Tax

  • July 24, 2017

    Dems Embark On Agenda To Limit Mergers, Tax Loopholes

    In an effort to turn around recent electoral losses, the Democratic party launched a campaign on Monday that attacks the Republicans’ tax reform goals as enriching the wealthy on the backs of those with lower incomes while promising to limit large mergers, rein in rising drug prices and boost wages.

  • July 24, 2017

    Slapdash ACA Repeal Risks Insurance Market Chaos

    Republicans risk unleashing chaos in health insurance markets if they pursue a headlong vote to repeal the Affordable Care Act without fully vetting a replacement law, experts say.

  • July 24, 2017

    Puerto Rico Bondholders Seek Seat On Creditor Committee

    A group of Puerto Rico bondholders on Friday asked a federal court to allow them on the unsecured creditor’s committee in the commonwealth's bankruptcy, saying they were unfairly excluded.

  • July 24, 2017

    Former Bank Exec Could Face 5 Years Over Tax Conspiracy

    The former vice president of a South Carolina bank faces up to five years in prison after pleading guilty on Monday to providing illegal loans to a staffing company that owed the government millions in unpaid payroll taxes, according to the U.S. Department of Justice.

  • July 24, 2017

    IRS Asks To Stay Court Order Barring Tax Preparer Fees

    Despite a D.C. federal judge’s ruling barring the Internal Revenue Service from regulating tax return preparers, the IRS said Monday that it wants to continue charging them a fee while it decides whether to appeal the judge’s decision.

  • July 24, 2017

    Forever 21 Faces Class Action For Charging NYC Sales Tax

    A Forever 21 customer hit the retail clothing chain with a proposed class action in New York federal court Monday accusing the company of collecting sales taxes from online New York City customers whose orders should have been tax-exempt.

  • July 24, 2017

    Chicago Law Firms In Trademark Fight Over 'O'Keefe' Names

    Two small Chicago law firms, both named “O'Keefe” and both focusing on tax law, are locked in a trademark fight over their shared use of the surname.

  • July 24, 2017

    IRS Piloting Video Conference Tech For Tax Appeals

    Taxpayers and tax lawyers protesting IRS decisions may soon be able to meet with agency representatives from the comfort of their own homes or offices, the IRS revealed on Monday, announcing plans to introduce video conference technology as another alternative to in-person sit-downs.

  • July 24, 2017

    Venezuelan Sentenced For $2.2M Tax Fraud With Hacked Info

    A Venezuelan citizen pled guilty Friday in Pennsylvania federal court to one count of conspiracy to defraud the United States in a case accusing her of filing $2.2 million in false tax returns for more than 900 University of Pittsburgh Medical Center employees after hacking the university’s database.

  • July 24, 2017

    Philippines Strike Record $493M Tax Deal With Tobacco Co.

    The Philippines government has agreed to accept a record settlement of $493 million from Mighty Corp., one of the country’s largest tobacco companies, to end a tax evasion case over missing cigarette stamps, President Rodrigo Duterte said on Monday.

  • July 24, 2017

    Ill. Judge To Rule On Challenge Of County's Soda Tax

    An Illinois judge is set to rule this week on Cook County’s penny-per-ounce soda tax, after extending the stay of the tax one week to allow for a decision on whether the suit by businesses challenging the levy can move forward.

  • July 24, 2017

    Tribe Can’t Revive Claims In Mich. Tobacco Tax Challenge

    A Michigan federal judge refused Friday to reconsider his decision nixing some claims asserted by the Keweenaw Bay Indian Community in challenging state authorities taxing tribal tobacco products, reaffirming the legitimate reach of state tobacco taxes into “ceded” tribal land.

  • July 21, 2017

    The Best Law Firms For Female Partners

    Although women have made some strides toward gender parity in the lower ranks of law firms, breaking into the equity tier remains elusive. These 20 firms, however, are leaders in advancing equality at the top, earning them the designation of Law360 Ceiling Smasher.

  • July 21, 2017

    BigLaw Bias Suits New Wild Card In Fight For Gender Equity

    As gender bias suits pile up against law firms, it remains to be seen how they will impact recruiting in the industry. But some legal experts say firm leaders may want to look at the complaints as blueprints for change.

  • July 21, 2017

    Could An NFL Diversity Rule Be A BigLaw Game-Changer?

    In a bid to elevate more women to positions of authority, law firms are taking a page from the National Football League's playbook.

  • July 21, 2017

    The 2017 Law360 Glass Ceiling Report

    U.S. law firms have long been overwhelmingly dominated by men, particularly at the partnership level, and Law360’s latest Glass Ceiling Report shows that recent progress has been — at best — only incremental.

  • July 21, 2017

    How 4 Firms Are Moving The Needle On Gender Diversity

    A handful of law firms of various sizes and types are outpacing their peers on including women in their ranks. Here’s why four of them are positioned toward the front of the pack.

