There are currently 12, including: Anti-discrimination, Background Checks, Drug Testing, Employment Claims in Release Agreements, Hiring Requirements, Independent Contractors, Leave Law, Leave Policy Language, Non-compete Laws, Trade Secrets, WARN Laws and Wage and Hour Laws.
100
If an attorney says he/she deals with FCPA issues, which topic do you show them?
What is the difference between PLI and Practical Law?
PLI is a CLE-provider which does not have an in-house editorial staff and relies solely on contributed resources which are not maintained. Practical Law provides know-how to enable you to get the task done accurately and efficiently.
100
An in-house attorney is concerned about starting new corporations in other states. What would you show her?
State Q&A Tool allows subscribers to compare corporation laws across 40 states (so far), plus DC and Puerto Rico.
100
Does Practical Law have all of the SEC filings available in its What’s Market databases?
No. Our What’s Market databases cover filings in very specific areas (for example, registration statements for initial public offerings). We are not an aggregator of all information publicly filed with the SEC. Our databases contain Practical Law summaries of the agreement/filing with a link out to the actual SEC filing.
200
If an employer says they have labor law issues, what topic should you show them?
Unions
200
Name 2 standard documents for an attorney who deals with vendor contracts.
Sale of Goods Agreement, Manufacturing Agreement, Product Reseller Agreement, Distribution Agreement, Professional Services Agreement, any of the General Purchase Order Terms and Conditions/ General Terms and Conditions for Sale of Goods or Services;
(vendor = supply chain = sale & supply of goods)
200
Name 3 ways Practical Law is better than LexisNexis Practice Advisor?
Scope and coverage (18 areas v. 6),
Full-time attorney editors v. ad-hoc aggregating of resources,
Keeping resources up-to-date v. depending on inconsistent contributions,
inconsistent and longer editor response time to customer questions
200
If a private company is considering a merger with another private company, where should they start?
Start with Practice Note, Private Mergers: Overview. They should also look at the What’s Market Private Acquisition Agreements database for a sense of market practice on the key deal terms.
200
If an in-house counsel is looking for an underwriting agreement, what can be shown to them?
What’s Market Underwriting Agreement database is a perfect place to start.
300
If an employer has FMLA issues, which topic should you show them?
Leave Law.
300
Companies often face the risk of significant financial exposure for damages or injuries occurring in the course of their business. Name a commercial toolkit that can help them understand the coverage to protect their company.
Insurance Policies and Coverage toolkit
300
What is the difference between our updates and other legal news aggregators and reporting systems such as Law360 and Law Firm Client Alerts?
Our updates aren't just a snapshot of the change, they are an actual interpretation of the change as well as it's practical implications that the change has. You can also link to related content directly within our site for further practical guidance on that subject matter. The other services are more of just an update with no explanation.
300
What resources does Practical Law have to assist in-house counsel with the day-to-day legal oversight of a company and its subsidiaries?
Practical Law has several resources describing the formation, governance and dissolution of companies, as well as management of subsidiary corporations. Many of these resources are housed in the Corporate Formation and Housekeeping Toolkit.
300
A lawyer says that she works in the treasury department at her company. What should you show her?
Go to the Registered Offerings and Unregistered Offerings topics. They will be responsible for working on capital-raising matters (like issuing stocks and bonds).
400
Name 5 L&E toolkits.
• Background Checks
• Conducting Internal Investigations
• Departing Employee
• Deposition
• Employee Disability
• Employee Handbook
• Employee Hiring and Orientation
• Employment Laws Concerning Veterans
• Employee Leave
• Employees' Use of Social Media and the NLRA
• Employment Litigation: Single Plaintiff Employment Discrimination
• Health and Safety in the Workplace
• Human Resources Audit
• Immigration Compliance
• Labor Union Basics
• Preventing and Responding to an EEOC Charge
• Reductions in Force
• Restrictive Covenants
• Severance Benefits, Plans and Agreements
• Sexual Harassment
• Social Media Usage
• State Law Issues
• Wage and Hour Claims
400
A prospective or current subscriber wants to find a sample contract for an owner (her client) to engage a contractor to clear land from trees, brush, and trash? Provide the topic and one resource.
What's the difference between What's Market and Business Law Center?
BLC covers more deals while What's Market adds a layer of analysis and easy comparison tools.
400
Name two toolkits you can find for Corporate and M&A and how you would describe them to a customer.
• Asset Acquisitions
• Corporate Formation and Housekeeping
• Due Diligence
• Private Equity
• Private Stock Acquisitions
• Signing and Closing M&A Transactions
• Stockholders Agreements
400
Name two resources you would show an in-house attorney if they say they work at a private company that is preparing to go public?
PN - Preparing a Company for an Initial Public Offering
CL - Timeline and Responsibility Chart: Initial Public Offerings (Non-Emerging Growth Companies)
PN-Registration Process: Overview
500
Name three of the major federal employment statutes.
If a prospective or current subscriber tells you he is interested in Article 2 of the UCC, which of the following resources should you NOT show him?
a.) Sale of Goods Agreement
b.) Manufacturing Agreement
c.) Professional Services Agreement
d.) Product Reseller Agreement
Professional Services Agreement; Article 2 of the UCC deals ONLY with the sale of goods and does not cover services.
500
Describe how your standard documents are different or better than formfinder?
Formfinder covers a broader selection of transactions including abour 500,000 sample forms such as industry specific forms. Very few have annotations like the PL Standard Docs and PL adds more extensive drafting notes and blow by blow guidance and is more plain English.
500
Describe the criteria for deals that are included in the What’s Market database.
Only publicly-filed acquisition agreements entered into after January 1, 2010, with a signing value of at least $25 million involving the acquisition of (i) all or substantially all of the assets of private US companies, (ii) at least a majority of the outstanding stock of private US companies or (iii) business units of US companies are included. The database also excludes bankruptcy sales and certain outlier transactions.
500
3 part question!
What is the Annual Report on Form 10-K? Under which topic would you find information and resources? And name one resource that would help a client working on Form 10-k.
The Annual Report on Form 10-K is a report filed annually by a US public company with the Securities and Exchange Commission (SEC) to disclose business and financial information about the company during the completed fiscal year. A public company must file its Form 10-K within a prescribed period of time after the end of its fiscal year.
Topic: Corporate Governance and Continuous Disclosure
PN - Form 10-K
CL- Deadlines for Filing Periodic Reports: Chart
Annual Report on Form 10-K toolkit