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Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
CTPartners Executive Search Inc. Announces First Quarter 2013 Financial Results
CTPartners News Release (05/09/13)
CTPartners Executive Search Inc. reported $29.2 million in revenue for the first quarter of 2013, down 10% from $32.4 million during the year-ago period. Its North American revenue totaled $17.4 million, marking a year-over-year decline of 13.4%. The company reported a net loss of $2 million, versus a net loss of $0.6 million during the first quarter of 2012.
By practice, revenues totaled $5.7 million for life sciences, up 8.6%; $3.6 million for industrial, up 28.2%; $6.9 million for financial services, down 29.8%; $3.4 million for technology, media, and telecom, down 6%; $4.9 million for professional services, down 3.2%; and $4.7 million for consumer and retail, down 20.1%.
Survey Deadline Next Week—How Does Your Firm’s Performance Measure Up?
Benchmark your company’s performance against similar staffing firms by participating in the ASA Sector Benchmarking Survey. The survey deadline is May 21.
The survey covers sales and operational metrics for the health care; industrial; office–administrative; professional; search and placement; and technical, IT, and scientific industry sectors. ASA member companies that complete the survey will receive a free full survey report that provides key metrics such as data on gross margins by sector, average employee placements by company size, and more.
Interested in participating? Contact ASA at sections@americanstaffing.net to receive a customized link. To learn more and view sample survey questions, go to americanstaffing.net.
Free ASAPro Webinar This Week—Make Your Website Work for You
Is your website an asset or a liability for your company? Find out how to take ownership of your online reputation and position your firm in the best light during the ASAPro webinar “Online Branding and Reputation Management—It’s More Important Than You Think,” Thursday, May 16, 3–4 p.m. Eastern time. Brad Smith of Haley Marketing Group will help you assess whether your website differentiates your company from your competitors in an effective and valid way.
This webinar is free for ASA members and qualifies for continuing education hours toward ASA certification renewal. Register online at americanstaffing.net.
IT Consulting Company Indicted for H-1B Fraud
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First GINA Suit by EEOC Quickly Settled for $50,000
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Wage-and-Hour Suits up for Fifth Straight Year
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Seventh Circuit Addresses Obligations Regarding the Interactive Process Under ADA
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Economic Road Clearing, but the Going Is Slow
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Second Quarter 2013 Survey of Professional Forecasters
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Half of U.S. Small Businesses Think Health Law Bad for Them
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