Why Should We Tolerate 'Jerks" in Our Law Firms?
April 27, 2012
Over the past three years of tough times, many law firms have put up with "jerks" in their partnership ranks in order to hold on to the portfolios of work controlled by those people. But there are ramifications to this decision ...
Alternative Attorney Staffing
April 27, 2012
This article focuses on employee benefits decisions and the flexibility of your firm with respect to direct hires of non-partner and non-associate attorneys.
Avoiding Personal Liability for Payroll and Other Employer Tax Obligations
April 27, 2012
Although many firms operate in corporate, LLC or even LLP form in order to protect partners individually from liabilities, their partners may be surprised to learn that they may be personally liable if the firm fails to fulfill its obligations associated with employee compensation and benefits payable by the firm.
Incurable Defaults
April 26, 2012
Unfortunately, on occasion, a franchisee's actions are so egregious that a franchisor decides that it needs to immediately terminate the franchise and declare that the relationship is irrevocably harmed: an incurable default.
IRS Issues Revenue Procedure 2012-17
March 29, 2012
On Feb. 13, 2012, the Internal Revenue Service issued Revenue Procedure 2012-17, which in part provides that partnerships may furnish their partners with an electronic copy of their Schedule K-1 if the partner has affirmatively consented to receive the K-1 in electronic format, such as in pdf form in an e-mail.
Proceed with Caution!
March 28, 2012
Law firms are trying to shift from survival tactics to the "New Normal" by addressing, not only the challenges they face, but also the changes they may have to make. However, there are few precedents for addressing many of the concerns.
Is Good Enough Good Enough?
March 28, 2012
Not doing something how others expect it to be done or not getting the result others anticipate or assume will be had can give rise to resentment, loss of trust, and ruined client relationships.
The Management Wisdom of Midlevel Associates
March 28, 2012
As midlevel associates make the transition to senior associate ranks, they gain wisdom in managing matters, both up to partners and down to juniors. Their wisdom reveals a key weakness in law firms ' the poor leadership and management skills of partners.
