For lawyers, it is imperative to consistently and persistently cultivate, nurture and strengthen their relationships with their universal networks. Here's how.
July 28, 2011Kimberly Alford Rice
A recent tax court case dealt with two issues that are relevant to many law firms. The first issue is the allocation of partnership income to the partners in the absence of a written partnership agreement. The second is whether income generated by a limited liability partnership is subject to self-employment tax.
July 28, 2011Richard Stieglitz and and Martin ArkingMore and more law firms are beginning to hire experienced business professionals from outside the legal industry to help run their businesses. With this experience from outside the industry, new ideas on how to more efficiently run law firms are being adopted. This article focuses on one such topic, namely the concept of supply chain management and the Theory of Constraints.
July 28, 2011Russ HaskinThis year, three bands boarded a vintage train for a tour through the American Southwest. The bands formed a joint venture to manage their Railroad Revival Tour and control revenues and related intellectual property, including a documentary DVD. Matthew V. Wilson, an associate at Atlanta, GA's Arnall Golden Gregory who structured the deal, describes the arrangement in the following interview.
July 28, 2011Amanda BronstadSupreme Court Justice Antonin Scalia and his teammates recently mowed down California's ban on violent video games with fully loaded First Amendment precedents and barbed retorts to opposing arguments. In doing so, the U.S. Supreme Court reinforced a fundamental point: First Amendment protections do not depend on the medium of communication. Thus, video games are protected speech, and restrictions based on their content will be subject to strict scrutiny.
July 28, 2011James Chadwick and Thayer PreeceThe U.S. Tax Court decided that fees received by international pro-golfer Retief Goosen for so-called "on-course" endorsement deals constituted both personal service and royalty income.
July 28, 2011Stan SoocherThis article discusses how, in the wake of changing economic and industry conditions, new business structures have evolved to bolster the production and exploitation of cast albums while shifting the risk and reward from large labels to the authors, investors and producers of the shows themselves.
July 28, 2011Michael I. Rudell and Neil J. RosiniInformation governance policies and procedures can be developed to reduce the risks and realize the benefits of cloud computing.
July 28, 2011Bennett B. Borden and Shannon SmithThis article examines some of the key issues involved in a successful mediation. The article is framed as a conversation between lawyer and mediator.
July 28, 2011Steven B. Corenblum and Barry MarksIn early 2009 we reported about the formation by the Uniform Law Commission and the American Law Institute of a drafting committee to consider the first comprehensive set of changes to Article 9 of the Uniform Commercial Code since the amendments approved in July 1998. Given that approximately six months have elapsed since the launch of the legislative approval process for the 2010 amendments, we thought it an opportune time to review the progress of adoption of these amendments.
July 28, 2011Alan M. Christenfeld and Barbara M. Goodstein