Well, Bausch and Lomb is finally being sold. Oh, there will be some time between now and the closing, but yesterday’s announcement of 800 million dollars in cost cutting would make any in-house attorney nervous.
The cuts are to come largely from the front office and management, all places where lawyers are part of the organization. I know several good people who face a period of real uncertainty as Valeant performs assessment after assessment of where cuts can be made, and then begins to swing the axe.
My town of Rochester has seen more than its fair share of decline in the last decade. Eastman Kodak is a shell of its former self, and now B&L is going to be owned by a Canadian concern; at least, if true to Canadian tradition, they’ll be “nice” about the cuts, right?
* GW Law professor John Banzhaf is calling upon the D.C. City Council to bar local broadcasters from using the term “Redskins.” Two decades after the real emergence of “political correctness,” the “Redskins” name has held out against that all-out assault almost as long as the actual Native American society did against Phil Sheridan. [Huffington Post]
* People are still talking about the Yahoo!/Tumblr deal, but the most important deal for the legal profession has slid under the radar. Seamless and GrubHub are merging to make all your “3 a.m. and still haven’t had dinner at the office” dreams come true. [Wall Street Journal]
* Vivia Chen of The Careerist got some flack for suggesting that women taking their husbands’ names was a regressive trend. In (tongue-in-cheek) fairness, here are the good reasons to take your husband’s name. Example: “When you’ve been indicted or convicted.” [The Careerist]
* U. Chicago Law scheduled finals during Memorial Day weekend… while Chicago is closing Lake Shore Drive and cutting back on public transit. UChiLawGo responds. [UChiLawGo]
* A gospel singer is suing McDonald’s because she lost her voice. Normally I’d make fun of this, but she sounds like she has a good argument. [The Inquisitr]
* Elie explains why the racist, nasty comments we receive don’t faze us at all. [Paidcontent.org]
* Well this is a novel use of fundraising: Speculation that Tim Lambesis (who we covered yesterday) used crowdfunding for a new Austrian Death Machine Schwarzenegger tribute album as the down payment on a hitman to murder his wife. Maybe this new album was going to have a Total Recall theme? [Metal Sucks]
* Stephen Colbert sits down with Caplin & Drysdale’s Trevor Potter to discuss the fact that Colbert’s SuperPAC has never been approved by the IRS. Video after the jump…
“In four minutes, it would be another hour; a half hour after that was the ten-minute break. Lane Dean imagined himself running around on the break, waving his arms and shouting gibberish and holding ten cigarettes at once in his mouth, like a panpipe. Year after year, a face the same color as your desk. Lord Jesus. Coffee wasn’t allowed because of spills on the files, but on the break he’d have a big cup of coffee in each hand while he pictured himself running around the outside grounds, shouting. He knew what he’d really do on the break was sit facing the wall clock in the lounge and, despite prayers and effort, count the seconds tick off until he had to come back and do this again. And again and again and again.”
Yesterday, the New York Times ran a longish piece on just what in the hell was happening at the IRS office in Cincinnati. A Kafkaesque tale of bureaucratic intrigue, the treatment does little to tell us why in the hell we care just what in the hell was happening at the IRS office in Cincinnati. I’ll leave that determination to the qualified pundits and their punditry.
But what the Times article does do is shine a light on what it means to be a lawyer. What it means to others and what it means to us. Completely by accident, the mess at the IRS tells us how important lawyers are. And how impotent we are. This makes little sense even as I type it. But bear with me. Please. It is not often that meaning comes so nicely gift-wrapped.
I’m not sure where vice president Joe Biden is getting his information, but he seems rather confident that a tax can be levied against “violent media.” He may want to check with the Supreme Court, which has ruled against regulating violent video games and found taxing certain varieties of speech differently to be a violation of the First Amendment.
Possibly Biden just got carried away with the jovial spirit of censorship pervading the post-Sandy Hook political climate. Or maybe he was just in an overly-agreeable mood and started making affirmative statements without considering what he was saying…
The settlement with Goldman Sachs was not a glorious episode in the history of the Revenue.
–UK High Court Judge Andrew Nicol, employing the spirit of British understatement in a written opinion dismissing a claim by activists that the tax settlement Her Majesty’s Revenue and Customs made with Goldman Sachs in 2010 was an unlawful “sweetheart deal.”
Ed. note: This is the latest installment of Righteous Indignation, our new column for conservative-minded lawyers.
You probably saw this week’s topic coming. Until the folks at One First Street start tossing Elie and me some fresh meat to tussle over, my indignation — righteous as it is — must be directed elsewhere. Unless EM wants to argue that, when SCOTUS decided that Pelkey’s claim was not preempted by federal law in Dan’s City Used Cars, Inc. v. Pelkey, the Nine were, like, racist or something. (Query: what race is Dan? Where was the supplemental briefing?!)
