Tax Law

  • iStock_000013298318Small-RF

    5th Circuit, Federal Judges, Money, Plaintiffs Firms, Tax Law, Texas, Tobacco / Smoking

    If You Win A Massive Judgment, Try Not To Put It Into An Illegal Tax Shelter

    Smoking is bad for you — and winning massive judgments against tobacco companies can also be hazardous, if you don’t pay taxes on the money.

    5 Comments / / Jan 29, 2014 at 2:51 PM
  • Amy Chua: She's baaaaaaack!

    Abortion, Association of American Law Schools, Biglaw, Books, Conferences / Symposia, Football, Gender, Intellectual Property, Jed Rubenfeld, Law Schools, Racism, Securities and Exchange Commission, Securities Law, Sports, Tax Law, Trademarks

    Morning Docket: 01.06.14

    * “Either access to abortion will be dramatically restricted in the coming year or perhaps the pushback will begin.” We’re moving back in history. Here’s hoping pro-choice advocacy will be born anew in 2014. [New York Times]

    * George S. Canellos, the SEC’s co-chief of enforcement, announced his departure on Friday, and people are already wondering whether he’ll return to his old stomping grounds at Milbank Tweed. [DealBook / New York Times]

    * We hope legal educators had fun at the Association of American Law Schools annual meeting, but we hope most of all that they learned what needs to change to really make legal education pay. [WSJ Law Blog]

    * “I believe women lawyers can contribute a lot to the legal system.” Saudi Arabia now has its first female law firm dedicated to bringing women’s issues to the country’s patriarchal courts. Congratulations! [RT]

    * A Starbucks spokeswoman issued a defense to the cease-and-desist response letter that went viral worldwide, and it reads just like how her company’s coffee tastes: bland. [International Business Times]

    * Amy “Tiger Mom” Chua is back with a vengeance, co-authoring a controversial new book (affiliate link) with her husband, Jed Rubenfeld. Which cultural groups are superior? [New York Post]

    8 Comments / / Jan 6, 2014 at 9:28 AM
  • The guy in today's story didn't dress up like Gumby, but it's still an amazingly stupid disguise.

    9th Circuit, Biglaw, Blogging, CIA, Federal Judges, George Bush, Lateral Moves, Law School Deans, Law Schools, Non-Sequiturs, Partner Issues, Tax Law

    Non-Sequiturs: 01.02.14

    * Man tried to rob a convenience store so he could go back to prison. And he almost screwed that up… [KMOV]

    * The CIA’s former lawyer explains how torture came to be a go-to national policy. According to John Rizzo, author of the forthcoming Company Man (affiliate link), George W. Bush basically had no conception of what was going on, which makes a lot of sense anyway. [The New Yorker]

    * Brooklyn Law’s Dean Nick Allard makes predictions for law schools in 2014. “[P]eople will look back at 2014 and say it marked the start of the new world of law: a renaissance where the respect and reputation of lawyers and law schools began to rise by measurable benchmarks.” Go ahead and laugh, I’ll wait. [TaxProf Blog]

    * Paul, Weiss picks up tax partner Scott Sontag from Weil Gotshal. (Congrats to both firms, by the way, on tying for the #9 spot in our list of top-ranked law firms for 2013.) [Paul, Weiss]

    * Nooooooooooooo! Judge Richard Kopf is ending his blog. [Hercules and the Umpire]

    * And the hits keep on coming. Professor Kyle Graham is also leaving the blogosphere. [Non Curat Lex]

    * The Ninth Circuit will start streaming all of its oral arguments next week. If you want to help them out, tune in. No promises that the panel will excoriate any prosecutors this time. [Ninth Circuit]

    1 Comment / / Jan 2, 2014 at 4:47 PM
  • Megyn Kelly

    Benchslaps, Biglaw, Media and Journalism, Money, Morning Docket, Partner Issues, Tax Law

    Morning Docket: 12.27.13

    * Watch out, Biglaw, the tax man is coming for you. If this bill goes through, it could put a hurting on partners’ pocketbooks at law firms with more than $10 million in gross receipts. [Blog of Legal Times]

    * International firms are just discovering Africa, and are moving quickly to set up shops there. Before opening up your firm, take a quick lesson from DLA Piper: Africa is a continent, not a country. [Am Law Daily]

    * Juan Monteverde, one of our Lawyer of the Year nominees, received a very public spanking from Chancellor Leo Strine of the Delaware Court of Chancery over outsized attorneys’ fees in a “dubious” shareholder suit. Ouch, that’s really gotta sting. [WSJ Law Blog (sub. req.)]

