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Project Counsel and Associates on Demand June 2010 • Volume 34, I s sue 6 Good business or cheating the taxman? COVER ILLUSTRATION: MATT ROUSSEL 28 LEGAL REPORTS 45 50 Insolvency Business solutions for boardrooms Lawyers are getting creative to help clients get out of financial jams in recession's aftermath. By Geoff Kirbyson Business/corporate law Adjusting the risk-reward balance New oil-and-gas royalty regime in Alberta should offer a more level playing field for companies in that risky business. By Diane L.M. Cook www.mross.com Edmonton . Calgary . Yellowknife McLennan Ross LLP - driven by energy, innovation and results . . . providing valued legal advice throughout the business cycle Untitled-8 1 www. C ANADIAN Law ye rmag.com JUNE 2010 5 5/19/10 3:14:21 PM 16 54 Offshore financial centres are not about secrecy and hiding away money but can offer quite legal tax advantages. By Paul Brent The going rate 36 Canadian Lawyer's 2010 legal fees survey shows practitioners have lowered fees for many services despite inflation and higher overheads. By Robert Todd 15 ntitled-8 1 A New Approach to Legal Staffing departments 7 18 21 24 Cross Examined A real superhero By Naomi Carniol Law Office Management The HST is coming, the HST is coming By Kevin Marron Tech Support E-discovery — are you in or out? Part II By Gerry Blackwell opinions Banking on Corporate Does Canada really need a federal securities regulator? By Bryan Haynes Top Court Tales Show me the money By Philip Slayton Back Page A solution, or deliberate creation, of a problem? By Ezra Levant Continuing a tradition of excellence 5/17/10 10:47:10 AM Regional Wrap-Up A look at what's happening from coast to coast cover story