So. The IRS’s targeting of conservative groups applying for 501(c)(4) status. I couldn’t not talk about this scandal, right?
Truly, I kept avoiding devoting this week’s column to the IRS abuses. Seriously.
For one thing, I was not initially so scandalized by this supposed scandal, though I was appropriately dismayed. Second, this story is still developing. So, I hereby reserve my right to be feverishly pissed off later….
Dear Republicans who are multi-orgasmic over this IRS scandal, just skip this article. Skip the comments. We get it: “OBAMA… had the GOVERNMENT… like, DO STUFF… which PROVES that taxes are bad!!!” Click over to Red State and bathe in the echo chamber. Here, the adults need to have a talk.
My question for the lawyers is this: how are we supposed to check the validity of groups asking for 501(c)(4) tax-exempt status? I mean, let’s look at this “scandal” in the way the justice system will look at it, without all the partisan accusations:
Group asks for 501(c)(4) status.
Group has anti-government message in its very name.
Group doesn’t apply for 527 status as a political organization because???
IRS asks questions to figure out if these groups are really “social welfare” organizations.
I’m open to the possibility that the IRS did something wrong. I’d just like somebody to tell me what the hell they were supposed to do? Just rubber stamp it? Because if that’s true, I certainly think this website is concerned about the “social welfare” and would like to be tax-exempt.
Maybe we should ask the woman in charge of the IRS Exempt Organization Division if we can get tax-exempt status? She’s actually getting an honorary tribute at a law school this weekend…
It looks like it’s been a while — almost a year, oops! — since we last discussed law-related vanity plates. That said, if you’re a fan of the Law License Plates series and you’d like to see more, please send in your photos via email (subject line: “Vanity License Plate”). We have lots to work with, but if we get more quality submissions from our readers, you may see this column pop up more often in the future.
Today, we’ll be writing about the geekiest (and some of the wealthiest) lawyers of all: those who practice tax law. It was a class most people loved to hate during law school, but if you salivated over the Kirby Lumber case and decided to get an LL.M. in taxation, you’re probably quite happy now.
You’re likely working in Biglaw, at a Big Four accounting firm, or teaching the topic at a law school, and any way you slice it, you’re not ashamed to proclaim your profession on your license plate….
The holiday season is upon us, and yet again, you have no idea what to get for the fickle lawyer in your life. We’re here to help. Even if your bonus check hasn’t arrived yet, any one of the gifts we’ve highlighted here could be a worthy substitute until your employer decides to make it rain.
We’ve got an eclectic selection for you to choose from, so settle in by that stack of documents yet to be reviewed and dig in…
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: firstname.lastname@example.org.
We currently have a very exciting and rare type of in-house opening in China at one of the world’s leading internet and social media companies. Our client is looking for an IP Transactional / TMT / Licensing attorney with 2 to 6 years experience. The new hire will be based in Shenzhen or Shanghai. Mandarin is not required (deal documentation will be in English) but is preferred. A solid reason to be in China and a commitment to that market is required of course. This new hire will likely be US qualified (but could also be qualified in UK or other jurisdictions) and with experience and training at a top law firm’s IP transactional / TMT practice and could be currently at a law firm or in-house. Qualified candidates currently Asia based, Europe based or US based will be considered. The new hire’s supervisors in this technology transactions in-house team are very well regarded US trained IP transactional lawyers, with substantial experience at Silicon Valley firms. The culture and atmosphere in this in-house group and the company in general is entrepreneurial, team oriented, and the work is cutting edge, even for a cutting edge industry. The upside of being in an important strategic in-house position in this fast growing and world leading internet company is of the “sky is the limit” variety. Its a very exciting place to be in China for a rising IP transactional lawyer in our opinion, for many reasons beyond the basic info we can share here in this ad / post. This is a special A+ opportunity.
If your firm is in ‘go’ mode when it comes to recruiting lateral partners with loyal clients, then take this quiz to see how well you measure up. Keep track of your ‘yes’ and ‘no’ responses.
1. Does your firm have a clearly defined strategy of practice groups that are priorities of growth for your office? Nothing gets done by random chance, but with a clear vision for the future. Identify the top practice areas for which you wish to add lateral partners. Seek input from practice group leaders and get specifics on needs, outcomes, and ideal target profiles.
2. In addition to clarifying your firm’s growth strategy, are you still open to the hire of a partner outside of your plan? I’ve made several placements that fit this category. The partner’s practice was not within the strategic growth plan of my client, but once the two parties started talking with each other, we all saw how it could indeed be a seamless fit. Be open to “Opportunistic Hires.” You never know where your next producing partner might come from, so you have to be open to it. I will be the first to admit that there is a quirky element of randomness in recruiting.
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