    * Oh mon dieu, BU Law set up an exchange program between a law school and a foreign management school. Students might not get jobs out of it, but at least they’ll get to go to Paris. [National Law Journal]

    * Politico has put together a fun little list of the ten journalists to watch in 2014, and a few lawyers made the cut, including Glenn Greenwald, Ronan Farrow, and Megyn Kelly. Congratulations, everyone! [Politico]

    0 Comments / / Dec 27, 2013 at 9:02 AM
  • Ropes Gray LLP small logo

    Biglaw, Bonuses, Lateral Moves, Money, Partner Issues, Tax Law, United Kingdom / Great Britain

    Associate Bonus And New Partner Watch: Ropes & Gray (Plus A Weil Partner Pick-Up)

    Are this firm’s bonuses higher than the market rate? Just a tad, for some.

    1 Comment / / Dec 11, 2013 at 3:01 PM
  • thumbs-up

  • hourglass2

    Arnold & Porter, Bankruptcy, Biglaw, Billable Hours, Career Files, Intellectual Property, Labor / Employment, Law Students, Litigators, Rankings, Reader Polls

    The Best Of Hours, The Worst Of Hours: ATL Survey Ratings

    According to the ATL Insider Survey, which practice areas and law firms offer the best (and the worst) hours?

    7 Comments / / Nov 26, 2013 at 3:45 PM
  • angry-judge-e1337103378136-RF

    Attorney Misconduct, Crime, Legal Ethics, Money, Plaintiffs Firms, Politics, Reader Polls, Tax Law

    Lawyers Of The Day: Attorneys Allegedly Acting Up

    Allegations of a high-ranking government lawyer abusing the perks of his office, a tax lawyer engaging in tax fraud, and a real estate lawyer stealing $4 million — who should be Lawyer of the Day?

    14 Comments / / Oct 18, 2013 at 2:31 PM
  • iStock_000016927465XSmall-RF

    Drinking, Intellectual Property, Non-Sequiturs, Patents, State Judges, State Judges Are Clowns, Tax Law

    Non-Sequiturs: 10.03.13

    * The author of Great Response to a Cease & Desist Letter fame sent the ATL office some glitter pens because Staci asked for one in the comments. Keep being awesome Andrew Delaney! [Twitter]

    * Tired of the National Zoo Panda Cam? A USPTO attorney has created the Substitute Panda Cam. I wonder if the cam will survive the shutdown. [Substitute Panda Cam]

    * Well, wonder no more! Here’s a rundown of how the shutdown is treating the intellectual property world. [Patently-O]

    * So if you’re part of the intellectual property legal regime that’s shut down (or any government employee off because of the shutdown), here’s a list of all the drinking specials in D.C. you can use to fill your day. [Washington Post]

    * An update on Bike Dude. [Racked]

    * Some advice on handling terrible clients. Alternate title: 50 Shades of Grey. [The Careerist]

    * St. Charles Parish Judge Michele Morel has finally agreed to recuse herself in a trial over the rape of a 10-year-old girl. And why should she have recuse herself? Just because she has a personal relationship with the defendant’s family? Pshaw! [Times-Picayune]

    * Happy 100th birthday to income tax! Back then, someone with around $12 million (in 2013 dollars) paid about 7 percent in taxes. Meanwhile, today that same person would pay… well, with deductions and carried interest exceptions, probably about 7 percent. [TaxProf Blog]

