Some interesting legal reads for the week of April 13, 2015:
- From DealBook, arguments in favor of allowing law firms to go public.
- From Bloomberg, leveraged loans are not considered securities, which is a disputed point.
- From the WSJ, several large firms that often represent companies facing “appraisal arbitrage” from hedge funds are advocating to change the appraisal rules.
- The NYT on new funding alternatives for small businesses, involving advances on outstanding invoices. I’m not clear on why something like this is preferable to a traditional line of credit from a bank, given the effective interest rates described here. I guess it depends on the business, but applying for a bank line of credit isn’t that difficult and certainly doesn’t involve “selling your soul.”