Businesses of all types and sizes throughout the United States, Mexico and beyond bring their disputes to Gardere's litigation team and receive practical, responsive, boutique-style attention in return. Our clients have access to the firepower and value of a well-known and highly-regarded Firm's capabilities and interdisciplinary strengths.
Gardere has a national and international energy practice formed around our Energy Industry Team, which is a multidisciplinary group of approximately 60 attorneys with diverse backgrounds, experience and skills specific to the energy industry. Our team includes attorneys who have served as in-house counsel for major energy companies, providing a depth of insight into our clients' needs, issues and concerns. We understand and regularly practice in virtually every sector of the energy, and we represent a wide variety of industry participants from multinational corporations to individuals.
From our offices in the United States and Mexico, our International Practice helps clients operate in today’s global economy. We have more than 30 professionals operating as a boutique within an Am Law 200 law firm and are able to provide focused service with the resources of a large firm. We understand that clients who are engaged in the global marketplace need lawyers who can operate seamlessly across multiple jurisdictions. Our international experts are multi-lingual, are culturally fluent and intimately familiar with various legal systems across the world, especially those in Latin America. Whether you need help with commercial transactions, regulatory matters, customs and import regulations, immigration matters, M&A and joint ventures, international disputes, or international tax planning, Gardere’s international team is here to assist you.
We represent domestic and foreign private funds in all aspects of fund formation, fund operations, platform and add-on acquisitions, and portfolio company operations. Our team has a reputation for being the go-to-lawyers for private equity funds, hedge funds, venture capital funds and family offices. We are known for our vast deal experience, the efficient way we staff and manage our work, and the way we maintain our relationships. We get deals done with sophisticated, strategic, and practical advice tailored to the needs of our clients.
*Not admitted to practice law.
A few weeks ago, President Obama issued an Executive Order raising the minimum wage for workers on new federal contractors from $7.25 an hour to $10.10 an hour. That measure was designed to build momentum for a minimum wage increase for the private sector as well.
Now, President Obama has announced he will direct the Department of Labor to revise the so-called “white-collar” exemptions on executive and professional employees so that many currently exempt employees will not be considered exempt and will therefore be entitled to overtime compensation. These regulations were last revised in 2004 under then President George W. Bush. This directive is expected to be issued on March 13, 2014.
Experts believe that the proposal would both increase the minimum amount paid to salaried, exempt employees and alter the exemptions to be narrower and therefore fewer currently exempt employees would meet the new test(s). The current minimum weekly salary for salaried, exempt employees is $455 per week and was established in 2004. The President is not expected to set a new minimum weekly salary on March 13 but will leave that up to the Department of Labor. Additionally, experts expect that the President will direct the Department of Labor to more narrowly define who meets the executive exemption to those who spend more than 50% of their time in supervisory tasks. Currently, there is not a bright line rule on how much time must be spent supervising to meet the exemption.
Look out for a follow-up blog post as this story unfolds!
The publications contained in this site do not constitute legal advice. Legal advice can only be given with knowledge of the client's specific facts. By putting these publications on our website we do not intend to create a lawyer-client relationship with the user. Materials may not reflect the most current legal developments, verdicts or settlements. This information should in no way be taken as an indication of future results.
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