With a last-minute extension by the IRS, the final regulations adopted under Section 409A of the Internal Revenue Code now impose a hard Dec. 31, 2008 deadline on making necessary amendments to deferred compensation arrangements for employees, directors, and certain independent contractors of private, not-for-profit, and public companies in order to avoid federal excise taxes at a rate of 20% (plus retroactive interest).
- October 30, 2007Frederick D. Lipman, Barry L. Klein and Wilhelm L. Gruszecki
News about lawyers and law firms in the franchising industry.
October 30, 2007ALM Staff | Law Journal Newsletters |Highlights of the latest franchising news from around the country.
October 30, 2007ALM Staff | Law Journal Newsletters |Highlights of the latest franchising cases from around the country.
October 30, 2007Alexander TuneskiThis month's installment continues an exploration of the differences that franchisors in the United States and Canada will face when seeking injunctions to enforce non-competition and other covenants contained in their franchise agreements.
October 30, 2007Jennifer Dolman, Denise Sayer and Jon S. SwierzewskiNew York's Sullivan & Cromwell LLP plans to pay counsels and senior associates (fifth-year level and up) bonuses tied to the firm's financial performance.
October 29, 2007Anthony LinThis article examines the two main objections to outside ownership of law firms. The first is that it would permit nonlawyers to interfere with lawyers' exercise of professional judgment. The second is that the firm's duty to its shareholders would lead it to focus blindly on maximizing profits.
October 29, 2007Milton Regan Jr.This commentary provides some preliminary thoughts on how equity investments in non-U.S. law firms may change how U.S. law firms do business.
October 29, 2007Michael RochThe Internal Revenue Service has not weighed in on the proper tax classification of series LLCs. Accordingly, lawyers recommending this new form of entity to clients or considering a series LLC for an ancillary business of the law firm or other purpose should proceed with caution.
October 29, 2007Michael E. MooneyHighlights of the latest product liability cases from around the country.
October 29, 2007ALM Staff | Law Journal Newsletters |

