Late last night, Congress passed a compromise tax bill that will, among other things, cap the estate tax at 35% (with a $5 million exemption). If not for this compromise, the estate tax would have returned in 2011, at rates as high as 55 percent (with a $1 million exemption).
Hallelujah. Anytime you can save wealthy dead people millions of dollars during a time of crushing federal deficits, that’s something you just have to do. Way to go, Obama. When I voted for you in 2008, really I was just trying to vote for four more years of Bush’s ruinous fiscal policies.
Obama isn’t just saving money for all the dauphins eager to get their hands on their inheritances; he could be saving lives. Duke Law professor Richard Schmalbeck apparently thinks that rich old people might have killed themselves in droves over the next two weeks. Schmalbeck suggests that after spending a lifetime working hard and earning money, hundreds “or even a few thousand” of the aging rich might have committed suicide in the waning days of 2010, in order to pass on as much of their money to their children as they can before the estate tax returns in 2011.
I shudder to think that somebody would commodify their own life in such a way. But then again, I’m not rich. Maybe you only get rich in this country by being the kind of person who would gladly kill yourself if the price is right…
I honestly can’t believe I have to do this, but apparently we need to argue about incest. Last week we told you about the Columbia political science (and adjunct law) professor, David Epstein, who is accused of having a sexual relationship with his 24-year-old daughter.
I’d hoped that most reasonable people would agree that incest is wrong and shouldn’t be allowed. But I’m dealing with lawyers and quite a few homophobes. I wasn’t exactly surprised that commenters made various Lawrence-based arguments and ridiculous connections between incest and gay sex.
And if the commenters are defending incest, you can best believe that Epstein’s lawyer is defending incest too…
First of all, Happy Chanukah. May your candles burn bright.
It is certainly possible that some lowly internet hacker was trying to take advantage of some holiday compassion when he or she hacked the email of Harvard Law School Professor Charles Nesson. Nesson is a well-known figure in “internet and the law” circles — as well as to readers of A Civil Action, who know him as “Billion Dollar Charlie” — but today he’s just another victim of a phishing attack. An email went out to the HLS community this morning claiming that Nesson was stuck in the U.K. and in desperate need of money.
We can’t be sure if Nesson will be able to find and bring charges against the hacker, but let’s hope that if he does he isn’t forced to rely on HLS students for legal advice…
(Oh, stop your gasping, it’s a benign brain tumor. I can make jokes about benign brain tumors in headlines.)
Tribe, a person who is most definitely as smart as he thinks he is, specifically highlighted his medical condition as the reason for his departure. Apparently he does not want anybody to think that he’s leaving because of his leaked letter to President Obama about Justice Sotomayor’s abilities. I’d imagine he also didn’t want to give the impression that he’s abandoning a president who is not nearly as liberal as many hoped he would be. (Or that he’s still mad over the elevator incident at the Georgetown Safeway.)
According to the HLS press release the tumor that will cut short his public service still allows him to teach at the second-best law school in the country….
Tomorrow, Jammie Thomas-Rasset goes to trial for a third time over her illegal downloads of 24 songs. As we’ve reported before, the music industry is determined to make an example of her, and tomorrow they’ll be fighting over damages the Thomas-Rasset should pay for stealing things valued at $1 on iTunes.
But what should and will happen to Jammie Thomas-Rasset is a substantive discussion for another day. Right now, I want somebody to tell me who holds the Guinness Book of World Records mark for quickest benchslap. Because District Judge Michael Davis just knocked around Harvard Law professor Charlie Nesson so quickly you wonder if the clerk pulled a hamstring trying to get everything filed in the correct chronological order…
Home to the Lord of all law reviews, Gannett House on the HLS campus.
All law reviews are not created equal. We all know this.
But the prestige of your law review isn’t directly correlated to the prestige of your law school. One obvious case of that is the fact that the Harvard Law Review is widely considered to be the most prestigious law review, even though Yale has a better law school (according to U.S. News… and people who don’t like crowds).
Unfortunately, U.S. News does not rank law reviews — at least not yet. One day, U.S. News will rank everything from high school debate programs to cremation operations; for now, we are left with only our general assumptions about who has the best law review.
But not anymore. The good people at Concurring Opinions have found a website that puts together a fairly competent rating of the nation’s best law reviews. Finally, students who edit the best law reviews, and professors who publish in them, can point to a list when they are trying to use their prestige to pull digits at a bar.
And this list passes the smell test, which is to say it pretty much tells us what we already think we know…
A law school faculty member who is engaged in training as a counselor/therapist is seeking volunteers for listening sessions. The purpose of the sessions is for the faculty member to practice basic listening skills while reflecting back to the volunteer what the volunteer has said. The sessions are not themselves therapy or counseling. Nonetheless, everything that the volunteer says will be kept confidential.
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
Are you challenged by the costs and logistics of maintaining your office, distracting you from the practice of law?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Everyone is talking about the importance of Social Media in Corporate America. But it is relatively safe to say that most law firms and lawyers are slightly behind the social curve. Most lawyers, at minimum, use LinkedIn, for networking. Some even use Twitter for pushing out short, pithy content, while many have Blogs, where they write their little hearts out. The adage “it is better to give than to receive” is not always true though in the world of Social. In the Social World – it is best to listen, give back and engage.
Social Media is a communications tool that can deeply educate you about the needs and wants of your clients and prospects when used in conjunction social media monitoring and sharing tools.
Take this quick quiz and see if you know how to use Social to help you engage more with your clients or to better service the ones you have.