Back In The Race: Should You Let Your Clients Pay You In 2016?
It can offer you tax benefits, but you need to consider your client's present and future circumstances.
It can offer you tax benefits, but you need to consider your client's present and future circumstances.
How are you going to tackle your debt after graduation? We seriously hope you have a plan.
This Pro Bono Week, get inspired to give back with PLI’s Pursuing Justice: The Pro Bono Files, a one-of-a-kind podcast hosted by Alicia Aiken.
He's not the first Biglaw partner to run afoul of the tax laws, and he won't be the last.
On this Tax Day, columnist Shannon Achimalbe looks at two payments that are not called taxes but feel like and have the effect of a tax.
* Meet David King of King v. Burwell, the epic Obamacare case to be argued before the U.S. Supreme Court today. [New York Times] * And meet the two legal heavyweights who will be arguing the case before SCOTUS. [Politico via How Appealing] * Meanwhile, another Supreme Court has put a stop to same-sex marriage down in Alabama -- for now. [Buzzfeed] * General David Petraeus reaches a plea deal, requiring him to plead guilty to a misdemeanor and pay a fine (but no prison sentence). [Washington Post] * It's not as sexy as Obamacare or marriage equality, but the collection of state sales tax on out-of-state purchases made online is a pretty important issue -- and Justice Kennedy wants SCOTUS to revisit it. [How Appealing (linkwrap)] * In the wake of a leadership shake-up, Cadwalader is beefing up its Houston energy practice -- but is that a wise idea, with the price of oil spiraling downward? [American Lawyer] * Finally, something that Elie Mystal and Jordan Weissmann can agree upon: dropping the LSAT is a bad idea. [Slate] * A jury of eight men and 10 women will start hearing arguments today in the trial of Dzhokhar Tsarnaev, defendant in the Boston Marathon bombing. [How Appealing (linkwrap)] * Legal ethics guru Monroe Freedman, RIP. [ABA Journal]
* How are Nevada and Idaho officials reacting to yesterday’s Ninth Circuit ruling striking down gay marriage bans in those states, and how soon might marriages get underway? [BuzzFeed] * In other LGBT legal news, New York City is likely to make it easier for transgender individuals to amend their birth certificates. [New York Times] * Good news for Joan Orie Melvin, the Pennsylvania Supreme Court justice turned convicted felon: her unorthodox sentence has been stayed (again). [How Appealing] * Eduardo Leite, who has led Baker & McKenzie since 2010, gets another two years at the helm of Biglaw’s biggest firm. [American Lawyer] * Cravath associate Micaela McMurrough scores a victory in tax court for artists. [New York Times] * The ABA has issued a new opinion addressing ethical issues raised during the sale of a law practice. [American Bar Association] * Why do lawyers blog? Tim Baran of Rocket Matter talks to 23 of us. [Legal Productivity]
A new proposal would let wealthy foreign nationals secure an opportunity for a U.S. green card with a $1 million 'gift' to the government, sparking legal and ethical debate.
Wouldn't it be great if the government didn’t spoliate -- er, “recycle” -- any more evidence in the investigation of the IRS?
Can you blame Campaign for Liberty for not wanting to expose its private-citizen donors to retribution, even if that means disregarding IRS demands?
* The Woody Allen-Mia Farrow custody findings were pretty damning. But for legal geeks, the important point is footnote 1, where the opinion shouts out then-clerk, now federal judge Analisa Torres for her role in drafting the opinion. [Huffington Post] * Um… you shouldn’t do that with a sea anemone. [Air Force Court of Criminal Appeals] * Judge Stanwood Duval presided over the criminal trial of a BP engineer arising from the BP oil spill. He forgot to mention that he was a plaintiff in a suit against BP arising from the BP oil spill. Oops.[New Orleans Times-Picayune] * Maybe Harvard needs some new tax lawyers. [Chronicle of Higher Education] * Apparently, the Brits aren’t too thorough with their background checks. A lawyer got exposed for lying about having two Harvard degrees. It only took bar authorities 9 years to figure it out. [Legal Cheek] * Elie weighs in on the McGruff the crime dog story from last week. [ATL Redline] * And part of the problem with the background check may start at the law school stage — the U.K. doesn’t consider criminal convictions for fraud in the U.S. as “relevant” for future practitioners of law. One tipster wonders if Stephen Glass should try his luck outside America? [New York Times] * UNLV Professor Nancy Rapoport offers some mixed thoughts on the Santa Clara professor’s “Local Rules.” [Nancy Rapoport's Blogspot] * Mathew Martoma’s conviction probably doesn’t mean all that much. Except to him, of course. For him it means some quality time in federal prison. [Dealbreaker]
How did the 200 largest law firms in the country apportion their new partners among practice areas?
Those who’ve adopted legal-specific systems are seeing big benefits.
* Woody Allen’s lawyer, Elkan Abramowitz, responds to Dylan Farrow’s account of alleged sexual abuse at the hands of her famous father. [Gawker; Gothamist] * Sound advice from Professor Glenn Reynolds on how not to increase applications to your law school. [Instapundit] * What is a “nitro dump,” and will it provide information about who (or what) killed Philip Seymour Hoffman? [ATL Redline] * “Is Elena Kagan a ‘paranoid libertarian?’ Judging by [Cass] Sunstein’s definition, the answer is yes.” [Reason via Althouse] * A petition of possible interest to debt-laden law school graduates: “Increase the student loan interest deduction from $2,500 to the interest actually paid.” [WhiteHouse.gov] * Vivia Chen wonders: Is Amy Chua, co-author of The Triple Package (affiliate link), being attacked as racist in a way that it itself racist? [Time] * Yikes — journalists around the country have been receiving “a flurry of subpoenas in recent months,” according to Jeff Kosseff of Covington & Burling. [InsideTechMedia] * Congratulations to Orrick’s 15 new partners — an impressively diverse group, from a wide range of practice areas and from offices around the world. [Orrick Herrington & Sutcliffe]
Are this firm's bonuses higher than the market rate? Just a tad, for some.
The most underrated practice groups in Biglaw, according to the ATL readership.
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?
How will the Supreme Court's DOMA decision affect married gay couples? Let us count the ways....