    0 Comments / / Oct 3, 2013 at 5:00 PM
  • welcome-to-new-jersey1

    Biglaw, Department of Justice, Federal Judges, Gay Marriage, Law Schools, Layoffs, Morning Docket, New Jersey, SCOTUS, Severance, Sexual Harassment, Supreme Court, Tax Law, Women's Issues

    Morning Docket: 10.02.13

    * Lawyers from the DOJ are literally begging judges to stay their litigation cases because they’re not allowed to work unless it’s an emergency. How very lucky for U.S. Air. [Blog of Legal Times]

    * FYI, the IRS wants to further screw victims of layoffs. If you were recently laid off and received a severance package from your firm, this is a SCOTUS case you’ll want to follow this Term. [Reuters]

    * Which Biglaw firm has the best brand in the world? We’ll give you a hint: it’s not the new top dog on the Am Law Global 100 (and that glorious firm didn’t even finish in second place). We’ll have more on this later. [Am Law Daily]

    * Yet another Biglaw firm just elected its first woman chair ever. Congratulations to Jami Wintz McKeon, the power litigatrix who will lead Morgan Lewis to great success in the coming years. [Am Law Daily]

    * Thanks to a $5 million gift from an alumnus, UChi Law is going to be able to create a business leadership program at the school. Yay! [DealBook / New York Times]

    * Some corporate “girl on girl action”: ex-employees of the National Association of Professional Women are now suing the organization over a female manager’s sexual harassment. [DealBook / New York Times]

    * New Jersey’s AG is desperately trying to delay the issuance of same-sex marriage licenses after a trial judge’s ruling last week. At this point, the Garden State’s arguments are just livin’ on a prayer. [Bloomberg]

    5 Comments / / Oct 2, 2013 at 9:12 AM
  • HAL9000.svg

    Bernie Madoff, Non-Sequiturs, SCOTUS, State Judges, State Judges Are Clowns, Supreme Court, Tax Law, Television

    Non-Sequiturs: 09.27.13

    * Big data is coming for the law. I, for one, welcome our new computer overlords. [Associate’s Mind]

    * Judge tells a Sikh man to “remove that rag” or go to jail. Guess which state! [ACLU]

    * The feds are at it again, posting a job opening for an uncompensated “Special Assistant U.S. Attorney.” Finally a government job that contract employers can point to and say, “See, $10/hour isn’t so bad…” [A Connecticut Law Blog]

    * Law firms are getting out-hustled by a number of other service providers. [ABA Journal]

    * Lawyers are terrible leaders. And if you don’t understand business, you can’t really be a good advocate. This also explains why firms are getting out-hustled per the prior item. [Fashion Law Blog]

    * The Supreme Court Historical Society & The Historical Society of the New York Courts Present are hosting a CLE event called “Learned in the Law: Role of the U.S. Solicitor General…a New York Point of View” on October 25. Tickets are $30. [Historical Society of the New York Courts]

    * Paul Konigsberg, Bernie Madoff’s tax lawyer, has been arrested. Hopefully he won’t get screwed. [Crain’s New York Business]

    * Is the series finale of Breaking Bad a trade secret? A better question is whether the recipe for Blue Sky is a trade secret. Video after the jump….

    3 Comments / / Sep 27, 2013 at 4:31 PM
  • Johnny_Manziel_in_Kyle_Field

    Canada, Football, Legal Ethics, Non-Sequiturs, Rape, Tax Law

    Non-Sequiturs: 09.16.13

    * Johnny Football failed to defeat Alabama on Saturday (though he was gentlemanly enough to keep Bama from covering the spread), but now he has a tougher foe in the IRS. [TaxProf Blog]

    * Don’t be that guy who takes naked pictures of your girlfriend. And definitely don’t be that guy who takes naked pictures of his 16-year-old girlfriend while married to the girl’s older sister. In other words, don’t be this lawyer. [Legal Profession Blog]

    * Are you an attorney on LinkedIn? Have people been endorsing your legal skills? Congratulations, you’re probably violating an ethical obligation! [IT-Lex]

    * Another round-up of people with law degrees who decided to be famous for something other than lawyering. When the list kicks off with Geraldo Rivera and Jerry Springer, you know you’re in for a classy list. [Millington Star]

    * One year later, a look at how the Steubenville rape case has affected the town. [Jezebel]

    * The world of litigation finance suffers some setbacks as it turns out lawsuits might be the only investment less stable than the Twitter IPO. [Wall Street Journal]

    * Time for some more legally themed poetry! This time, let’s get all Edgar Allan Poe up in here. [Poetic Justice]

    * Following up on our event in Toronto last week, Bruce MacEwen recapped the evening’s discussion here. [Adam Smith, Esq.]

