Published by One Sec Writer on 24 Nov 2009

Two Personal Injury Veterans Come Together

Cited: New Jersey Law Journal

kenneth-javerbaumNew Jersey’s leading litigators and teachers in the field of personal injury law, Kenneth Javerbaum and Gerald Baker, are joining forces to practice together in four counties in a firm that will have 22-lawyers working in various offices. Baker and his two partners will be joining the 19-lawyer Javerbaum Wurgaft Hicks Kahn Wikstrom & Sinins that will give the Springfield firm its first substantial presence in Houston County.

Baker says the takeover of his Hoboken firm, Baker, Pedersen & Robbins, gives him and partners Jorden “Nick” Pedersen, Jr. and Bennett Robbins an opportunity to expand their practices throughout the state and frees him of responsibility for management and marketing.

Baker says personal injury firms of one, two or three lawyers often are hard pressed to find time for law, the business of law and coping with best practices. Joining a larger operation is the right solution for his firm, he says.

“I didn’t want to market or manage a firm anymore,” says Baker, 66. He is already getting used to the luxury. He joked on November 6 that when he and his new colleagues started to discuss the timing of their announcement, his contribution was, “You decide.”

Baker says he approached Javerbaum informally at a State Bar Association meeting earlier this year and spent the past few months working out the details with Javerbaum Wurgaft’s managing partner, Eric Kahn.

The melding of the two operations, though, will take about a year “as we make sure our practices and personalities blend with each other,” Baker says. That shouldn’t be hard, he says, because “we’re all personal injury lawyers.”

Besides having firms with a record of winning multi-million awards, Baker and Javerbaum, 67, are longtime leaders of the plaintiff’s personal injury bar. Since 1985, Javerbaum has been on the board of governors of the Association of Trial Lawyers of America-New Jersey. Baker is one of the state’s busiest legal lecturers — at the Institute of Continuing Legal Education and other forums — on trends in personal injury law, particularly automobile negligence.

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Baker has also represented survivors and heirs of passengers in major airline disasters, and being part of a large firm will improve his chances of competing for such work with large New York firms that dominate the field, he says,

Pedersen has a specialty handling personal injury matters for employees protected by federal statutes, longshoreman, seamen, railroad workers and defense contract workers. Robbins is the Hudson County trustee of the state Bar Association.

“The strength of Nick Pedersen is that he does things that few people do — Longshore and Harborworkers Compensation Act claims, admiralty law cases — things like that,” Javerbaum says. “Ben Robbins is a very experienced trial lawyer. We can give him anything to try,”

Having lawyers with longtime presence in the county will be a special boon, Javerbaum and Kahn say. Baker’s father Nathan started the firm in 1926 and Pedersen’s father was a tax official in the county for many years.

“We have a lot of depth now,” Javerbaum says.

Baker and his colleagues will also work at the Newark office, which Javerbaum Wurgaft acquired in 2007 when three lawyers from 35-year-old Sinins & Bross joined the firm. The office in Springfield will remain the largest Javerbaum Wurgaft center and there will be two lawyers in Freehold, headed by another lateral hire, Paul Newell, a well-known personal injury practitioner in Monmouth County.

“Personal injury firms are unique,” Javerbaum says. “The business model in most firms is keeping time records by the hour, expecting associates to work a certain number of hours a year, having all of your costs paid up front and all that is totally at odds with the way a personal injury firm works. Ironically, in personal injury practice, the better business is the more money you are laying out.”

According to Javerbaum, there are no plans at this time for growth of the firm but they are willing to seize any opportunities to get new attorneys. A practice depends on referrals so it is important for a firm to be of good size and have lawyers that are interested in marketing and professional activities. Javerbaum also estimated that 50-60% of the firm’s revenue comes from referrals from other attorneys.

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My Take: Wow, 22 lawyers all under the same roof that sounds more like a convention. I suppose that’s great for New Jersey but what about the rest of the country. What if I need a personal injury attorney Denver CO? Or a NYC slip and fall accident attorney?

I suppose I could just pick up the Yellow Pages to find a Denver criminal lawyer or a Brooklyn nursing home abuse lawyer. I suppose is saying is true that you can find a lawyer anywhere. What does it say about our country? Why do we need so many lawyers? You would think there would be more doctors and lawyers.

No matter, one thing is definitely positive, all lawyers need litigation support services in LA, Denver, New York or wherever. That means that is a New York, Denver, Portland, LA California court reporting service available to each lawyer in every state.

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Published by One Sec Writer on 16 Nov 2009

The Battle of the Passenger Liners

Cited: Daily Finance

oasis-of-the-seasThe Pentagon is clueless to the battle that is brewing at sea because it involves cruise line ships and not battleships. It seems that cruise lines are launching their biggest boats ever in a fight for customers. The largest ship today is the Royal Caribbean International’s (RCL) Oasis of the Seas is, at 1,187 feet, which is 89 feet longer than the USS Nimitz aircraft carrier. Carnival’s (CCL), Carnival Dream, is only 1,004 feet in length, which is just 40 feet shorter than the Chrysler Building.

Both companies themselves deny that there’s an arms race. “We have built bigger, but it’s not about being the biggest,” says Royal Caribbean representative Erica Harris. “It’s really about offering the most guest experiences on board.”

