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March 20, 2024 | New York Law Journal

The Internal Affairs Rule Is Under Attack! Should We Care?

Few principles of law are as universally respected by U.S. courts as the "internal affairs rule." All state jurisdictions at least formally subscribe to this rule, and the Supreme Court has hinted it may be constitutionally required. Nonetheless, the New York Court of Appeals has agreed to hear a case asking the court to replace the traditional rule with an "interest-balancing" test.
11 minute read
Tax Equity Now NY LLC, Appellant, v. City of New York et al., Respondents, State of New York et al., Respondents.
Publication Date: 2024-03-20
Practice Area: Tax
Industry:
Court: Court of Appeals, New York State
Judge: Associate Judge Jenny Rivera
Attorneys:
For plaintiff: Richard P. Bress, for appellant.
For defendant: Edan C. Burkett, for respondents City of New York et al. Mark S. Grube, for respondents State of New York et al.
Case number: No. 1

Tax Equity Now v. City of New York

March 19, 2024 | National Law Journal

Baker McKenzie Sues IRS for Details on Plans to Crackdown on Partnerships

"Because I represent taxpayers examined by the IRS, I have a compelling need to understand how the IRS plans to impose on my clients so that I can effectively advise them and protect their rights," Baker McKenzie partner George Clarke said in a previous Freedom of Information Act request.
3 minute read
March 19, 2024 | The American Lawyer

PEP Talk: The Am Law 100's Quiet Boost

If only we could boost the legal industry's mental health as easily as U.S. law firms are boosting profits, the Global Lawyer writes.
8 minute read
March 19, 2024 | National Law Journal

Wilmer's Revenue and Profits Soar Amid Boom in Countercyclical Practices

While the firm landed in the spotlight for its clients' congressional testimony, Wilmer's revenue and profit grew 10% or more in 2023, amid gains in litigation and investigations practices.
4 minute read
Law Journal Press | Digital Book Corporate Internal Investigations Authors: Steven F. Molo, Dan K. Webb, Robert W. Tarun View this Book

View more book results for the query "Internal Revenue Service"

March 19, 2024 | New Jersey Law Journal

Proceed With Caution: Shifting Beneficial Interests in a Trust May Trigger Gifts

"The good news is that the CCA was limited to a discreet issue involving a specific trust," writes Daniela P. Catrocho of Day Pitney. The bad news is that "the CCA could theoretically apply to other scenarios."
8 minute read
March 19, 2024 | Law.com

Revolutionizing Revenue: How 'Invoice to Cash' Innovation Rescues Firms from Billing Woes

More and more, firms are understanding that it's the firm's ability to convert its agreed rates through billing and collections to collection realization that really counts. So why is it such a challenge for firms to solve it?
6 minute read
Appellate Division, First Department: March 18, 2024
Publication Date: 2024-03-18
Practice Area: Civil Appeals | Criminal Appeals
Industry:
Court: Appellate Division, Second Department, Appeals & Motions
Judge: Unsigned
Attorneys:
For plaintiff:
For defendant:
Case number: DOCKET

Appeals List & Motions List released on:March 14, 2024

March 15, 2024 | Daily Business Review

Florida—More Than Sunshine: Protecting Your Wealth

Protecting your wealth and many forms of income is a right embedded in the state constitution.
10 minute read
March 14, 2024 | The American Lawyer

Willkie Continues Growth Run, Seeing 8.7% Rise in Revenue and 29% Expansion in Nonequity Tier

Amid a string of laterals and promotions, the firm's partnership expanded, with about a 3.5% increase in the equity tier and a 29% rise in the nonequity tier, up to 121 partners.
5 minute read

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