General Practice, Solo & Small Firm Division

A service of the ABA General Practice, Solo & Small Firm Division

Law Trends & News

Practice Area Newsletter

American Bar Association - Defending Liberty, Pursuing Justice


Vol. 7, No. 3



Chair's Note

Dear Division Member:

Below is the third issue of Law Trends for the 2010–11 bar year. As always, the editors believe this is a very exciting and informative issue, and I am very happy to present it to you. This enewsletter includes articles, checklists, and other valuable information and practical tips, from our substantive law committees and other areas in the General Practice, Solo & Small Firm Division.

In this issue, the editors continue to present articles that are of interest to lawyers with solo and small-firm lifestyles. As the editor-in-chief writes in his note below, this issue contains an excerpt from a book that was published by the TIPS Section involving general liability insurance coverage as well as excerpts from books published by the Division: one on estate planning forms, and another on securities law. Other articles include practical tips in the closing of a business transaction as well as an article concerning whether a short sale is really a good tool to be used in a real estate sale. We are very pleased to present this issue to you—to help you get “Back to Basics.”

We hope you agree that with each issue, Law Trends continues to provide meaningful articles for each of you. We trust that this issue, like the others, will be helpful to you in your daily practice. I encourage you to take just a few moments to read the list of articles below. Of course, the issue is yours to download and keep as a reference for the future. And, as in the past, you can either download specific articles, or you may download the entire newsletter by clicking the the PDFPDF link.

There are many Division members integrally involved in putting this enewsletter together. Their hard work and dedication are certainly present in this publication. I express my gratitude and thank them for producing this issue for the Division. The list of editors is at the bottom of this email, and I hope you take a look at each of their names to thank them for a job very well done.

I hope each of you enjoys this issue of Law Trends. We hope you continue to find Law Trends a source of valuable information. If you are interested in either writing an article or participating in the production of the newsletter, please contact Jim Schwartz, our editor-in-chief at As with the other editors, I thank him for his work and dedication.

Best regards,
Joseph DeWoskin
Chair, General Practice, Solo & Small Firm Division

Letter from the Editor

Dear Division Member:

When the Division was formed several years ago, it dedicated itself to bringing to the Solo and Small Firm Practitioner members the very best that many of our substantive Sections had to offer. Over the years, Law Trends has provided you with articles from other Sections that the editors felt would be helpful to each of you. In this issue we have included a portion of a book from the Tort Trial and Insurance Section of the ABA, a/k/a TIPS. This book, entitled The Reference Handbook on the Comprehensive General Liability Policy, is a wonderful reference handbook on comprehensive general liability insurance policies. I found this book to be an excellent resource for any attorneys involved in business insurance issues regarding either transactional and/or litigation matters involving general liability insurance policies.

We have also included here excerpts from two Division publications. The first is from a book entitled Estate Planning Forms. This book comes with a disc for your use in downloading various forms to use in estate planning. The other is from a book called Corporate Counsel Guides: Securities Regulation. This book will be extremely helpful to any of you who practice securities law, either transactional or litigation. In this issue, we have included a glossary of terms often used in the securities industry. As always, there is a “click through” for you to purchase any of these books if you like what you see. More excerpts from these and other books will be printed in subsequent editions of Law Trends.

Other articles in this issue include 13 practical tips for closing a business transaction; whether a short sale is truly an alternative to foreclosure; and many more. I truly enjoyed putting this issue together with the other editors and hope you enjoy it as much as we did in planning it.

Very truly yours,
Jim Schwartz









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    GP|Solo Division Chair Joseph A. DeWoskin
    Practice Area Division Director Henry DeWoskin
    Law Trends & News Editor James Schwartz
    Law Trends & News Associate Editor Kathleen Hopkins
    Assistant EditorsBrian Annino, Ken Ashman, John Carr, Travis Cushman, Henry DeWoskin, Todd Frommeyer, Jennifer Hilsabeck, Chantis Jenkins, David Kaufman, Travis Life, Evan Loeffler, Lynne Ostfeld, Ignacio Pinto

    Law Trends & News is distributed automatically to members of the ABA General Practice, Solo and Small Firm Division.

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