R. Bradford Malt

I get that to lay people, the tax code seems incredibly complicated. It is complicated, and years of both parties legislating through the tax code has made it that way. I understand that the sepia-toned relief of an American being able to puzzle out his taxes on the hood of his pick-up truck before he goes fishing is a powerful image.

But honestly, the mainstream media has to stop acting like Mitt Romney is beset on all sides by byzantine forces that only our greatest theoretical physicists can understand. Taxes are governed by laws. As I’ve said before, we have professionals who deal with those laws; they are called tax lawyers. In fact, if you have modest investments and intelligence, you probably could do your taxes on the hood of your pick-up truck, provided you had a Macbook and downloaded TurboTax.

If, on the other hand, you want to make millions of dollars a year, enjoy the benefits of sophisticated investments, and keep money offshore to avoid paying American taxes on it, then you’re going to have to hire a freaking professional to help you. We’re going to cry over this? We’re going to be sad that we live in a world where people who make extraordinary amounts of money have to rely on trained professionals to help them make just a little bit more?

I guess the Times isn’t exactly crying over it (Fox News has been carrying most of the water on poor Mr. Romney and his complicated taxes), but they are smacking around one of the Biglaw professionals Romney hired. Let’s see which firm…

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What do Proskauer Rose and Ropes & Gray have in common (besides the seven shared letters in their firm names)?

  • They are both leading law firms.
  • They both have major presences, their two biggest offices, in New York and Boston.

  • They both have blue and gray in their logos.
  • And they are both involved in litigation with former employees claiming employment discrimination.

Let’s take a look at the latest news — a fresh lawsuit filed against Proskauer, and updates in a lawsuit against Ropes that we’ve previously covered….

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Happy Friday! And happy is right — the spring bonus news continues to roll in.

The latest firm to share the wealth with its associates is Ropes & Gray. The spring bonus news is much cheerier than the Ropes news from earlier today (although note the updates appended to that post, highlighting comments skeptical of plaintiff Patricia Martone’s claims).

So, yes, the Ropes springtime bonuses. The scale being used has the Cravath numbers on it, but there are some caveats and qualifiers.

In terms of overall bonus compensation, some R&G associates will do better than their Cravath counterparts, and some will do worse….

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