    4 Comments / / Sep 16, 2013 at 5:00 PM
  • Tim Gunn Make It Work

    Biglaw, Fashion, Fashion Is Fun, Gender, In-House Counsel, Lateral Moves, Law Schools, Mergers and Acquisitions, Morning Docket, Sports, Tax Law, Women's Issues

    Morning Docket: 09.10.13

    * Even at the top of the in-house food chain, women lawyers are still paid less than their male counterparts. But hey, at least they’re not being forced to cry poverty like their in-house staff attorney brethren. [Corporate Counsel]

    * Neil Barofsky, the former King of TARP in the United States, is making the move to Jenner & Block, specifically because as opposed to all other firms, “Jenner took the side of really getting to the truth of the matter.” [Reuters]

    * Luxury fashion is fun: four Biglaw firms, including Cleary Gottlieb, Cravath, Torys, and Proskauer Rose, all took Tim Gunn’s mantra to heart to make it work for the $6 billion sale of Neiman Marcus. [Am Law Daily (sub. req.)]

    * If you want to try some lawyer, we hear that they taste great when poached this time of year. Speaking of which, Troutman Sanders just reeled in three attorneys from Hunton & Williams. [Richmond BizSense]

    * Law schools in the Dakotas are renovating their buildings in the hope of enrolling more students. Luckily, South Dakota has that sweet indentured servitude plan. [Prairie Business; National Law Journal (sub. req.)]

    * If you’re thinking of applying to law school, here’s a plan of attack for the month of September. That’s right, friends, you can start gunning right now! [Law Admissions Lowdown / U.S. News & World Report]

    * Are you ready for some tax law?! The NFL and other professional sports leagues might lose their nonprofit status if new tax reform legislation makes it through the House and the Senate. [Businessweek]

    1 Comment / / Sep 10, 2013 at 9:03 AM
  • 220px-Hasan_nidal

    American Bar Association / ABA, Barack Obama, Clerkships, Intellectual Property, Law Schools, Marijuana, Non-Sequiturs, Rape, Tax Law

    Non-Sequiturs: 08.28.13

    * Fort Hood shooter Major Nidal Hasan gets the death penalty. Looks like that gradual end of the death penalty won’t be fast enough for him. [CNN]

    * Man gets 30 days in jail for raping a 14-year-old who later killed herself. The judge explained that he’d already been punished with “the scarlet letter of the internet.” The new sentencing guidelines are really web-literate. [Jezebel]

    * The “most intimidating man in hip-hop” is a Columbia Law grad. Hip-hop has come a long way from allegedly dangling rappers off hotel balconies. [GQ]

    * Infilaw is taking over Charleston School of Law eliminating all the pretense. [Post and Courier]

    * On that note, Steven J. Harper discusses President Obama’s call to eliminate the third year of law school. Simpler Harper: Law schools and the ABA are too vested in ripping off students to listen to reason. [Chronicle of Higher Education]

    * The Internet Strikes Back: A new crowdsourcing tool tracks IP trolls. [Technology Law Source]

    * A call for former law clerks to fight for an end to sequestration. [Judicial Clerk Review]

    * The state-legal yet federal-illegal status of medical marijuana leads to some very complex tax returns. You should smoke up to take the edge off. [TaxProf Blog]

    * For those beginning law school, here’s some advice from the National Women Law Students’ Organization. [Ms. JD]

    2 Comments / / Aug 28, 2013 at 5:00 PM
  • 220px-Sen_Chuck_Grassley_official-RF

    Tax Law

    Senator Says Mean Law School Is Ignoring Him

    Charles Grassley wants documents from NYU. Charles Grassley is not getting documents from NYU.

