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Monday, April 16, 2018

LAW360 400

The annual Law360 400 ranks the largest U.S.-based law firms and vereins with a U.S. component by domestic attorney headcount. Read more »

Megafirms Find New Heights In Grounded Market

The biggest of BigLaw are widening the gap between themselves and their rivals, as firms of all sizes grapple with fluctuating demand and seek out their place in the legal landscape. Read more »

How 5 Firms Grew Without Merging

These firms saw double-digit growth in 2017 — one hire at a time. Here, their leaders tell Law360 of their varied approaches to attracting top talent. Read more »

TOP NEWS

Analysis

Text To Be Key As Justices Hear $13.3M Railroad Stock Case

The Supreme Court on Monday will consider whether $13.3 million in stock options are taxable compensation under the Railroad Retirement Tax Act, and experts believe oral arguments and the case itself will hinge on whether “money remuneration” should be broadly or narrowly interpreted. Read more »

Mass. Can’t Tax Out-Of-State Worker Premiums, Court Says

The state of Massachusetts cannot collect taxes on health care premiums paid by companies' out-of-state employees, the state's high court ruled Friday, rejecting the Commissioner of Revenue’s long-standing practice. Read more »

OECD Tax Chief Says Some US Measures Go Beyond Group's

International tax reform measures just passed in the U.S. look much like those recommended in the Organization for Economic Cooperation and Development's project to combat tax base erosion and profit shifting — and some aspects of the U.S. tax bill even exceed the BEPS mandate, the OECD's tax chief, Pascal Saint-Amans, told a conference Friday. Read more »

Feature

Up Next At High Court: Taxing Online Sales, Patent Damages

The U.S. Supreme Court will consider whether to allow states to tax online sales and how to calculate damages in certain patent cases when it returns to the bench this week for the final oral argument session of the 2017-2018 term. Read more »

Taxation With Representation: Skadden, Davis, Kirkland

In this week’s Taxation With Representation, Essendant merged with S.P. Richards in a $680 million deal, Tenneco bought Federal-Mogul for $5.4 billion, and a Morgan Stanley fund purchased Brazos Midstream Holdings’ Delaware Basin oil assets for $1.75 billion. Read more »

FEDERAL

Trump Slams Dems On Taxes As House Punts Vote On Cuts

President Donald Trump criticized Senate Democrats’ tax plan to pay for infrastructure on Friday, even as House GOP leaders pushed back a vote that would make individual cuts in the new federal tax law permanent. Read more »

Gov't Tells Fed. Court To Deny Exxon $337M In Tax Refunds

The U.S. government urged a Texas federal court on Thursday not to hand Exxon Mobil Corp. $337 million in tax refunds in a $1.35 billion dispute over federal fuel credits, saying the oil and gas giant is spinning “fiction” by claiming that a credit constitutes a payment of tax liabilities. Read more »

IRS Gets Quick Win In $2.2M Tax Shelter Lawsuit

The family of a deceased corporate executive lost their $2.2 million lawsuit in a California federal court on Thursday after failing to prove that the IRS had acted in bad faith by approving a lien subordination application in a settlement resulting from the family’s use of a Son of Boss tax shelter. Read more »

STATE & LOCAL

Tax Increment Financing Faces New Scrutiny In Missouri

At a time of increased public interest in how state and local governments use tax dollars to attract development, Missouri lawmakers may bring greater public scrutiny and transparency to a popular funding process known as tax increment financing, or TIF. Read more »

INTERNATIONAL

Slovak Emissions-Trading Tax Flouted EU Scheme, ECJ Says

Slovakia violated European Union rules by imposing an 80 percent tax on the trading of greenhouse-gas emission credits, the bloc’s highest court ruled Thursday. Read more »

PEOPLE

Jones Day Attorney Joins Mayer Brown As Banking Partner

Mayer Brown on Thursday welcomed a former Jones Day attorney to its Chicago office to add to its global private credit group as a banking and finance partner, the firm announced this week. Read more »

Q&A

A Conversation With Baker Botts CMO Gillian Ward

In this monthly series, legal recruiting experts at Major Lindsey & Africa interview law firm management about navigating an increasingly competitive business environment. Here we feature Gillian Ward, chief marketing officer at Baker Botts LLP. Read more »

EXPERT ANALYSIS

New Tax Rules For Termination Payments In UK

New rules aim to simplify the taxation of termination payments and mean that income tax and national insurance contributions must now be paid on all payments which relate to the notice period, says Justin Tarka of Ogletree Deakins Nash Smoak & Stewart PC. Read more »

Opinion

There Is Middle Ground For US Lawyers On AML Regimes

The American Bar Association continues to oppose legislation that would impose certain European Union and U.K. anti-money laundering requirements on U.S. lawyers. The ABA should further consider its approach to this issue as there is a viable middle ground that protects privileged communications and confidential information while advancing the interests of the legal profession, says Matthew O’Hara of Freeborn & Peters LLP. Read more »

LEGAL INDUSTRY

IP Boutiques Tick Down As AIA Settles In

Amid years of attorney migration between intellectual property boutiques and their general practice rivals, the IP specialists saw a slight downtick in 2017, as these firms continued to adjust to practicing under the America Invents Act. Read more »

