As the legal industry grapples with the rapid advancement of artificial intelligence, legal professionals are increasingly considering the advantages of specializing in niche practices. The development of sophisticated AI tools, such as those introduced by Anthropic PBC, which now include capabilities like legal document review, has led many attorneys to reassess their practice focus. This…
The intricacies of sourcing billable hours present a growing challenge for law firms, particularly in the context of taxation. Variability in state regulations significantly influences how these hours are recorded and reported, necessitating a keen understanding of regional rules. This complexity is underscored by the diverse approaches states have adopted, which can have far-reaching implications…
DLA Piper has announced the addition of Nicolás Orezzoli as a tax partner in its Chilean office, a move aimed at strengthening its capabilities in the Latin American market. Orezzoli’s extensive experience in tax law, particularly in the areas of tax planning and international taxation, positions him well to contribute to DLA Piper’s strategic growth…
The U.S. Supreme Court has decided not to review a case brought by a tobacco company challenging New Jersey’s taxation approach for royalty income. This decision allows New Jersey’s method of basing tax deductions on the business activity conducted within the state to remain in force. This method had been criticized by the company as…
Polsinelli, a prominent national law firm, has announced the addition of tax attorney Joseph Mandarino as a shareholder in its Chicago office. This strategic hire is anticipated to bolster the firm’s tax capabilities, particularly in complex cross-border transactions and restructuring matters. Joseph Mandarino, renowned for his expertise in international tax law, brings a wealth of…
The recent Supreme Court decision in Learning Resources, Inc. v. Trump has highlighted differences among the conservative justices regarding presidential power over tariffs. While the justices are often thought to vote as a bloc, this case showcased significant divergence in their interpretations, particularly around the International Emergency Economic Powers Act (IEEPA). All justices agreed that…
In a significant legal development, the US Supreme Court recently invalidated former President Donald Trump’s tariffs imposed under the International Emergency Economic Powers Act (IEEPA). The decision, reached by a 6-3 majority, clarified that the IEEPA does not grant the president authority to impose tariffs, marking a pivotal moment in the separation of powers debate…
In a pivotal decision that could transform the landscape of Colombia’s ongoing struggle with drug-related insurgency, President Gustavo Petro has agreed to an independent probe into the alleged drug connections of the country’s largest remaining rebel group, the National Liberation Army (ELN). The move follows a proposal by ELN leader Antonio Garcia, who openly acknowledged…
Human Rights Watch has issued a critical statement against the Hungarian government’s recent use of emergency powers to annul ongoing court cases challenging a municipal tax. The organization describes this move as a “dangerous precedent” infringing upon the independence of the judiciary and the separation of powers. This action has been labeled as a substantial…
In an unexpected turn during his tax fraud trial, SCOTUSblog founder Thomas Goldstein revealed to a Maryland federal jury that he incurred nearly $3 million in losses while playing poker in 2016. This statement directly challenges the charges that he underreported his gambling earnings. Goldstein attributed any discrepancies in his tax filings to personal errors…
In an intricate dance between legal brilliance and fiscal strategy, U.S.-based law firms operating in London have navigated complex tax structures that have inadvertently thwarted the U.K. government’s taxation aspirations. This issue has come to light through an investigation which details how these firms employ varied corporate models, complicating any efforts for a uniform tax…
In recent developments affecting corporate legal departments, several key issues have emerged that warrant attention. The National Labor Relations Board (NLRB) has undergone significant policy shifts. Acting General Counsel Cowen rescinded 29 prior general counsel memoranda, aiming to streamline operations and address the growing backlog of cases. This move reflects a strategic effort to focus…
In a significant addition to its legal team, Greenberg Traurig has announced the hiring of Christopher Unterseher as a tax and philanthropy lawyer in its New York office. Unterseher, known for his expertise in complex tax structures and charitable planning, brings a wealth of experience to the firm as it continues to expand its capabilities…
The rapidly evolving landscape of digital services taxation is facing added complexity due to advancements in artificial intelligence (AI). As governments increasingly target global companies with digital service taxes (DSTs), staying compliant has become a formidable challenge. The integration of AI in financial systems offers both opportunities and obstacles, demanding a re-evaluation of current compliance…
NYU Law Tax Professor Gregg Polsky has joined Gunther as Of Counsel, bringing with him a wealth of expertise in tax law and policy. Polsky, who is well-regarded for his scholarly work and practical insights, is expected to significantly enhance the firm’s capabilities in handling complex tax-related matters. Polsky’s academic career spans several prestigious institutions,…
Kirkland & Ellis has announced the addition of Jonathan Macke as a new partner in their Tax Practice Group. Macke, an accomplished tax attorney, joins the firm from Morgan, Lewis & Bockius LLP, where he was instrumental in advising clients on a variety of tax-related matters. The appointment of Macke is strategically significant for Kirkland…
Akin has announced the hiring of Richard Wright as a new tax partner in its New York office, bolstering its capabilities in complex tax matters. Wright, a seasoned expert in corporate taxation, will be bringing his extensive experience to Akin, having previously worked with renowned firms specializing in tax law. Richard Wright’s move to Akin…
On November 5, the Supreme Court heard oral arguments in the contentious case challenging President Donald Trump’s authority to levy broad tariffs through a series of executive orders enacted in 2025. As is frequently the case with high-stakes litigation, the court’s ruling will be pivotal for U.S. importers burdened with substantial monthly tariff payments. However,…
The evolving landscape of cryptocurrency in corporate environments is increasingly bringing general counsel to the forefront of strategic decision-making. As companies delve into digital assets for varied uses such as payments, treasury management, and other operational functions, the involvement of legal departments is becoming pivotal. Notably, a guide released by Foley & Lardner highlights this…
Kalshi, a burgeoning player in the prediction market sector, has recently made headlines with the strategic hiring of a former Amazon policy expert to establish a new Washington, D.C., office. This move indicates Kalshi’s aim to strengthen its regulatory and policy engagement in the U.S. capital. The hiring comes as part of the company’s efforts…
Eversheds Sutherland has announced the return of a former partner to its Washington, D.C.-based tax group. After departing the firm for a significant role as special counsel with the Internal Revenue Service (IRS), the attorney has rejoined as a partner, bringing valuable experience back to the firm. The attorney’s tenure with the IRS provided him…
Atlanta-rooted firms King & Spalding and Alston & Bird are seeing significant surges in lobbying revenue in Washington, D.C., during 2025. These firms, which are part of the wider trend observed in Big Law, have capitalized on lobbying efforts focusing on Congress and the White House. The notable increase comes amid a political landscape where…
Davis Polk & Wardwell LLP has announced the addition of Brian Grieve as a partner in its New York tax practice, a move that emphasizes the firm’s focus on bolstering its capabilities in an ever-evolving tax landscape. Grieve, a seasoned tax attorney, brings a wealth of experience to the firm, particularly in areas related to…
In the realm of mergers and acquisitions (M&A), simplified tax models often serve as a double-edged sword. While they streamline processes and promise efficiency, these models can inadvertently mask the nuanced risks associated with liquidity and taxation, which are critical to securing the best outcomes in complex M&A transactions. The necessity for thorough evaluations becomes…
The recent shifts in enforcement strategies by the United States Securities and Exchange Commission (SEC) and the Internal Revenue Service (IRS) have sparked diverse reactions among legal professionals and corporate executives. Despite potential perceptions of reduced oversight, experts emphasize that these changes are not an invitation for relaxed compliance measures. Instead, conscientious adherence to regulations…