QUESTION: In order to provide better oversight and control of ENA legal expenditures on large transactions, please continue to follow the procedures set forth below for transactions where outside legal fees and expenses are expected to exceed $25,000.00. The purpose of these procedures is to (i) improve communication with counsel (inside and outside) on issues, fees and services and (ii) send price signals on legal costs (with respect to specific transactions) on a timely basis to the business units. Every effort should be made to continue to provide high quality legal work that has become standard at ENA. 1. A written estimate of proposed fees and expenses and a written description of the services shall be provided by our outside counsel. The responsible business unit and the General Counsel shall review and approve such written estimate before our outside counsel is directed to provide substantial professional services. 2. Our outside counsel shall be instructed to promptly submit a revised written estimate if such outside counsel determines that legal fees and expenses for such transaction will exceed the previous written estimate by $25,000.00. Such revised written estimate shall be reviewed and approved by the responsible business unit and the General Counsel or his/her designee before our outside counsel is directed to provide substantial additional professional services. 3. In order to accurately track such expenses so that the expenses can be properly allocated to the various business units, a work order number should be obtained for each transaction. Thank you for your cooperation. If you have any questions or any other suggestions for controlling expenses, please call me at extension 36544.
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ANS: ENA Legal Expenditures

QUESTION: chichi (SHEE-shee) adjective Affectedly elegant. noun 1. Showy stylishness 2. A person with such quality. [From French.] "If all that sounds too chichi, get back to basics with the traditional present - socks ..." Bazaar, The Independent (London), Nov 2, 1996. This week's theme: unusual words. ............................................................................ No man but feels more of a man in the world if he have a bit of ground that he can call his own. However small it is on the surface, it is four thousand miles deep; and that is a very handsome property. -Charles Dudley
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ANS: A.Word.A.Day--chichi

QUESTION: Mark Just a quick question while I remember, as you know I am giving an overview of the DASH process and the Legal Risk Memo that must accompany any DASH. My understanding is that the Legal Risk Memo must be attached to the DASH when the DASH is circulated and that on the face of the DASH form prepared by RAC, we should not be and there should not appear any Legal Risk assessment, which must only be contained in the Legal Risk Memo. The DASH should simply refer to "See attached Legal Risk Memo". I am hoping that this is also how you like to see the process work in practice. In addition I am going to say that if possible you need to be briefed and receive a draft of the Legal Risk Memo before it is circulated with the DASH. See you shortly. Marcus
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ANS:
Legal Risk Memo