How 2 Employment Firms Are Pulling Ahead Of The Pack

The two largest employment boutiques are getting bigger at a faster rate than their rivals, according to this year’s Law360 400. Here’s our look at the trends that shaped the sector in 2017. Read more »

Trump Atty Did Little For Squire Patton, Prosecutors Say

Squire Patton Boggs LLP agreed to pay Michael Cohen an annual $500,000 "strategic alliance fee," though the veteran attorney for Donald Trump now under criminal investigation did little other than maintain an independent office and referred only five clients to the firm during the year of the agreement, according to a motion filed by prosecutors in Manhattan federal court on Friday. Read more »

Fired FBI Official Enlists Boies Schiller, May Sue Trump

Fired FBI Deputy Director Andrew McCabe, the subject of a critical U.S. Department of Justice Inspector General report, is working with Boies Schiller Flexner LLP to determine whether to sue President Donald Trump and administration officials for wrongful termination and defamation, McCabe's lawyer said Friday. Read more »

Feature

GC Cheat Sheet: The Hottest Corporate News Of The Week

U.S. Equal Employment Opportunity Commission general counsel nominee Sharon Fast Gustafson during her Senate confirmation hearing declined to state her view on whether Title VII of the Civil Rights Act of 1964 prohibits anti-LGBT bias, the general counsel of The Cheesecake Factory looked back on the changing restaurant industry before she retired Thursday, and the legal services sector finished the first quarter with more than 1,000 fewer jobs than at the end of last year. These are some of the stories in corporate legal news you may have missed. Read more »

Hiscox Says Hack Of US Law Firm Exposed Policyholders

The personal data of up to 1,500 U.S.-based commercial insurance policyholders may have been compromised by a hack at an unnamed "specialist law firm," according to a statement released Friday by Bermuda-based specialist insurer Hiscox Ltd. Read more »

Atty Denied Class Cert. In PACER Document Fee Fight

A Florida federal judge refused Friday to grant certification to a proposed nationwide class of attorneys in a suit alleging the Public Access to Court Electronic Records system improperly charges users for viewing judges’ opinions, ruling it would be too difficult to define and administer such a vast PACER class. Read more »

In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week. Read more »

Podcast

Law360's Pro Say: Jeh Johnson Talks About Cyber Threats

Whether it's Russian meddling, the Equifax breach or Facebook's user-data scandal, every day seems to bring a new cybersecurity crisis. On the latest episode of Law360's Pro Say podcast we're joined by a special guest who knows a lot about cyber threats — former Homeland Security Secretary Jeh Johnson. Read more »

JOBS
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Associate Attorney - Estate Planning Law Monzingo Legal Hartford, Connecticut	Paralegal - Commercial Real Estate Transactions Monzingo Legal Miami, Florida
Associate Attorney - Bankruptcy and Debt Restructuring Monzingo Legal Cedar Rapids, Iowa	Partner - Estate Planning Law Monzingo Legal Naples, Florida
NJ TOP TEN LAW FIRM PARTNER Schoen Legal Search Short Hills, New York	NJ TOP TEN LAW FIRM PARTNER Schoen Legal Search Short Hills, New Jersey
Tax Attorney Chiesa Shahinian & Giantomasi PC West Orange, New Jersey	Trust & Estate Litigation Associate (Mid-Level) Hopkins & Carley Silicon Valley, California
Trust & Estate Litigation Associate (2-4 yrs) Hopkins & Carley Silicon Valley, California

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LAW FIRMS

Brinks Gilson & Lione

Buchalter PC

Buchanan Ingersoll

California Power Law Group

Norton Rose Fulbright

Womble Bond Dickinson

Wood Smith

COMPANIES

Altman Weil Inc.

American Bar Association

Apple Inc.

Arctic Cat Inc.

Association of Corporate Counsel

BP p.l.c.

Bristol-Myers Squibb Company

Burford Capital LLC

Canadian National Railway Company

Emerson Electric Co.

Equifax Inc.

Essendant Inc.

Exxon Mobil Corporation

Facebook

Federal - Mogul Corporation

Genuine Parts Company

Google Inc.

Hiscox

Icahn Enterprises LP

Ion Geophysical Corporation

Johnson & Johnson

Major Lindsey & Africa

Medical Action Industries Inc.

Morgan Stanley

National Federation of Independent Business

New York Times Co.

Novartis AG

Oil States International Inc.

Royal Bank of Canada

S.P. Richards Co. Inc.

Tax Foundation

Tenneco Inc.

The Cheesecake Factory Inc.

Twitter Inc.

VirnetX Holding Corporation

Wayfair LLC

GOVERNMENT AGENCIES

Attorney Registration and Disciplinary Commission

Bureau of Labor Statistics

Delaware Court of Chancery

Equal Employment Opportunity Commission

European Commission

European Union

Federal Bureau of Investigation

Federal Trade Commission

Georgia Supreme Court

Internal Revenue Service

Jamestown S'Klallam Tribe

Lower Elwha Klallam Tribe

Securities and Exchange Commission

Suquamish Tribe

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. House of Representatives

U.S. Senate

U.S. Supreme Court

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