Management lawyers fret new disclosure rule

In this article, Robert Millman comments on section 203 of the Labor-Management Reporting and Disclosure Act of 1959. The U.S. Department of Labor is expected to revise the rule and require law firms advising companies on union avoidance to make the names of their clients and their fees public. Millman contends that he sees a distinction between law firm and union disclosures, and says that law firms “are privately held companies that need only disclose their finances with shareholders,” while “unions are dues-paying organizations that should inform members how they spend.”

View Article (subscription required)