Member News | November 12-16

Gallivan, White & Boyd, P.A. Named “Best Law Firm” by U.S. News and Best Lawyers

GREENVILLE, S.C.Gallivan, White & Boyd, P.A.is pleased to announce that the firm has been ranked as a “Best Law Firm” by U.S. News and Best Lawyers.  The firm’s position is determined by qualitative and quantitative data used to provide a comprehensive ranking of the U.S. legal profession.  GWB has been ranked a Tier 1 or Tier 2 “Best Law Firm” in 14 practice areas:

  • Commercial Litigation
  • Litigation – Eminent Domain & Condemnation
  • Product Liability Litigation – Defendants
  • Workers’ Compensation Law – Employers
  • Insurance Law
  • Mediation
  • Personal Injury Litigation – Defendants
  • Product Liability Litigation – Defendants
  • Mass Tort Litigation/Class Actions – Defendants
  • Banking and Finance Law
  • Employee Benefits (ERISA) Law
  • Employment Law – Management
  • Legal Malpractice Law – Defendants
  • Railroad Law
  • Real Estate Law

U.S. News and Best Lawyers third edition of the rankings feature law firms that have consistently returned impressive performance ratings by clients and peers. Achieving a high ranking is a special distinction that signals a unique combination of excellence and breadth of experience.  The rankings showcase more than 10,000 law firms ranked nationally or by metropolitan region. Firms were ranked nationally in one or more of 80 legal practice areas and by metro or state in 118 practice areas.  U.S. News and Best Lawyers released the 2013 “Best Law Firms” rankings on November 1, 2012.

Gallivan, White & Boyd, P.A. has offices in Greenville and Columbia, S.C. and Charlotte, N.C.  Practice areas include business and complex litigation, strategic risk assessment and counseling, and corporate representation. For more information about the firm, see www.GWBlawfirm.com.

                                      

WebsterRogers’ Forensic Investigative Accounting Professionals Support Fraud Awareness Week

FLORENCE, SC. (November 14, 2012) — WebsterRogers is pleased to announce that it will be participating in International Fraud Awareness Week, November 11-17, 2012 as an official supporter to promote anti-fraud awareness and education.

Organizations around the world lose an estimated 5 percent of their annual revenues to fraud, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). Companies with less than 500 employees, small businesses in particular, are especially susceptible to employee fraud as they often lack the anti-fraud controls or policies found in larger organizations.

As an official supporter of the movement (also known as “Fraud Week”), WebsterRogers joins hundreds of organizations who have partnered with the ACFE, the world’s largest anti-fraud organization and premier provider of anti-fraud training and education, in a commitment to proactively fight fraud and help safeguard business and investments from this growing problem.

In its 2012 Report to the Nations on Occupational Fraud & Abuse, the ACFE found that:

• Fraud schemes are extremely costly. The median loss caused by the occupational fraud cases in the ACFE study was $140,000. More than one-fifth of the frauds involved losses of at least $1 million.

• Schemes can continue for months or even years before they are detected. The frauds in the study lasted a median of 18 months before being caught.

• Occupational fraud is a global problem. Though some findings differ slightly from region to region, most of the trends in fraud schemes, perpetrator characteristics and anti-fraud controls are similar regardless of where the fraud occurred.

• Small businesses are especially vulnerable to occupational fraud. These organizations are typically lacking in anti-fraud controls compared to their larger counterparts, which makes them particularly vulnerable to fraud.

• Tips are the key in detecting fraud. Occupational frauds are much more likely to be detected by a tip than by any other means. This finding reinforces the need for promoting awareness to foster an informed workforce.

WebsterRogers is urging businesses to take steps to minimize the impact of fraud by evaluating and improving their employee screening process.

• Many small companies seldom perform background checks on new employees, potentially inviting hackers, predators and even convicted felons into the organization. Conduct a thorough background check that goes back over the past seven years on all potential employees prior to hire.

• With a signed release, check their credit report for any fiscal irresponsibility. During an economic crisis it’s ok to have some financial stresses but you wouldn’t want your controller or bookkeeper to be filing for bankruptcy.

• Once the employee is being considered for hire, review their social networks for any items damaging to reputation, especially any past animosity toward their former employer

Further, the professionals of WebsterRogers recommend that organizations institute anti-fraud controls to monitor all employee activity including:

• Internal and external audits

• Management reviews and independent audit committees

• Fraud training for management and employees

• Mandatory vacation and job rotation

• Hotline/tip line and rewards for whistleblowers

Fraud detection and prevention should be an ongoing initiative and International Fraud Awareness Week offers a great opportunity for businesses to become aware and develop and review policies and controls to fight fraud and safeguard their livelihood from this continually growing problem.

