Member since Sep '11

Working languages:
German to English

Michael Martin, MA
I pick up where dictionaries leave off

New York, New York, United States
Local time: 11:36 EDT (GMT-4)

Native in: German (Variant: Germany) Native in German, English (Variant: US) Native in English
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What Michael Martin, MA is working on
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Sep 8, 2016 (posted via ProZ.com):  Helping America Find Its Brain Again ...more »
Total word count: 0

Account type Freelance translator and/or interpreter, Identity Verified Verified member
Data security Created by Evelio Clavel-Rosales This person has a SecurePRO™ card. View now.
Affiliations This person is not affiliated with any business or Blue Board record at ProZ.com.
Services Translation, Interpreting
Expertise
Specializes in:
Marketing / Market ResearchHistory
Idioms / Maxims / SayingsTourism & Travel
General / Conversation / Greetings / LettersBusiness/Commerce (general)
Government / PoliticsLaw (general)
Law: Contract(s)IT (Information Technology)

KudoZ activity (PRO) PRO-level points: 3818, Questions answered: 3524
Payment methods accepted Wire transfer, PayPal, Check
Portfolio Sample translations submitted: 1
German to English: Advice on Suspicion
General field: Law/Patents
Detailed field: Law (general)
Source text - German
Viele abrechenbare Stunden, große Teams und intime Einblicke in Geschäftsinterna: Unternehmensinterne Untersuchungen sind Traummandate für Kanzleien. Und so drängen immer mehr Anwälte in das Geschäft. Doch der noch ungeordnete Beratungszweig birgt auch viele Risiken – für Kanzleien ebenso wie für Mandanten.

Von Astrid Jatzkowski

Die Idee ist nicht ganz neu. "Schon 2011 sagte einer meiner US-Partner, dass wir unbedingt Internal Investigations anbieten müssten", sagt Dr.Stephan Spehl, Partner bei Baker & McKenzie. Überzeugt war der deutsche Partner nicht vom Vorschlag der amerikanischen Kollegen."Ehrlich gesagt, haben wir ihm damails kein Wort geglaubt."

Der Fall Siemens hat das geändert. Er hat nicht nur bezüglich des Vorgehens bei Internal Investigations Standards gesetzt. Auch die Beraterhonorare erreichten eine bis dahin im deutschen Markt nicht gekannte Dimension.

Debevoise & Plimpton und andere Berater - darunter auch Baker & McKenzie - haben dreistellige Millionen-Dollar-Beiträge kassiert, um die Schmiergeldaffäre aufzuarbeiten. Bei solchen Summen erblasste mancher Wettbewerber hierzulande vor Neid.

Dass plötzlich US-Anwälte mit mickriger Deutschlandpräsenz und ohne langjJährige Verbindungen zu Dax-Unternehmen das große Geschäft machten, stieß der deutschen Konkurrenz sauer auf. Lukrative grenzüberschreitende Mandate drohten an einem Großteil der anerkanntesten Kanzleien hierzulande vorbeizugehen.

Nachfrage aus dem Nichts. Gleichzeitig schien es plötzlich jede Menge Bedarf zu geben, Unternehmen in Deutschland nach US-Manier zu durchleuchten. MAN und Ferrostaal wurden und werden auseinandergenommen.

Datenskandale bei der deutschen Bahn wollten geklärt werden und zuletzt öffnete die Finanzkrise das weite Feld der Landesbanken. Überall gab und gibt es Aufklärungsbedarf und überall gab und gibt es Kanzleien, die diesen Bedarf decken wollen (die Ermittler)

Bei genauerem Hinsehen zeichnet sich derzeit in den aktuellen Mandaten ein sehr überschaubares Grüppchen von Kanzleien ab. Bei fast allen handelt es sich um deutsche Niederlassungen von US-Kanzleien – noch jedenfalls. Die Mutterhäuser haben immerhin Jahrzehnte Erfahrungsvorsprung und sind mit den Verfahren der US-Justiz bestens vertraut.

Schon in den 1980er-Jahren installierte die US-Börsenaufsicht dort Anwaltskanzleien als Aufklärer. Sie haben sich nach den Verfahrensregeln der Behörde zu richten.

