Tax Day was earlier this week. Like many Americans, I said some prayers — and a few curses — and hoped that Turbo Tax made sense of my mid-year move from D.C. to Texas, my investment roll-overs, my handful of I-9s and W-2s. I did my damnedest to be “true, correct, and complete,” as the IRS insisted. Former Secretary of Defense Donald Rumsfeld admitted via Twitter that he has “absolutely no idea whether our tax returns and our tax payments are accurate,” though, of course, he didn’t say that he knew that they weren’t accurate.
Campaign for Liberty, Ron Paul’s 501(c)(4) organization, announced this week that it’s actually pretty sure that its tax recent filings are incomplete, even if true and correct. (Two out of three ain’t bad?) According to C4L, the organization refused to divulge the names of its donors when it filed its IRS 990 forms. The IRS fined Campaign for Liberty just shy of $13,000, plus growing interest for each day the fine goes unpaid.
How did Campaign for Liberty respond? Not as you might expect….
This is what you could call a slow news week. It’s kind of the exact opposite of the week that inspired me to start writing these missives. Back then, the Supreme Court was handing down rulings and the Zimmerman trial was getting off to a disastrous start for the defense. It all seems so long ago.
The latter days of the summer are always slow in law as partners and judges go on vacation and students await the return to school. The bar exam provides some light entertainment and OCI generally provides a gem or two, but otherwise it’s a slow period.
And that’s when people can get tripped up by satire masquerading as news.
Here’s a short round-up of a few key stories from the week including how satire fooled a lot of the ATL-verse and some high profile cases that had milestone moments…
After a year-long break, we returned to law-related vanity license plates about a week ago. You heeded our call for submissions, and while we’ve been overrun with them, we’re always looking for more photos. If you’re a fan of the Law License Plates series, please send some in via email (subject line: “Vanity License Plate”).
Today, we’ll be taking a look at what some of the lawyers in our nation’s capital have displayed on their vanity plates. Unlike some of the submissions we’ve spoken about in the past, these plates aren’t direct invitations to get rear-ended, but that’s only because they’re too cryptic for laypeople to understand.
Get ready for some constitutional law nerd action….
So, Dewey & LeBoeuf filed for bankruptcy, as I’m sure you’ve heard. Here at Above the Law, we’ve been embroiled in nitty-gritty of the breakup of this once-proud firm. But a tipster suggested that we take an interesting step back. After checking out the comments to a Dewey story on Reuters, this reader observed: “It’s just funny (and alarming) to see how much the masses hate lawyers and cherish seeing them suffer. Makes ATL seem like a safe zone.”
The reaction from the general — and generally uninformed — public has been a crazy aspect to this Dewey story. The process of Dewey falling apart has sent some people into a frothing “eat the rich” lather. As if one law firm in Manhattan has anything to do with why an autoworker in Cleveland can’t get a job.
* There’s a new chief legal officer at Morgan Stanley: Eric Grossman, a former Davis Polk partner, replaces Frank Barron, a former Cravath partner (who joined Morgan Stanley not that long ago; if you know more about this odd situation, email us). [Bloomberg Businessweek]
* Will anybody be surprised if it turns out that Ron Paul likes to fire people too? [Politico]
* Most people will just ignore the balanced budget amendment as proposed by Chuck Woolery (yes, that Chuck Woolery), but on the off chance that somebody actually says to you, “You know, Chuck Woolery has some really good ideas,” here’s somebody who took the time to smack the Chuckster down. [Recess Appointment]
Last week, you might have noticed a pop-up asking you to participate in our straw poll of potential Republican nominees. You were only supposed to see it once — if you saw it more than once, it’s because you hate cookies.
The poll was put together by a new member of our Above the Law team. Please welcome Brian Dalton, the new Director of Research at Breaking Media. He comes to us from Vault.com, where he was Director of Research & Consulting. Dalton will be putting together information for us at a statistically significant level. He’ll be telling you guys how you think.
With over 1,000 responses, we’re able to call the GOP primary and crown the lawyers’ choice among the candidates. Breaking news: it’s not Mitt Romney!
Well, I mean, Romney’s gonna win. Everybody knows that. But the guy lawyers want to win is very interesting. I’ll let Brian explain….
If you want to run for president in this country, you best have quality legal counsel.
It doesn’t matter which party you are from. It doesn’t matter what your political platform is. It doesn’t matter if you believe Obamacare is exactly like your own health care plan or if you think marriage is a sacred vow shared by a man, a woman, and millions of viewers on The Bachelor. It turns out you still need competent legal counsel.
Biglaw legal counsel, as it happens. Check out the law firms that are advising the 2012 presidential candidates…
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.