Tax Law

  • Mark Cuban

    Abortion, Bankruptcy, Biglaw, Deaths, Dewey & LeBoeuf, Insider Trading, Law Professors, Law Schools, Money, Morning Docket, Partner Issues, Securities and Exchange Commission, Tax Law

    Morning Docket: 03.06.13

    * Dewey was quick about getting its Chapter 11 plan confirmed, but all of these unfinished business claims are taking a little longer to resolve than previously hoped. But hey, at least Paul Hastings settled. [Am Law Daily]

    * Because sometimes profit sharing isn’t enough: Theodore Freedman, a former Kirkland & Ellis partner, pleaded guilty to tax fraud after underreporting his partnership income by more than $2M. [New York Law Journal]

    * Here are some tips if you’re trying to get off a law school’s wait list. Apparently it’s wise to wait patiently instead of being a complete gunner from the get go. [Law Admissions Lowdown / U.S. News & World Report]

    * Imagine a land filled with millions of little Honey Boo Boos. That’s what the great state of Arkansas is going to look like if the legislature passes the most restrictive abortion law in the country. [WSJ Law Blog (sub. req.)]

    * Not only do the Mavericks suck, but Mark Cuban’s luck in court does, too. His bid to toss an insider trading case was denied. He’d probably jump over the bench and have a fit if he could. [DealBook / New York Times]

    * Dawn Clark Netsch, beloved Illinois pol and one of the nation’s first female law profs, RIP. [Chicago Tribune]

    1 Comment / / Mar 6, 2013 at 9:09 AM
  • blowing smoke RF

    Drugs, Marijuana, Quote of the Day, Tax Law

    Pot Profits Are Up in Smoke Thanks to This Tax Law

    Thinking about opening a medical marijuana dispensary? Think again.

    6 Comments / / Feb 25, 2013 at 4:22 PM
  • Antitrust, Antonin Scalia, Barack Obama, Constitutional Law, Job Searches, Legal Research, Rankings, Tax Law

    Non-Sequiturs: 02.13.13

    * Antonin Scalia thinks the State of the Union is a “childish spectacle.” I mean, if it was so important, the Founders would have put it in the Constitution, right? [New York Daily News]

    * Does your son or daughter want to be Barack Obama when they grow up? Here are complete instructions to building your own play drone! [Volokh Conspiracy]

    * Snickers bars are not tax deductible? Damn you H&R Block!!! [Tax Prof Blog]

    * Yesterday I mused about needing a ranking for the rankings. PrawfsBlawg points out that there is such a ranking. My dreams of glory are dashed yet again. [PrawfsBlawg]

    * It turns out recruiters are just as unimpressed with your legal research skills as your non-law friends. [Monster]

    * Allegedly, Nestle’s does not play well with others. [Courthouse News Service]

    * Is it just me or is giving the Republican response like being named the Madden cover athlete? Now let’s all watch Marco Rubio realize he needs water in super slow motion. [Deadspin]

    6 Comments / / Feb 13, 2013 at 5:15 PM
  • Justice never sleeps... except at the SOTU.

    Bankruptcy, Biglaw, Career Alternatives, Crime, Department of Justice, Dewey & LeBoeuf, Gay, Gay Marriage, Law Schools, Money, Morning Docket, Partner Issues, Tax Law

    Morning Docket: 02.11.13

    * “You just sit there, looking stupid.” The justices of the Supreme Court aren’t required to show up and look like “potted plants” at the State of the Union address, but some of them do every year. [CNN]

    * Well, thanks to the DOJ’s fraud lawsuit filed against ratings agency Standard & Poor’s, it’s starting to look a lot like a litigation gang bang up in here as far as the states are concerned. [Bloomberg]

    * Dewey know whether D&L’s retirees are still kicking (legally speaking) or if they’ve decided to send their claims to hospice? We certainly do, and we’ll have more on this later. [Am Law Daily]

    * That “death and taxes” thing may be true, but when you’re trying to navigate the U.S. tax code as a married same-sex couple and the government won’t even recognize your union, there’s an uncomfortable air of uncertainty. [New York Times]

    * “Have we seceded already? The execution is faster than I thought.” Guess which state in the Deep South accidentally raised a Confederate battle flag over the building that houses its Supreme Court. [Clarion-Ledger]

    * Mama said knock you out: if you’re trying to figure out how to get a job after graduating from New England Law School, moonlighting as a champion boxer will help you beat down the competition. [Boston Herald]

    0 Comments / / Feb 11, 2013 at 9:01 AM
  • gay marriage RF

    Adoption, Alston & Bird, Arnold & Porter, Biglaw, Gay, Gay Marriage, Health Care / Medicine, Insurance, Money, Perks / Fringe Benefits, Tax Law

    Biglaw Perk Watch: Adoption Benefits
    (Plus an update on the gay gross-up.)

    Which major law firms offer benefits that cover adoption and/or surrogacy costs? Plus an update on the gay gross-up (aka “tax equalization for same-sex health benefits”).