  • July 21, 2017

    4 Female Perspectives On BigLaw Leadership

    Only a handful of the largest U.S. law firms are led by women. Here, in their own words, are perspectives from Shook Hardy & Bacon Chair Madeleine McDonough, Crowell & Moring Chair Angela Styles, Morgan Lewis & Bockius Chair Jami Wintz McKeon and Goodwin Procter Chair Emeritus Regina Pisa.

  • July 21, 2017

    The Best Law Firms For Female Attorneys

    While the legal industry continues to struggle with gender parity, this year’s Glass Ceiling Report shows that some firms are ahead of the rest. Here, Law360 reveals its third annual ranking of the best law firms for female attorneys, based on their representation of women at the nonpartner and partner levels.

  • July 21, 2017

    Ohio Can’t Tax Del. Trust Over Stock Sale, Justices Told

    A Delaware trust that netted $18 million from the sale of stock in an Ohio trucking logistics company has asked the Supreme Court to prevent the state of Ohio from slapping it with income taxes, arguing the state lacks taxing authority to do so.

Expert Analysis

  • Planning A Legal Career With A Future Relocation In Mind

    Jacqueline Bokser LeFebvre

    Lawyers move to New York City to work on some of the most sophisticated work the legal market has to offer. This exposure and experience is an amazing asset and many of the skills developed will make associates very marketable in the event they consider relocating to another market. However, this isn’t always the case, says Jacqueline Bokser LeFebvre of Major Lindsey & Africa.

  • How Section 1332 Waivers Could Impact Health Care Reform

    Maura Monaghan

    Although Alaska’s Section 1332 “State Innovation Waiver" was the first to be approved by the Trump administration, it almost certainly will not be the last. In the absence of comprehensive health care reform, the administration is likely to promote these waivers as a means of devolving certain health care regulations to the state level, say attorneys with Debevoise & Plimpton LLP.

  • The Elephant In The Room: Advancing Women To Partnership

    Anusia Gillespie

    Despite more focus and investment, the numbers continue to show little progress in advancing women to the top tiers of firm leadership. Considering the irreversible nature of the transformation of the market for top talent, it is time to start experimenting and innovating from the core, rather than from the periphery, say Anusia Gillespie and Scott Westfahl of Harvard Law School.

  • How Midsize Law Firms Can Minimize Cybersecurity Threats

    K. Stefan Chin

    It can be challenging for midsize law firms to develop an enterprise cybersecurity program that mitigates the eminent threat of data breach and meets the regulatory and compliance requirements of the firm and its clients. This challenge becomes daunting when considering the steady rise in client audits, say K. Stefan Chin of Peckar & Abramson PC and John Sweeney of Logicforce.

  • Equity And Incentive Compensation Plans For Startups

    Excerpt from Lexis Practice Advisor
    Jotham Stein

    To effectively advise startups, and the investors that frequently finance them, it is imperative to understand startup equity and incentive compensation structures. Jotham Stein of the Law Offices of Jotham S. Stein PC discusses common compensation practices of investor-backed, Kickstarter-funded and bootstrapped startup enterprises.

  • Weekly Column

    Innovating For Wise Juries: Matching Experts

    Stephen Susman

    In the penultimate installment of this series, Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman of the NYU School of Law Civil Jury Project answer a question on many legal analysts’ minds: What if both sides’ expert witnesses sat in a hot tub discussing the case while a jury watched?

  • Key Factors In Selling Wind Farm Tax Equity Investments

    Jai Khanna

    Recently, a vibrant market has developed for secondary sales of tax equity partnerships that own wind farms in the U.S. However, sellers and purchasers of such membership interests should consider several important points in connection with any sale, say Jai Khanna and Maher Haddad of Baker McKenzie and Paul Vercruyssen, assistant deputy general counsel at Hannon Armstrong.

  • Rebuttal

    The Rise Of Midsize Firms

    Ronald Shechtman

    Recently, this publication featured an op-ed in which one law firm partner contended that midsize firms will be the next casualty of the legal market, due to a supposed inability to compete with BigLaw or boutique firms for business. Though we can expect to see Am Law firms continue to lead the market in megadeals and life-or-death litigations, by all indications midsize is on the rise, says Ronald Shechtman of Pryor Cashman LLP.

  • 5 Questions To Ask Yourself Before Submitting Litigation AFA

    Gregory Lantier

    Outside counsel should be able to articulate why she is proposing an alternative fee arrangement for this matter. If the client has not requested an AFA or the case is unusually difficult to budget with accuracy, this might not be the case to propose an AFA, say attorneys with WilmerHale.

  • How Mobile Apps Can Benefit Your Practice

    Sean Cleary.jpg

    Despite the boom in mobile application development, many lawyers are still reluctant when it comes to using apps in their daily work. Attorney Sean Cleary explores the benefits and shares some recommendations for apps geared toward attorneys.