Das Prinzip dahinter ist relativ simpel: Dafür, dass die beschuldigten Unternehmen für die private Aufklärung zahlen und sich um Kooperation bemühen, gibt es Strafnachlässe.

Translation - English
Many billable hours, large teams and intimate glimpses into internal affairs – internal investigations are the stuff of dreams for law firms. As a result, ever rising numbers of attorneys flock to the business. But the as yet unstructured advisory field also harbors many risks – for both law firms and their clients.

By Astrid Jatzkowski

The idea isn’t exactly new. “As early as 2001, one of my US partners said that we really ought to offer internal investigations,” says Dr. Stephan Spahl, partner at Baker & McKenzie. But the German partner remained unconvinced. “To be honest, we didn’t believe a word of it at the time.”

The Siemens case has changed that. Not only has it set new standards in terms of how internal investigations are conducted. The advisory fees also reached unprecedented dimensions in the German market.

Debevoise & Plimpton and other advisors - including Baker & McKenzie – took in triple digits in the millions for working through the bribery affair which had many competitors turn green with envy.

It didn’t sit well with them that a US law firm with neither a sizable presence in Germany nor years of experience with DAX companies received this huge deal. Lucrative multi-jurisdictional mandates appeared to be passing by most of the renowned firms in this country.

Out-of-nowhere demand. At the same time, there seemed to be a strong demand for putting German companies under the lens, US style. MAN and Ferrostal are still being picked apart.

Data protection scandals at Deutsche Bahn needed to be resolved, and lately, the financial crisis opened up the wide field of regional state banks. Everywhere, there has been a need for investigation and everywhere there have been law firms willing to meet that demand (the investigators)

A closer look at current cases reveals that a handful of law firms dominate this market. At least for now, almost all of them are German branches of US law firms. Their head offices have decades more of experience and are intimately familiar with US judicial proceedings.

As early as in the 1980s, the US Securities and Exchange Commission tasked law firms over there with investigations under the agency’s guidelines.

The idea behind this arrangement is fairly simple: companies under suspicion will be rewarded with reduced penalties in exchange for assuming expenses for a private investigation and cooperation with authorities.

Experience Years of experience: 14. Registered at ProZ.com: Mar 2011. Became a member: Sep 2011.
Credentials German to English (Cambridge University (ESOL Examinations), verified)
Memberships N/A
Software memoQ, Microsoft Excel, Microsoft Word, SDL WorldServer, Powerpoint, Protemos, Smartcat
Website https://www.martintranslation.com/home
Events and training
Professional practices Michael Martin, MA endorses ProZ.com's Professional Guidelines.
Professional objectives
  • Meet new end/direct clients
  • Network with other language professionals
  • Learn more about the business side of freelancing
  • Stay up to date on what is happening in the language industry
  • Improve my productivity
Bio

Levitating towards the untranslatable

I am a freelance German to English translator living in NYC with an affinity for creative translations in many shapes or forms. My goal is to never run out of ideas when it comes to translation solutions, which is reflected in my regular contributions to KudoZ questions and my interest in idiomatic challenges beyond what can be looked up in dictionaries and glossaries. What's more, I would argue that even more valuable than expertise in a given domain are general linguistic skills, an excellent prose and intellectual agility to do research and find solutions on unfamiliar terrain.

In the final analysis, translation is a hands-on skill. It's less about what you know than about what you can do. Metaphorically speaking, I'm a well-rounded soccer player but not a coach. That's why credentials, for instance, are rarely a meaningful predictor of future job performance and translation is no exception. For more insights into my style, take a look at my translated news headlines at www.martintranslation.com

This user has earned KudoZ points by helping other translators with PRO-level terms. Click point total(s) to see term translations provided.

Total pts earned: 4150
PRO-level pts: 3818


Top languages (PRO)
German to English3604
English to German206
English4
German to Spanish4
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Bus/Financial886
Law/Patents800
Tech/Engineering480
Social Sciences403
Marketing385
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Top specific fields (PRO)
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Education / Pedagogy175
Finance (general)160
Business/Commerce (general)159
Medical (general)147
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Profile last updated
Apr 7



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