BigLaw=E2=80=99s brass ring has grown more elusive in recent years, Law36= 0 data shows, and experts say a number of potentially market-changing force= s may be at work.

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Tuesday, April 17, 2018

LAW360 400

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Why BigLaw’s Partnerships Are = Shrinking

BigLaw’s brass ring has grown more elusive in recent years, Law= 360 data shows, and experts say a number of potentially market-changing for= ces may be at work. Read more »

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Dropping Ranks: StroockR= 17;s ‘Shrink To Grow’ Strategy

De-equitized partners. Contracting offices. Declining headcount. The = leaders of Stroock & Stroock & Lavan say it’s all part of the plan &#= 8212; a plan that’s already paying dividends. Read more »

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Dropping Ranks: Lathrop’s Rough P= atch

Lathrop Gage lost more than 15 percent of its attorneys in 2017. Can = a new managing partner help bolster its headcount? Read more »

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Dropping Ranks: Andrews Kurth= ’s Pre-Merger Dip

Andrews Kurth Kenyon saw a more than 12 percent drop in headcount in = the year before its February merger with Hunton & Williams — a story = experts expect to become familiar for regional firms in Texas. Read more »

TOP NEWS

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Feature

On The Road To The = Supreme Court: South Dakota v. Wayfair

As the U.S. Supreme Court hears arguments in the most important state= tax case in two and a half decades on whether states can compel online ret= ailers beyond their borders to collect use tax on sales to their residents,= Law360 provides a look back at South Dakota v. Wayfair, what's at stake an= d the road to come. Read more »

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Analysis

High Court Argume= nts In Wayfair May Reshape Internet Sales

The U.S. Supreme Court is scheduled Tuesday to hear arguments in Sout= h Dakota v. Wayfair, the most pivotal state tax case in decades and one tha= t could change the ways sales are conducted over the internet. Read more »

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Cos. With Overlapp= ing Fiscal Years To Pay Blended Tax Rate

Corporations that have a fiscal year overlapping the months before an= d after the new federal tax law was enacted will pay a blended tax rate, ac= cording to a notice issued Monday by the Internal Revenue Service. Read more »

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Analysis

TCJA Limits Means F= or Inversions, But Incentives Remain

Despite the business-friendly tone of the U.S. tax overhaul, speciali= sts say the new law’s treatment of offshore earnings could still push= some companies to move their headquarters overseas if they can make it ove= r the rising hurdles against inversions. Read more »

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Supreme Court Hears= If $13M In Stock Options Are Taxable

Attorneys for subsidiaries of a Canadian railroad company and the fed= eral government each tried to persuade the U.S. Supreme Court on Monday to = find their interpretation of “money remuneration” under the Rai= lroad Retirement Tax Act appropriate as it related to whether more than $13= million in stock options were considered taxable. Read more »

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Supreme Court Refus= es To Hear Damages Case Against IRS

The U.S. Supreme Court denied certiorari in an order issued Monday, l= etting stand a Seventh Circuit's rejection of a case alleging the IRS impro= perly extended a statute of limitations on assessing back taxes and hid the= fact when negotiating a settlement. Read more »

FEDERAL

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Tax Execs Optimi= stic About New Federal Law, But Want Clarity

Tax executives are largely optimistic about how the U.S. tax overhaul= will increase the competitiveness of their businesses, but they’re w= aiting for regulatory guidance to shed light on several provisions, accordi= ng to a survey released Monday by Miller & Chevalier Chtd. Read more »

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Reject Anadarko's Disco= very Requests, Government Says

The federal government said in a Texas court Monday that Anadarko Pet= roleum Corp.'s motion to compel discovery in its $26 million tax refund sui= t is moot because the oil company already filed for summary judgment, admit= ting there were no disputes of material facts. Read more »

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Trump Says His Labe= l ‘Tax Cuts’ Led To Overhaul's Passage

President Donald Trump said on Monday that his decision to use the te= rm “tax cuts” for the legislation he signed into law in Decembe= r was why Congress passed it. Read more »

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2nd Circ. Revives Tax Frau= d Denaturalization Fight

A woman who said her lawyer misled her about the consequences of plea= ding guilty to tax fraud had her bid to overturn her conviction and retain = her U.S. citizenship revived by the Second Circuit on Monday, with the cour= t saying more facts were needed before a ruling was possible. Read more »

EXPERT ANALYSIS

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Deductions Under Re= vised IRC §162(f): The Interim Guidance

Recent changes to Internal Revenue Code section 162(f) and the additi= on of section 6050X are expected to significantly impact the resolution of = fines and penalty issues in an IRS exam context. As a threshold matter, tax= payers in a settlement posture will now be required to consider the tax tre= atment of settlement payments, say attorneys at Eversheds Sutherland LLP. Read more »

