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Pop Quiz: Is Your Firm’s Accounting Unwell?
PwC and Above the Law bring you this bookkeeping checkup.
PwC and Above the Law bring you this bookkeeping checkup.
Above the Law has teamed up with PwC to create a quiz that will test you on the strength of your bookkeeping practices — a need-to-know part of operating a law firm. Take the quick and fun quiz here!
Want more time for what matters most? MyCase streamlines your firm so you can focus on winning cases. See how much time you could save with our Law Firm Time Savings Calculator—try it now!
Above the Law has teamed up with PwC to create a quiz that will test you on the health of your firm's accounting. Are you on the right track?
Above the Law has teamed up with PwC to create a quiz that will test you on the basics of accounting. Do you have what it takes?
Finding a good accountant is as integral to running a successful law practice as picking the right banking relationship or malpractice insurance provider.
* Donald Trump Jr. has reached an agreement for “limited” testimony before the Senate Intelligence Committee, where he’ll discuss no more than a handful of topics for no longer than two-to-four hours. But will he plead the Fifth? [New York Times] * Just when you thought Georgia’s fetal heartbeat law was too extreme, Alabama shows up with a near total abortion ban like it’s some race to see which state can get Roe v. Wade overturned the quickest at the Supreme Court. [NBC News] * Can President Trump actually can block his accountants from complying with a congressional subpoena? Based on the way Judge Amit Mehta skeptically grilled Trump’s lawyer during yesterday’s hearing, we’re not too sure things will go the president’s way. [National Law Journal] * Claire Murray, a former partner at Kirkland & Ellis, has been appointed by AG Bill Barr as principal deputy associate AG, the Justice Department’s third in command. The Biglaw firm seems to be taking over Main Justice. Congratulations! [Big Law Business] * In case you missed it, this global law firm is reportedly facing a “cash flow crunch” that’s causing it to struggle to pay its partners and think about cutting ties with “substantially underperforming partners.” [American Lawyer] * Professor Ron Sullivan of Harvard Law, the soon-to-be former faculty dean of an undergraduate house at Harvard, has stepped down as a member of Harvey Weinstein’s criminal defense team, claiming that the case will “conflict with his teaching responsibilities.” [CNN]
Here's how you can spend more time practicing law, and less time sorting, sifting, and summarizing.
Are you an associate seeking to improve your knowledge of finance and accounting, or a partner looking to educate your associates about these subjects? Train up with this expert boot camp.
* Earlier this week, Justice Samuel Alito blocked a Louisiana abortion law, and now a divided Supreme Court has done the same, with Chief Justice John Roberts joining with the Court's liberals to protect women's right to choose without undue burdens. Justice Brett Kavanaugh penned the dissent -- so much for "precedent on precedent." [USA Today] * After some back and forth over the threat of a subpoena, Acting Attorney General Matt Whitaker has agreed to testify publicly on the Mueller probe before the House Judiciary Committee bright and early tomorrow morning. [Washington Post] * "There’s no doubt that the talent wars in tax have definitely heated up." As it turns out, the Tax Cuts and Jobs Act is really living up to its name in that it's creating a lot of new jobs -- for tax lawyers and accountants, that is. [Wall Street Journal] * "I always thought of him as a good lawyer. I’m not so sure I think the same thing about him today." Now that he's serving as Trump's counsel, New York lawyers simply "don't understand" who the new and improved(?) Rudy Giuliani is. [Law.com] * Students at Harvard Law really want the school to continue its support of a pilot federal clerk hiring program that prevents judges from offering clerkships until applicants have completed their second year of school. [Harvard Crimson] * Lawyers representing Nick Sandmann, the Covington Catholic student who went viral after his run-in with a Native American elder during a D.C. protest, have sent an evidence-preservation letter to CNN prior to suing for defamation. [Daily Report]
Running a small law firm requires more than just superior legal skills.
The existential threat to law firms may not be technology after all.
How to make the right decision, and why there might be another way to shape a fulfilling legal career on your own terms.
'Big Four' accounting behemoths are opening law firms. Biglaw should be scared.
* So now we're going to save DACA? Honestly, watching a White House with no coherent vision is exhausting. [Los Angeles Times] * Trump's FEC nominee raises eyebrows because his Twitter feed includes linking to articles explaining that “Protestantism is poison.” That's an unexpected wrinkle in 2017, but then again... nobody expects the Spanish Inquisition! [National Law Journal] * Do the Big 4 accounting firms pose a threat to Biglaw? Um, yes! [Am Law Daily] * Squire Patton Boggs isn't entitled to squirepattonboggs.net according to an international arbitration panel. Put aside the merits of this decision and spend a few minutes cruising squirepattonboggs.net. It's kind of hilarious. [Asian Lawyer] * A new online program promises to help women get out of Biglaw. [Law.com] * Yesterday, jurors heard that employees of payday lender AMG Services were fed weather reports so they could make small talk without revealing that they weren't really on the tribal lands that offered them legal cover. You've got to appreciate how thorough they were. [Law360] * Attorney sentenced for orchestrating a scheme that swindled NFL players. [Chicago Tribune]
This makes no sense economically, as columnist Mark Herrmann explains.
It's tax time. What can lawyers learn from accountants about business development and client service?
Among the possible impending disruptors analyzed by Bruce MacEwen's Tomorrowland include the Big Four accounting firms grabbing market share from Biglaw.