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Concerns Over Non-Lawyer Ownership in Law Partnerships
In his Law Firm Partnership Law column, Arthur J. Ciampi of Ciampi LLC discusses Jacoby & Meyers' suit seeking to have Rule 5.4 adjudged unconstitutional, writing: As lawyers, our primary obligations are the interests of our clients. However beneficial the capital from investors may be, permitting a law firm to be owned and therefore controlled (even partially) by non-lawyers may erode that single-minded commitment to clients that our profession requires.Tulane Corporate Law Institute: Day One
The 25th annual Tulane Corporate Law Institute took place March 21 and 22 in New Orleans. The institute is known for being the pre-eminent annual conference for M&A lawyers. Coverage of the first day's events follows.Judge Could Drop Securities Fraud Charge Against Stewart
At the close of the prosecution's case against Martha Stewart, the judge expressed doubt that prosecutors produced enough evidence that Stewart intended to commit securities fraud by lying to investors in her own company about her role in the ImClone Systems Inc. insider trading scandal. The prosecutor was grilled about what evidence supported the claim that Stewart sought to defraud by issuing public statements protesting her innocence.Broadcom's Charges Vie With 'Andersen's' Nexus Proviso
Matthew L. Levine, a principal of Fish & Richardson, writes that if you are like many people, you spend a good deal of time at work deleting e-mails from your inbox. But before you hit the delete button again, you might want to note the new obstruction of justice charges filed by federal prosecutors against a former human resources executive.An Update of Future Trends for Younger Lawyers
The five earlier predictions were that law schools would focus more heavily on providing practice-based education; law firms, especially the so-called megafirms, would decrease their entry-level hiring; starting law firm salaries would decline or at least stay flat; small and midsized law firms would have a deeper pool of lawyers available for direct hiring from law schools; and the death or decline of traditional (and expensive) summer programs would be on the horizon.Guidance on Withholding Taxes Reveals Complexities
In his Tax Appeals Tribunal column, Joseph Lipari, a partner of Roberts & Holland, writes that over the past several years, the taxation of non-residents who work in New York and the withholding obligations of their employers have become extraordinarily complicated, resulting in much confusion as well as significant administrative burdens.Deferred Associates Evaluate Experience in Public Interest Jobs
Nearly three-quarters of deferred associates in New York who were placed with public interest groups developed a stronger interest in pro bono work because of the experience, according to a report released last week by the New York City Bar Association.Representation of �Uninjured� Clients Brings Disbarment for Phila. Lawyer
The Pennsylvania Supreme Court has ordered the disbarment of a Philadelphia attorney who served time in prison after pleading guilty to charges he defrauded a slew of insurers on behalf of personal injury plaintiffs who in reality had not needed medical attention.Senate Panel Approves Three Judges for Ocean, Two for Bergen
The Senate Judiciary Committee on Monday recommended confirmation of four new Superior Court judge candidates, including one whose nomination had been delayed by seven months, and tenure for a sitting judge Joseph Rosa whose renomination was tabled a week earlier.Hollywood Litigator Fields Ducks Pellicano Net
Like many of his clients, Bertram Fields had become tabloid fodder: Magazines, TV and newspapers point out nearly every week that the Hollywood litigator is a key target in the probe of notorious private eye Anthony Pellicano. Yet the frequent Pellicano client has remained beyond prosecutors' grasp for nearly four years. And the February indictment of Terry Christensen, based on taped phone conversations with Pellicano, has only underscored the difficulty in pursuing Fields: So far, there's no smoking gun.Trending Stories
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