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10 Nov 2008, 8:40 am
The study analyzes compensation data for more than 7,000 lawyers in 312 corporate law departments across the country.While CLO compensation increased, however, total cash compensation for deputy chief legal officers, division general counsel and managing attorneys decreased during the same period, by 6 percent, 2 percent and 0.3 percent, respectively. [read post]
10 Nov 2008, 5:00 am
On size, we're talking about total headcounts here, not gross revenues or profits per partner. [read post]
7 Nov 2008, 5:15 pm
Hills, Senior Vice President and General Counsel Robert W. [read post]
5 Nov 2008, 11:21 am
If you make gifts to one person of more than $10,000 during the calendar year, file a Federal Gift Tax Return with the District Director of Internal Revenue. [read post]
3 Nov 2008, 5:52 am
Chrysler's debt trades at around 30 cents on the dollar. [6] Furthermore, Chrysler has witnessed a 25% drop in its sales. [7] As for GM, the company has already lost $18.8 billion in the first six months of the year and still has not reported its third-quarter losses. [8] The consolidated entity would benefit from Chrysler's $62 billion in revenue, 1.5 million customers and $11 billion in cash. [9] This money could be used to fund some of the drastic cost-cutting to occur at… [read post]
2 Nov 2008, 4:14 am
General Motors has begun closing plants and downsizing as it is hemorrhaging red ink. [read post]
29 Oct 2008, 12:01 pm
Moreover, “a general matter, ‘corporate management's general awareness of the day-to-day workings of the company's business does not establish scienter-at least absent some additional allegation of specific information conveyed to management and related to the fraud’ or other allegations supporting scienter. [read post]
29 Oct 2008, 11:00 am
Your firm will generate much more revenue if 10 to 20 lawyers each write business development plans and "go hunting" as an organized effort. [read post]
29 Oct 2008, 11:00 am
A recent survey showed that 60 percent of corporate clients were unhappy with their primary law firms. [read post]
29 Oct 2008, 8:00 am
At the other extreme, some firms honestly don't want associates to think about business development, or anything else that distracts them from generating more revenue. [read post]
27 Oct 2008, 8:01 pm
Under the final regulations, the separate entity is treated as a corporation for purposes of employment taxes and related reporting requirements. [read post]
27 Oct 2008, 7:08 pm
Private nonprofit universities are generally exempt from tax under Internal Revenue Code section 501(c)(3) and, like state universities, are subject to unrelated business income tax. [read post]
26 Oct 2008, 5:58 am
"A History of Accounting Errors Earlier this year, the Securities and Exchange Commission Division of Corporation Finance uncovered revenue accounting errors by Overstock.com dating back to the company's inception. [read post]
24 Oct 2008, 5:23 pm
Position:Senior Corporate Counsel Description: This NYSE-listed company, an aerospace and industrial components manufacturer, consisting of approximately 6,500 employees in more than 65 locations worldwide, generates over $1.4 billion in revenues. [read post]
24 Oct 2008, 8:33 am
My post dealing with the charge that letting tax cuts for high income taxpayers expire, Taxes, Bailouts and Socialism, has generated all sorts of comments. [read post]
22 Oct 2008, 11:56 am
At least for most firms, the year will be flat to down in the low double digit percentages in revenues and profitability. [read post]
21 Oct 2008, 10:28 pm
Code Section 162(m) Limit on Excessive Compensation Under pre-EESA law, the otherwise allowable deduction for compensation paid with respect to a "covered employee" of a publicly-held corporation is generally limited to no more than $1 million per year under Code Section 162(m). [read post]
21 Oct 2008, 4:57 pm
This is generally the fastest route to new revenue. [read post]
20 Oct 2008, 2:27 pm
East Chicago Second Century - After the Attorney General intervened in an action involving the direction of certain percentages of riverboat gaming revenue to the City of East Chicago, two non-profit foundations, and a for-profit corporation, the trial court dismissed the Attorney General's counterclaim and crossclaim seeking imposition of a public charitable trust or a constructive trust over the percentage of revenue distributed to Second Century. … [read post]
20 Oct 2008, 10:50 am
Contrary to general opinion, frequently the smaller amounts involved, the greater trouble when there is no will. [read post]