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Opinion

Gorsuch's 1st Year = Shows He Is A Conservative Activist

In his first year on the U.S. Supreme Court, Justice Neil Gorsuch has= proven to be a narrow-minded elitist who consistently votes in favor of co= rporations and the powerful, acting to roll back protections for workers, c= onsumers, LGBTQ individuals and other marginalized communities, says Elliot= Mincberg, senior fellow at People for the American Way. Read more »

LEGAL INDUSTRY

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CORRECTED: H= ow 3 Employment Firms Are Pulling Ahead Of The Pack

The three largest employment boutiques are getting bigger at a faste= r rate than their rivals, according to this year’s Law360 400. Here&#= 8217;s our look at the trends that shaped the sector in 2017. Read more »

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Gingrich Leaving D= entons, 'In Discussions' With Other Firms

Former Speaker of the House Newt Gingrich is on the hunt for a new l= aw firm, announcing on Monday that he plans to leave Dentons after spending= three years as a senior adviser in the global law firm's public policy and= regulation practice. Read more »

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Gorsuch Taps 1st = Ever Native American Supreme Court Clerk

U.S. Supreme Court Justice Neil Gorsuch has chosen a member of the C= hickasaw tribe in Oklahoma to clerk for him this coming year, marking the f= irst time a Native American tribal member has served as a clerk on the nati= on's highest court, it was announced on Friday. Read more = »

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Cohen, Trump Can't= Get Block Of Fed. Review Of Seized Docs

A New York federal judge on Monday refused calls from President Dona= ld Trump and his longtime personal attorney, Michael Cohen, for an order bl= ocking federal prosecutors from looking through a trove of materials seized= in raids on Cohen’s office and home. Read more &raqu= o;

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SEC Reaches Deal With E= xec Convicted In Dewey Fraud

Former Dewey & LeBoeuf LLP Chief Financial Officer Joel Sanders,= who was convicted of fraud, reached an agreement with the U.S. Securities = and Exchange Commission that bars him from serving as a public company offi= cial and allows for a future disgorgement order or fine, according to a Mon= day court filing. Read more »

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Interview

15 Minutes With FactSet’s = General Counsel

Rachel Stern started working as the first lawyer at the Connecticut-= based data and software company FactSet Research Systems Inc. in January 20= 01. Since then, her role has expanded to include several nonlegal responsib= ilities. She recently shared with Law360 why it's not sufficient for firms = to present a pitch with three white men and one junior woman of color, and = why it's important to embrace the European Union's upcoming General Data Pr= otection Regulation. Read more »

JOBS
Search full listings or advertise your job opening=09=09=09

=09=09=09=09=09=09 =09=09=09=09=09=09 =09=09=09=09=09=09 =09=09=09=09=09=09 =09=09=09=09=09=09 =09=09=09=09=09=09 =09=09=09=09=09=09 =09=09=09=09=09=09 =09=09=09=09=09=09

Associate Attorney - Estate P= lanning Law Monzingo Legal Hartford, Connecticut	Associate Attorney= - Bankruptcy and Debt Restructuring Monzingo Legal Cedar Rapids, Iowa
Paralegal - Commercial Real E= state Transactions Monzingo Legal Miami, Florida	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 Lit= igation Associate (Mid-Level) Hopkins & Carley Silicon Valley, California
Trust & Estate Litiga= tion Associate (2-4 yrs) Hopkins & Carley Silicon Valley, California

Listen to our new p= odcast here

LAW FIRMS

Native American Rights= Fund

COMPANIES

American Federation of State, County and Municipal Employees<= /a>

Anadarko Petrol= eum Corporation

Association = of American Railroads

Blaqwell Inc.

CSX Corporation

Canadian Nat= ional Railway Company

Covidien PLC

FactSet Research = Systems Inc.

McKinsey & Company

National= Congress of American Indians

New York University

Norfolk Southern = Corporation

PNC Financial= Services Group Inc.

Pfizer Inc.

Quill Corp.

Thomson Reuters Co= rporation

Trump Organization Inc.=

Union Pacific Corpo= ration

Wayfair LLC

Zeughauser Group LLC<= /p>

GOVERNMENT = AGENCIES

Alabama Departmen= t of Revenue

C= alifornia Public Employees' Retirement System

Chickasaw Nation

Confederate= d Salish & Kootenai Tribes

European Union

Federal Bureau = of Investigation

Internal Revenue Servi= ce

Securities a= nd Exchange Commission

U.S. Attorney's Offic= e

U.S. Department of = Justice

U.S. Department = of the Treasury

U.S. House of Repr= esentatives

U.S. Supreme Court

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