    9 Comments / / Feb 7, 2013 at 2:08 PM
  • gay marriage RF

    Akin Gump, Biglaw, Gay, Gay Marriage, Health Care / Medicine, Insurance, Money, Perks / Fringe Benefits, Tax Law

    Biglaw Perk Watch: Tax Equalization for Same-Sex Health Benefits

    Which major law firms now offer the tax offset for domestic partner health benefits?

    0 Comments / / Jan 28, 2013 at 1:28 PM
  • dartboard pen on target inside straight

    Biglaw, In-House Counsel, Partner Issues, Tax Law, United Kingdom / Great Britain

    Inside Straight: The Best Things I Heard in 2012

    In-house columnist Mark Herrmann reminisces about 2012.

    4 Comments / / Jan 7, 2013 at 10:16 AM
  • mud-runner

    Biglaw, Bloomberg, Career Alternatives, In-House Counsel, Tax Law, Videos, YouTube

    Career Alternatives for Attorneys: Tough Mudder

    Learn how this former tax attorney gets thousands of people to pay to torture themselves in 10-12 mile physical endurance events.

    7 Comments / / Dec 26, 2012 at 10:34 AM
  • Pro bono for clients, but not for students.

    American Bar Association / ABA, Biglaw, Deaths, Dewey & LeBoeuf, Guns / Firearms, Law Firm Mergers, Law Schools, Morning Docket, SCOTUS, Student Loans, Supreme Court, Tax Law

    Morning Docket: 12.18.12

    * Change may be coming soon in light of the Newtown shooting, but any talk about new federal restrictions on guns will hinge on the Supreme Court’s interpretation of the Second Amendment through the lens of the Heller case. [National Law Journal]

    * Joel Sanders and the Steves are facing yet another “frivolous” lawsuit over their alleged misconduct while at the helm of the sinking S.S. Dewey, but this time in a multi-million dollar case filed by Aviva Life and Annuity over a 2010 bond offering. [Am Law Daily]

    * Always a bridesmaid, never a bride: Pillsbury has had the urge to merge since February, and now the firm may finally get a chance to walk down the aisle with Dickstein Shapiro. [Thomson Reuters News & Insight]

    * Income-based repayment is a bastion of hope for law school graduates drowning in student loan debt, but when the tax man commeth, and he will, you’ll quickly find out that the IRS doesn’t have IBR. [New York Times]

    * Is the premise of graduating with “zero debt” from a law school that hasn’t been accredited by the ABA something that you should actually consider? Sure, if you don’t mind zero jobs. [U.S. News and World Report]

    * Daniel Inouye, Hawaii’s Senate representative for five decades and a GW Law School graduate, RIP. [CNN]

    5 Comments / / Dec 18, 2012 at 9:02 AM
  • Asians, Books, Federal Judges, Jews, Judicial Nominations, Nancy Grace, New Jersey, S.D.N.Y., State Judges, Tax Law, Videos, YouTube

    Non-Sequiturs: 12.13.12

    * How much could going over the fiscal cliff cost midlevel to senior associates whose bonuses get paid in January? Here’s an estimate. [Thomson Reuters News & Insight]

    * Congratulations to the newest member of the S.D.N.Y. bench: former Debevoise partner Lorna Schofield, the first person of Filipino descent to be confirmed as an Article III judge. [AABANY]

    * Judges in my home state of New Jersey are always so fair-minded. Here’s a great recusal motion, directed at Judge Carol Higbee in the New Jersey Accutane mass tort case. [Reed Smith via Drug and Device Law.]

    * Make sure you don’t murder any babies before signing up to meet Nancy Grace. [Charity Buzz]

    * If you’re looking for a stocking stuffer (affiliate link) for a young lawyer in your life, look no further; Dan Hull has a great recommendation. [What About Clients?]

    If you’re interested in Judaism, Supreme Court clerks, or both, there’s a video for you after the jump….

    I find Orthodox Jews who are boxers or professional basketball players more impressive than Orthodox Jews who clerked for the Supreme Court (shocking, I know). In case you’re curious as to who is the first Orthodox Jewish woman to clerk for the Supreme Court, watch this video….

    2 Comments / / Dec 13, 2012 at 5:36 PM
  • 12 12 12

    Election 2012, Gender, Lindsay Lohan, Non-Sequiturs, Patents, Politics, Sexism, Tax Law

    Non-Sequiturs: 12.12.12

    * It’s 12/12/12. Or as rational people call it, “just another Wednesday already, God.” [ABC News]

    * Elizabeth Warren is going to be on the Senate Banking Committee. Boom. How ya like me now. [Reuters]

    * Do women make better lawyers than men? For some reason this question made me want to make a really sexist joke. But I’m afraid of being yelled at by feminists. Afraid, like a little girl. [Law Frat]

    * Verizon to take on copyright trolls. I hope this leads to a commercial with that Verizon 4G woman playing whack-a-mole in a sun dress. [Torrent Freak]

    * You know what could keep us from falling off the fiscal cliff? The death tax? Mwahahaha. [Tax Prof Blog]

    * SCOTUSblog is looking to hire a good law student or LL.M. student. Qualification #1: you should probably know what SCOTUS refers to. [SCOTUSblog]

    * Lindsey Lohan had her probation revoked. If you are one of the people who care about this story, thus necessitating this mention of it, I hope bad things happen to you this holiday season. I’m serious, if you care about Lindsey Lohan, I hope Santa brings you herpes. [TMZ]

    2 Comments / / Dec 12, 2012 at 5:41 PM
  • Weil Gotshal Manges logo

    Associate Bonus Watch 2012, Biglaw, Bonuses, Money, Tax Law

    Associate Bonus Watch: Weil You Wait

    Weil Gotshal announced its bonuses today. They aren’t a 100 percent Cravath match. When are they being paid?