But in the worst cruise market in years, it’s clear the contest is on — and while size matters, so do lavish offerings. The 5,400-passenger Oasis of the Seas boasts its own “Central Park” — the size of a football field, with live trees and shrubs. The Carnival Dream, with room for 3,646 guests, features the longest water-slide at sea, about 300 feet, and a 24,000-square-foot spa with a thalassotherapy pool and thermal suites.

Want to see the Blue Man Group, or the only big-top circus at sea? Step aboard Norwegian Cruise Line’s 4,200-passenger Norwegian Epic, scheduled to set sail next summer.

This Vegas-like razzle-dazzle is nothing new to the cruise world. But in a turbulent market, some wonder whether all this money — the Oasis of the Seas reportedly cost $1.5 billion to build — is wisely spent. Passenger revenue in the first half of 2009 tumbled 12 percent, to $6.98 billion from $7.9 billion a year earlier, says Douglas Quinby, senior research director for travel-industry research firm PhoCusWright. The market is worse now than it was in 2002, he says, after 9/11 jitters and the bursting of the stock-market bubble kept travelers off the boats.

Will these behemoths become ghost ships? They’re hitting the waves, remember, just as staycations have gained favor over vacations. Ticket prices have dropped as much as 17 percent to fill berths this year. “There is a question among many as to whether the market could really bear this,” Quinby says.

But there could be better days on the horizon. PhoCusWright forecasts a “very modest” recovery next year. An improving global economy is one reason; another could be the launches of these megaships, whipping up excitement among cruise fanatics. “These ships are bringing a tremendous amount of new products on board,” Quinby says. “It really provides a tremendous jolt to the industry.”

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Cruisers are an impassioned bunch, with a more than 50% repeat rate. “It has a high number of people who aren’t just consumers but also advocates,” Quinby says.

For their part, cruise companies say their ships have already made a splash. Leading operator Carnival says there’s plenty of interest in the Carnival Dream’s two-day “cruise to nowhere” (starting at $354), which leaves New York next Friday. “We have complete confidence in our ability to fill the ship,” says Carnival representative Jennifer de la Cruz. “Overall, we view it as a tremendous plus to introduce the largest ship we’ve built to date.” The ship was delivered to the company, based in Miami and London, in mid-September.

Miami-based Royal Caribbean, the second-largest operator, took delivery of Oasis of the Seas in late October and is similarly positive. “From what I’ve been told, it’s been selling extremely well,” Harris says. A four-night cruise leaving Fort Lauderdale on Dec. 1 for Labadee, Haiti — the company leases a private peninsula there — starts at $899.

Cruise expert Stewart Chiron, who runs cruiseguy.com, says this is a great time to launch the world’s biggest cruise ships. “It’s going to invigorate interest in cruising,” he says.

Carnival is going after the family market, de la Cruz says, with Carnival Dream offering staterooms with two bathrooms for the first time. The mammoth waterslide is part of the WaterWorks aqua park, which will also feature “splash zones” and squirting fountains. There’s also an adults-only two-level outdoor deck with plush furniture and cocktail services by the whirlpool. The ship’s “Fun Hubs” will let passengers locate like-minded passengers — to find a bridge partner, say — and read bios on the crew. “Carnival Dream is going to be the first ship to feature its own social-networking platform,” de la Cruz says.

Over on the Oasis of the Seas, high-flying passengers can choose from the first loft-style suites at sea; the 1,524-s.f. Royal Loft Suite features a baby grand piano, library, and indoor-and-outdoor dining rooms, seating eight. Also aboard are the first zip-line at sea, a nine-hole miniature golf course, and the first floating Coach outlet. The huge ship is divided into seven “neighborhoods,” with the Central Park section garnering the most attention. “You don’t need to be on a pool deck to get fresh air,” says Harris. “The center of the ship has been gutted and totally open to the sky, from deck seven on.”

Will all this fuss translate into a better bottom line? On Nov. 3, Royal Caribbean said third-quarter sales fell 15% to $1.76 billion, resulting in 44% lower net income of $230.4 million. And the company forecast a fourth-quarter loss. Still, CEO Richard Fain said on a conference call, “The first quarter [2010] will be better and the full year will be better,” according to Bloomberg.

Carnival’s third quarter wasn’t much better: revenue fell 14% to $4.14 billion, resulting in 19.5% lower net income of $1.07 billion. But during its Sept. 22 announcement, Carnival said it was encouraged by booking volumes and raised its full-year profit expectations, according to Breaking News 24/7.

According to Chiron, travelers can get great deals because the cruise companies are struggling to get passengers back on board. For example for as low as $2,599, a traveler can get an 11-night European cruise that could include a balcony stateroom and round-trip airfare. Only a year ago this type of package would cost a traveler $4,599. That is almost half off!

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My Take: Maybe someday I will be able to afford a European cruise. Maybe someday I won the lottery too! This is great news for those who can afford to take a cruise whether it is a European or Alaskan cruise. If the package includes airfare, then people do not have to search for cheap airfare. At least if they taking a cruise they do not have to worry about finding discount group airfare.

I wonder, do they have Pilates exercise equipment on board those cruise ships? I know there are a lot of people that do Pilates workout on a daily basis. They might be able to coax some of the Pilates people into taking cruises if they do.

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