lawyers if they have difficulty identifying with them and their relevance to their role.
Competency models can be a useful tool to help you identify which members of your team have already got what it takes to progress and which members have areas for development or improvement. Competency models should not be used to berate shortcomings, but to provide a framework to close the gap between actual behaviour and the requirements of the competency in question.
Competency models also act as a useful guide for individuals who want to progress, as they clearly set out the skills and requirements for each role, removing uncertainty about what each one requires.
You will need to work with, or at least acknowledge, the competency model you have been given, but the following example may be useful as a benchmark or a guide if your organisation does not
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This Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in syndicated loans in leveraged financings. TLBs are an established feature in the US market and increasingly used in the European lending market for institutional investors.This
The primary function of office-holders in personal and corporate insolvency is to collect in the assets belonging to a company or individual and to distribute these to the company's or individual's creditors. Office-holders have various duties and powers in order to ensure that they do this. For
This Practice Note considers the meaning and use of conditions precedent in commercial arrangements. It also considers typical conditions precedent and drafting issues.What are conditions precedent?A condition precedent in a commercial contract details an event which must take place before:•a
What is a res judicata?A res judicata is a decision given by a judge or tribunal with jurisdiction over the cause of action and the parties, which disposes, with finality, of a matter decided so that it cannot be re-litigated by those bound by the judgment, except on appeal.Final judgments by
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