Law Firm Board Resolution for
Litigation and Legal Proceedings
Document No.: [Unique Identifier]
Date: [Insert Date]
Subject: Authorization of Litigation and Legal Proceedings
Prepared by: Legal Department
BE IT RESOLVED by the Board of Directors of our firm that the following measures be approved and adopted for the management and execution of legal actions and proceedings:
Authority to Initiate Legal Proceedings: The Board hereby authorizes the Managing Partner and the Head of the Legal Department to initiate legal proceedings on behalf of the firm when they deem it necessary to protect the firm’s interests and assets.
Scope of Authority: This authorization includes the ability to: (1) Engage outside legal counsel as required; (2) File or defend cases in all relevant jurisdictions; (3) Enter into settlement negotiations where appropriate.
Budget Approval: All costs associated with legal proceedings, including but not limited to attorney fees, court costs, and settlement amounts, must be reviewed and approved by the Board or its designated financial committee.
Financial Oversight: The Finance Department is tasked with monitoring legal expenses to ensure they remain within the approved budget and reporting any deviations to the Board in a timely manner.
Regular Updates: The Managing Partner and Head of the Legal Department are required to provide monthly updates to the Board regarding the status of ongoing legal proceedings. These updates should include developments in the cases, changes in strategy, and an overview of expenses incurred.
Documentation: All legal documents, correspondences, and court filings must be properly documented and archived by the Legal Department. Access to these documents will be governed by our firm’s confidentiality policies.
Limits of Settlement: The Board sets the following guidelines for settlements: (1) Any settlement requiring payment or financial obligations exceeding [specify amount] must receive prior approval from the Board; (2) Settlements involving significant policy changes or admissions of liability must be discussed in a full Board meeting.
Delegated Settlement Authority: The Managing Partner and Head of the Legal Department may approve settlements within the limits specified without further Board approval.
Amendments and Modifications: This resolution may be amended, modified, or repealed by a majority vote of the Board at any duly organized meeting of the Board of Directors.
Implementation: This resolution shall take effect immediately upon its adoption and remain in force until modified or rescinded by the Board. All actions taken under the authority of this resolution prior to its passage are hereby ratified and affirmed.
Certification
I, [Name], the Secretary of the Board of Directors, do hereby certify that the above is a true and correct copy of the resolution passed at a duly convened meeting of the Board of Directors of our firm held on [Date].
[Name]
[Position]
[Date]
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