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Firms Beef Up Tax Practices in Silicon Valley as IRS Increases Scrutiny of IP Assets
The Internal Revenue Service is beefing up staff to look more closely at how high-tech companies price IP transactions involving their overseas subsidiaries and cracking down on those it suspects are dodging taxes on the profits their IP generates. But companies are fighting back, creating work for both tax planners and litigators.Pittsburgh and North Dakota - Where Lawyers Want to Be?
Forget New York or Los Angeles. If firms are looking to charge firm-friendly rates for in-demand work, they may want to open up shop in North Dakota or Pittsburgh - and of course be ready and able to do work for the natural gas industry.Time Warner Once Again Taps Cravath, This Time to Help Spin Off Mag Unit
The world's third-largest media conglomerate has turned to longtime outside counsel Cravath, Swaine & Moore to advise on the proposed spin-off of its Time Inc. publishing unit.Pockets of activity in Los Angeles lateral market
Demand for lateral hires in Los Angeles has picked up in recent weeks but remained subdued compared to markets like Silicon Valley and New York.Beer Deals Modified to Answer DOJ Lawsuit Concerns
Anheuser-Busch InBev said Feb. 14 it has revised its $20.1 billion deal to acquire the 50 percent stake in Mexican brewer Grupo Modelo it does not already own after U.S. regulators moved to block the purchase due to antitrust concerns.Trending Stories
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