New tax provisions could blitz lawyers with paper; provisions requiring business clients to report payments to attorneys may subject law firms to more paperwork and audits
Article Abstract:
Section 1021 of the Taxpayer Relief Act of 1997 deals with the reporting of legal fees and increases the likelihood that lawyers and law firms will be audited since its requirement of additional paperwork increases the likelihood that mistakes and misinterpretations will happen. Law firms should be able to reconcile their accounting records with the forms received from payors in 1999. Further accounting steps law firms can take in light of the new law are given.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1998
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Technology and billing dilemmas: how do you bill for extranets?
Article Abstract:
The ABA states that attorneys should charge just the direct cost associated with a service such as a photocopy machine, plus a reasonable allocation of overhead expenses, but some ethics professors and other experts disagree. Technology sometimes makes the determination of a reasonable fee difficult, and if firms and clients begin sharing documents over extranets and shared electronic databases, the allocation of costs may become difficult, if not impossible.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1998
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Some prominent lawyers and how they bill
Article Abstract:
Some 20 prominent attorneys are listed. Information included is name, firm affiliation, going hourly rate and a short sketch including legal specialty and important past and present clients.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1992
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- Abstracts: Firms eschew expertise of consultants; lawyers have failed to exploit the advice of expert speakers in areas such as financial planning, stress, teamwork and creativity
- Abstracts: No: we must acknowledge the problem to fight it. Alcoholic lawyers: are they being coddled by attorney discipline systems? Yes: the recovery excuse is too often abused
- Abstracts: The due process roots of criminal collateral estoppel. Estopping the madness at the PTO: improveing patnet administration through prosecution history estoppel
- Abstracts: SEC, Congress address executive pay. Shareholder rights plans are under board review; as 1980s rights plans expire, clients try to adopt formulas that withstand court review
- Abstracts: Federal Circuit expands recovery of lost profits; patent owners now may be able to recover damages for profits lost for unprotected articles