    8 Comments / / Dec 6, 2012 at 1:07 PM
  • Rob Lowe

    Cars, Football, In-House Counsel, Marijuana, Movies, Murder, Non-Sequiturs, Sports, Tax Law, Television

    Non-Sequiturs: 11.29.12

    * Wait, did other people know this Casey Anthony movie was happening and not tell me? With Rob Lowe? How much would you pay to get drunk and watch it with Nancy Grace? [Lifetime]

    * In America, poorly parked cars get tickets. In Soviet Russia, poorly parked cars get douches. [Legal Blog Watch]

    * Sometimes you can evade consequences associated with evading taxes, and sometimes you can’t. [Going Concern]

    * The George Zimmerman defense fund seems to be alive and well… unlike Trayvon Martin. [NPR]

    * I feel like it would be great if the NFL took marijuana off of its banned substance list. It’s not like the drug is performance enhancing. [The Nation]

    * A leading organization for in-house lawyers weighs in against the sanctions imposed on TD Bank. [Association of Corporate Counsel]

    * Don’t forget to add your résumé to the flood for our open positions on Above the Law. At this point, you might want to send a picture to get our attention. Not of yourself, but you know, Twinkies, peep-toed shoes, something that we actually care about. [Above the Law]

    5 Comments / / Nov 29, 2012 at 5:58 PM
  • Marvin Miller

    Deaths, International Law, Jersey Shore, Labor / Employment, Non-Sequiturs, Sports, Tax Law

    Non-Sequiturs: 11.27.12

    * Legendary union leader Marvin Miller died today at the age of 95. This is a guy who lost a huge case at the Supreme Court fighting against Major League Baseball, and still found a way to win. He wasn’t a lawyer, but he mastered the law. [USA Today]

    * Tax professors weigh in on the fiscal cliff. [Tax Prof Blog]

    * Jersey Shore residents are suing over sand dune protection from storms. They’re not suing because they’re weren’t protected enough, they’re suing because the new sand dunes block their ocean view. [Asbury Park Press]

    * Yahoo! and NBA lawyers might need to talk about what, precisely, the NBA is endorsing. [Marc Edelman Blog]

    * I’m going to go on and vote “no” on the question of whether or not the U.N. should get to “govern” the internet. Wait… I don’t get a “vote” on what the U.N. should do? Well, that sounds like a good reason to go back to not giving a crap about anything the U.N. says. [The Volokh Conspiracy]

    * Looks like the wheel finally came ’round on InTrade. [Dealbreaker]

    * The Justice Resource Center, coordinator of the 2013 NYSBA High School Mock Trial Tournament, seeks voluntary attorney-coaches. Help teach young people about the law — and get CLE credit, too! [Justice Resource Center]

    1 Comment / / Nov 27, 2012 at 5:02 PM
  • growing tax

    Associate Bonus Watch 2012, Biglaw, Bonuses, Money, Tax Law

    Weil Won’t Pay Bonuses Until January: Associates See Sinister Tax Motives

    Did Weil just kick its associates over the fiscal cliff?

    40 Comments / / Nov 27, 2012 at 11:56 AM
  • sit by me pillow

    Antitrust, Bankruptcy, Biglaw, Career Center, Career Files, Intellectual Property, Labor / Employment, Tax Law

    Biglaw’s Most Overrated Firms by Practice Area

    Which firms do Biglaw attorneys think are more sizzle than steak? Check out our survey results and find out!

    14 Comments / / Oct 23, 2012 at 4:41 PM
  • stripper pole dancer

    Entertainment Law, Free Speech, Nude Dancing, State Judges, Tax Law

    New York Judges at Opposite Poles Over Tax Treatment of Nude Dancing

    The New York Court of Appeals just ruled on whether strip clubs can claim a sales tax exemption for admission and lap dance fees. What did the court decide?

    11 Comments / / Oct 23, 2012 at 1:34 PM
  • "Standing with your arms folded is underrated"

    Antitrust, ATL Career Center Survey, Bankruptcy, Biglaw, Career Center, Intellectual Property, Labor / Employment, Litigators, Rankings, Tax Law

    Biglaw’s Most Underrated Firms by Practice Area

    Above the Law readers identify the most underrated firms in a wide range of practice areas, from antitrust to bankruptcy to labor and employment to tax….

    25 Comments / / Oct 16, 2012 at 3:11 PM

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