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BMD Named to the 2024 U.S. News – Best Lawyers® “Best Law Firms”

Press Release, Client Alert

Brennan Manna & Diamond (BMD) is recognized among the leading law firms in the nation according to the 2024 Edition of U.S. News – Best Lawyers®  "Best Law Firms." The firm has ranked in in 13 practice areas and has earned “National Tier 1” rankings in Health Care Law and Litigation-Trusts & Estates

This year, BMD is recognized in the metropolitan areas of Akron, Cleveland, Fort Myers (Bonita Springs office), and Orlando for professional excellence in: 

Metropolitan Tier 1

Akron

  • Health Care Law
  • Litigation - Trusts & Estates

Metropolitan Tier 2

Akron

  • Corporate Law, Litigation - Intellectual Property
  • Litigation - Labor & Employment
  • Trusts & Estates Law

Cleveland | Construction Law

Fort Myers | Real Estate Law

Metropolitan Tier 3

Akron

  • Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law
  • Closely Held Companies and Family Businesses Law
  • Tax Law
  • Trademark Law

Cleveland | Health Care Law

Orlando | Corporate Law

The U.S. News – Best Lawyers “Best Law Firms” rankings are based on a rigorous evaluation process that includes the collection of client and lawyer evaluations, peer review from leading attorneys in the field, and review of additional information provided by law firms as part of the formal submission process.

Awards were given in 75 national practice areas and 127 metropolitan practice areas based on a rigorous evaluation process that includes the collection of client and lawyer evaluations, peer review from leading attorneys, and review of additional information provided by law firms as part of the formal submission process. The 2024 “Best Law Firms” rankings can be seen in their entirety by visiting bestlawfirms.usnews.com

Clients First. Business Family. Entrepreneurship.
Brennan, Manna & Diamond was founded in 2000 with the goal of combining highly skilled, talented attorneys with practical experience in business matters, to create a new way to provide legal and business services to its clients.

BMD’s access to a network of successful business entrepreneurs, consultants and developers allows for innovative solutions, symbiotic partnerships, and sound legal and business advice. BMD serves clients of all types and sizes in numerous industry sectors nationwide, in the areas of: Business and Corporate; Construction Law; Employment and Labor; Finance; Government Affairs; Healthcare; Immigration; Intellectual Property; International Law; Litigation; M&A; Real Estate; Tax, Estate, Asset Protection and Wealth Management and more. For additional information, please visit www.bmdllc.com.

 


Explosive Growth in Pot of Gold Opportunity for Bank (and Other) Cannabis Lenders Driving Erosion of the Barriers

Our original article on bank lending to the cannabis industry anticipated that the convergence of interest between banks and the cannabis industry would draw more and larger banks to the industry. Banks were awash in liquidity with limited deployment options, while bankable cannabis businesses had rapidly growing needs for more and lower cost credit. Since then, the pot of gold opportunity for banks to lend into the cannabis industry has grown exponentially due to a combination of market constraints on equity causing a dramatic shift to debt and the ever-increasing capital needs of one of the country’s fastest growing industries. At the same time, hurdles to entry of new banks are being systematically cleared as the yellow brick road to the cannabis industry’s access to the financial markets is being paved, brick by brick, by the progressively increasing number and size of banks that are now entering the market.

2021 EEOC Charge Statistics: Retaliation & Impact of Remote Work

The U.S. Equal Employment Opportunity Commission (EEOC) released its detailed information on workplace discrimination charges it received in 2021. Unsurprisingly, for the second year in a row, the total number of charges decreased as COVID-19 either shut down workplaces or disconnected employees from each other. In 2021, the agency received a total of approximately 61,000 workplace discrimination charges - the fewest in 25 years by a wide margin. For reference, the agency received over 67,000 charges in 2020, and averaged almost 90,000 charges per year over the previous 10 years.

Ohio’s Managed Care Overhaul Delayed – New Implementation Timeline

At the direction of Governor Mike DeWine, the Ohio Department of Medicaid (ODM) launched the Medicaid Managed Care Procurement process in 2019. ODM’s stated vision for the procurement was to focus on people and not just the business of managed care. This is the first structural change to Ohio’s managed care system since the Centers for Medicare & Medicaid Services' (CMS) approval of Ohio’s Medicaid program in 2005. Initially, all of the new managed care programs were supposed to be implemented starting on July 1, 2022. However, ODM Director Maureen Corcoran recently confirmed that this date will be pushed back for several managed care-related programs.

Laboratory Specimen Collection Arrangements with Contract Hospitals - OIG Advisory Opinion 22-09

On April 28, 2022, the Department of Health and Human Services, Office of Inspector General (“OIG”) published an Advisory Opinion[1] in which it evaluated a proposed arrangement where a network of clinical laboratories (the “Requestor”) would compensate hospitals (each a “Contract Hospital”) for specimen collection, processing, and handling services (“Collection Services”) for laboratory tests furnished by the Requestor (the “Proposed Arrangement”). The OIG concluded that the Proposed Arrangement would generate prohibited remuneration under the federal Anti-Kickback Statute (“AKS”) if the requisite intent were present. This is due to both the possibility that the proposed per-patient-encounter fee would be used to induce or reward referrals to Requestor and the associated risk of improperly steering patients to Requestor.

Property Owner Protection from Tax Valuation Challenges

New legislation provides significant new protections for commercial property owners against challenges to valuation primarily by local school boards and prohibiting side agreements to avoid tax valuation changes. The Ohio Legislature has approved House Bill 126 which will go into effect July 2022 but will effectively apply to the 2023 tax valuation year.