This is my first column for Above the Law on the Supreme Court. In an effort to help me generate effective linkbait, the Supreme Court issued an opinion yesterday at the intersection of bankruptcy and tax law for farmers — Hall v. United States.
Basically, Hall means that, if you’re a farmer and you declare bankruptcy on your farm under Chapter 12 (“the one just for farmers”), and, while in bankruptcy, you sell your farm, you will still have to pay capital gains tax on the sale of your farm — any liability to the IRS is not dischargeable.
Perhaps the most exciting part of the opinion is that Ninth Circuit was affirmed. Though, in fairness, the Ninth Circuit opinion was written by Judge O’Scannlain, so it’s not as though the Supreme Court affirmed Judge Reinhardt.
Also, farmers who are in bankruptcy and sell their farms now have to pay tax on the profits from those sales. I’m sure much of the Midwest is rioting in response.
For those who practice tax law, bankruptcy, or farming law, you will definitely want to read the opinion and some of the write-ups on it.
But the most exciting part of the morning involved new members of the Supreme Court bar….
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This has turned into one of my favorite posts of the year. We’re calling for all creative law students. We’re calling for all law students who can carry a tune or time a joke to send forth the very best law revue videos to be judged — harshly — by the Above the Law audience.
The creative team behind the winning video will get Above the Law t-shirts and mad respect. The losers will provide entertainment for the masses. This is the time to show them everything. Make sure they remember you.
But, before you start sending us your videos, you should know that there are rules, RULES THAT YOU MUST FOLLOW….
As you might have noticed, Above the Law has gotten a little face-lift. We’ve been expanding our offerings over the past couple of months. We’ve added new full-time writers, and started new columns. With those changes, we’ve been bringing in a record number of readers who are interested in our diverse content. It was time to put the site under the knife, and get some Botox and a new smile up in here.
The new format will allow us to feature a main story we think most of you will want to see, while still scrolling through the real time news and opinions just to the right. We think this format will give our readers an overview of the content that is both relevant and new with just a quick glance.
Of course, if you like to get Above the Law just like you always have, you still can. If you like scrolling through ATL… just scroll down a little.
The changes on the website aren’t the only things that are happening here at Above the Law. With the proliferation of smart phones and tablets in the legal community, there are now more ways than ever to access ATL content beyond our website on your desktop browser. All ATL stories are available on the Flipboard, Google Currents, and Pulse readers, and we will be launching on more mobile readers shortly. If you have not yet accessed Above the Law through any of these readers, we encourage you to download the readers in the Apple App Store or Android Marketplace to access mobile ATL content.
Starting today, we will be changing our feeds so that you will receive an overview of each Above the Law story via the mobile readers listed above, or any RSS reader. You will then be able to link to the full story on AbovetheLaw.com, where you can interact with other readers through our comments, and access all of our current and archived articles for free. With so many options to view ATL content, we want to make sure you have access to breaking news and insights throughout the day in the way that suits you best; in fact, if you call right now, we’ll throw in a free set of steak knives.
Just kidding. The knives only come out in the comments. We of course want you to continue to come to AbovetheLaw.com directly to participate in the community and give us feedback on the stories that interest you.
Good times. We want to thank all of our readers for making 2011 the most successful year for Above the Law ever. We’ll try to do even better in 2012.
In my contribution, I offer a measured defense of unpaid internships — of the non-abusive variety, in which the intern receives a valuable learning experience (and doesn’t just do scut work) — and also a defense of the status quo (under which most unpaid internships are technically illegal, but enforcement isn’t super-vigorous). You can read my NYT piece here (or on page 9 of yesterday’s Sunday Review section, if you’re a print person). You can also read a piece by Camille Olson, a labor and employment partner at Seyfarth Shaw, over here (focusing on the legal aspects of unpaid internships, and offering general guidelines to companies considering them).
Speaking of interns, Above the Law is looking for one — a paid intern, for the record. Details appear below, along with general information about our hiring needs, and our policy on guest posts or outside contributions….
Hi everybody! I’m Chris Danzig. You might have seen me around Above The Law over the past year, covering technology and West Coast legal news. As of today, I’m excited to be the site’s newest full-time editor, joining David Lat, Elie Mystal, and Staci Zaretsky.
I’m a journalist by trade, not a lawyer. I’ve spent too much time writing about the law — and the stressfulsituations that can arise within the legal profession, which sometimes drive lawyers to drink — to ever want to practice.
I left that job about two years ago, and have worked as a full-time freelance reporter since then. I’ve written for a variety of publications, covering health care, music, social justice, and a bunch of other stuff. I live in the San Francisco Bay Area, where I was born and raised.
Keep reading for more personal trivia about yours truly (and to see the photo of myself that Lat asked me to provide)….
It’s hard to believe that another year has passed, but here we are. It’s December 31st, New Year’s Eve. The weather is turning cold, the Republican presidential contest is heating up, and it’s time to review this year’s biggest stories on Above the Law.
Consistent with past practice, we will refrain from offering our subjective judgments on the most important stories of the year. Instead, just as we did back in 2010 and 2009, we’ll identify the ten biggest stories of the past year as decided by you, our readers. With the help of our friends at Google Analytics, we’ve compiled a list of our top ten posts for 2011, based on traffic.
In terms of overall topics, the most popular category page for the year was Law Schools, for the second year in a row. This shouldn’t come as a surprise, since the year was an eventful one for the legal academy. It would be fair to describe 2011 as an annus horribilis for the law school world, with various forces laying siege to the ivory tower. The attackers include not just unemployed lawyers turned scambloggers, but the mainstream media, led by David Segal of the New York Times; plaintiffs’ lawyers, who have already sued several law schools (and have announced plans to sue at least 15 more in 2012); and even a tenured law professor calling for reform (Paul Campos, currently in the lead for 2011 Lawyer of the Year).
The second most-popular category at ATL: Biglaw. Although we’ve expanded our small-firm and in-house coverage dramatically here at Above the Law, adding multiple columnists in each space, our coverage of large law firms still draws major traffic and drives discussions.
Now, on to the ten most popular individual posts on Above the Law in 2011….
The year is quickly drawing to a close, but we have unfinished business to conduct here at Above the Law. We still have to crown our Lawyer of the Year for 2011.
Thank you to everyone who responded to our call for nominations. We’ve narrowed down the nominees to a field of twelve (although you’ll see only eleven options in the poll because one is a joint nomination). As in past years, the contenders run the gamut from distinguished to despicable.
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 seven years. You can reach them by email: email@example.com.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at firstname.lastname@example.org or email@example.com. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
Professor Joel P. Trachtman has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
The Tools of Argument: How the Best Lawyers Think, Argue, and Win is a highly readable 200-page book, available for about $10 in paperback or e-book. Chapters focus on foundational principles in legal argument: procedure, interpretation of contracts and statutes, use of evidence, and more. The material covered is taught only implicitly in law school. Yet, when up-and-coming attorneys master these straightforward tools, they will think and argue like the best lawyers.
For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
● The basics of accounting for lawyers.
● How legal accounting differs from regular accounting.
● Report and reconciliation issues surrounding trust accounts.
● How to pick and integrate the best accounting tools for your practice.
● Steps to prepare your tax return for your firm’s income.
Do not miss this crucial chance to optimize your accounting practices. Save time and get back to billing!