    17 Comments / / Jul 12, 2013 at 4:51 PM
  • ObamaCare Doc

    American Bar Association / ABA, Attorney Misconduct, Deaths, Divorce Train Wrecks, Gay, Gay Marriage, Health Care / Medicine, Law Professors, Law Schools, Legal Ethics, Morning Docket, SCOTUS, Supreme Court, Tax Law, Trials, United Kingdom / Great Britain, Video games

    Morning Docket: 07.03.13

    * The Obama administration has decided to delay the employer health care mandate until 2015. What does that mean for you? Well, since you’re not a business, you still have to purchase health insurance by 2014. Yay. [Economix / New York Times]

    * Untying the knot is harder than it looks: Gay couples stuck in loveless marriages they’ve been unable to dissolve due to changing state residency may be able to find new hope in the Supreme Court’s recent DOMA decision. [New York Times]

    * Clinical professors are pushing the ABA to amend its accreditation standards to require practical skills coursework. Amid faculty purges, they’re committed to do whatever it takes for additional job security. [National Law Journal]

    * If you’re heading to a law school recruitment forum and want to get ahead in the applications process, make your mark by acting professionally, not by dressing like a d-bag. [U.S. News & World Report]

    * “As a parent we’re not always proud of everything they do.” Of course there’s a prosecution inquiry being made into the Don West ice cream cone picture that ended up on Instagram. [Orlando Sentinel]

    * Lawyerly lothario Zenas Zelotes has been suspended from practicing law for five months. He should take his own advice, find an ethics attorney, and make her his girlfriend. [Connecticut Law Journal]

    * When you’re arguing about a video game — online or anywhere — you should probably leave talk of murdering children out of the conversation. You could wind up in jail for months like this guy. [CNN]

    * John Tiley, one of the United Kingdom’s most preeminent tax law professors, RIP. [The Telegraph]

    8 Comments / / Jul 3, 2013 at 9:11 AM
  • tax law RF

    Federal Government, Gay, Gay Marriage, Lesbians, Money, Quote of the Day, SCOTUS, Supreme Court, Tax Law

    Good News For Divorce Lawyers, Bad News For Tax Lawyers?

    How will the Supreme Court’s DOMA decision affect married gay couples? Let us count the ways….

    6 Comments / / Jun 28, 2013 at 4:39 PM
  • Two_Cell_Phones_2

    Guns / Firearms, Law Schools, Movies, Non-Sequiturs, Police, Religion, Tax Law

    Non-Sequiturs: 06.18.13

    * As we noted last week (third item), Judge Rosenbaum recognized that the government was bound to have phone records of the defendant since they were dragnetting the whole friggin’ country. Now the government has responded and predictably claims that this is all classified. [Southern District of Florida Blog]

    * Speaking of follow-ups, remember how NYU Law was using non-profit slush funds to pay for housing for professors? Well, they also provided sweetheart loans for summer houses. [New York Times]

    * The battle rages over the admissibility of audio expert witness testimony in the George Zimmerman trial. At least Howard Greenberg isn’t going to be there to call them all whores. [The Expert Institute]

    * With the NYPD’s “stop and frisk” policy about to get smacked down in federal court, it’s important to remember there’s nothing wrong with “stop and frisk” — just every single way that it’s been applied for over a decade. [Vocativ]

    * For our law professor readers, cognitive psychology says you get more fair results if you grade exams by question rather than grading the whole exam at once. It also means you’re not as likely to find 15 whole exams missing and fail to grade one student’s exam for weeks on end (in fairness, I ran into Professor Winkler and he assures me he eventually graded that exam). [Concurring Opinions]

    * Communications between Superman and a minister in Man of Steel would likely be shielded by Kansas law. A better question is what law are we going to use to prosecute Superman for wontonly demolishing a city? [The Legal Geeks]

    * If you’re living the Bitcoin lifestyle, you’re probably about to get taxed. [TaxProf Blog]

    1 Comment / / Jun 18, 2013 at 5:34 PM