About the Association of Certified Fraud Examiners The ACFE is the world’s largest anti-fraud organization and premier provider of anti-fraud training and education. Together with nearly 65,000 members in over 150 countries, the ACFE is reducing the incidence of fraud and providing the training and resources to fight fraud more effectively.

For more information about the ACFE, visit http://www.ACFE.com.

About WebsterRogers
LLP WebsterRogers LLP is a leading South Carolina-based accounting and consulting firm that provides a broad spectrum of assurance, tax and advisory services to our clients. Founded in 1984 on the principles of quality, integrity and dedication to client service, our success is directly related to our strong commitment to our people and our clients. WebsterRogers offers the degree of personal attention, responsiveness and accessibility our clients expect and deserve—coupled with regional resources that can satisfy their needs.
WebsterRogers has a total staff of over 130, including 19 partners, serving a variety of industries and individuals from 8 offices across the state of South Carolina.
For more information, visit http://www.websterrogers.com.

                                     

CHARLESTON, SC RETAIL REAL ESTATE ON THE UPSWING, REPORTS NAI AVANT

Charleston, SC (November 13, 2012) “With higher levels of retail activity compared to other retail centers in the state and nation, the Charleston Metropolitan Statistical Area (MSA) retail market appears to be moving in a positive direction,” states Ruth Marie Embler, Retail Specialist with NAI Avant. Third quarter 2012 recorded a low vacancy rate of 5.3 percent for the overall Charleston Market compared to 5.5 percent at the end of the second quarter 2012. Net absorption was positive 135,212 square feet compared to positive 90,606 square feet in the second quarter 2012.

“The vitality of King Street, in particular, is playing a large part in the low vacancy rate for the overall retail market. Downtown Charleston alone is experiencing a vacancy rate of 1.6 percent, the lowest it has seen in a long time. Both existing and planned retail space in this area command higher rental rates, in some cases as high as $40 per square foot, triple net. This has created a buzz of extreme demand and excitement that continues to capture the attention of national retailers. Just recently the area has benefited from the announcement of several new grocery-anchored and Big Box development projects,” concludes Embler. At the end of the third quarter 2012, over 166,000 square feet was under construction in the MSA.

Information above is obtained using CoStar and includes an average of the entire Metropolitan Statistical Area. Please see attached reports for individual submarket statistics and further details on the market.

Contact: David Grubbs, Managing Principal, Charleston Office, 843-814-6111, or dgrubbs@naiavant.com

NAI AVANT BROKERS SALE OF RIVALS, FLORENCE, SOUTH CAROLINA

COLUMBIA, SC (November 9, 2012) Cam Kreps, a Senior Broker with
NAI Avant, recently represented the seller in an 18,000 square foot retail sale in Florence, South Carolina. The property, located at 2320 Trade Court near the I-20 and I-95 interchange is the new home of Rivals, an apparel, merchandise, clothing and gift store. The property is currently under renovations with a plan to open soon. The transaction was valued at $650,000.

Contact: Bruce Harper, President and Broker-In-Charge, Columbia Office, 803-744-9805, or bharper@naiavant.com

NAI AVANT BROKERS SALE OF 31.8 ACRES, ELGIN, SOUTH CAROLINA

COLUMBIA, SC (November 12, 2012) Tom Milliken and Tombo Milliken, both members of NAI Avant’s Brokerage Team, recently represented the purchaser in 31.8 acres in Elgin, South Carolina. The commercial property is located just off I-20 at the Elgin Exit on White Pond Road in Kershaw County. The transaction was valued at $400,500.

Tom Milliken
Tombo Milliken

Contact: Bruce Harper, President and Broker-In-Charge, Columbia Office, 803-744-9805, or bharper@naiavant.com

About NAI Avant

NAI Avant’s commercial real estate business is one of the largest in the Southeast.  With over 65 professionals, the firm provides comprehensive brokerage, leasing, development, property and project management services.  For nearly three consecutive decades, the group has had more of its brokerage professionals recognized as top producers or recipients of the top awards than any other firm in South Carolina. As a member of the NAI Global Network, NAI Avant is affiliated with over 350 offices and 5,000 professionals in 55 countries across the globe. NAI Global is the largest independent commercial real estate service provider worldwide and a wholly owned subsidiary of C-III Capital Partners. NAI Avant’s Property and Project Management Group currently manages a multi-million square foot portfolio of properties across South Carolina, North Carolina, and Georgia. Through its Avant Healthcare Division, the firm provides comprehensive services to hospitals, clinics, and physician groups. NAI Avant, founded in 1966, is headquartered in Columbia, SC with an office in Charleston, SC. Find out more about NAI Avant and its services at www.naiavant.com.

Be sure to follow us on Twitter @NAI Avant and like us on Facebook.

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