This course will examine areas of being a lawyer that are enhanced and grown when a lawyer is sober and working a recovery program. It provides an overview of the 12-Step recovery program, as well as several other non-12-Step programs. It will explain tangible benefits of being in recovery and provide suggestions for how to integrate professional and recovery life successfully.
Life can throw curveballs at us quickly and unexpectedly. A serious illness or injury – to ourselves or an immediate family member – can mean having to suddenly walk away from a law practice, whether long term or even permanently. If that happened to you, do you have a plan in place? Will your client matters be transitioned and handled properly? Will those working for you get paid? Will you (or your family) get your share of any unpaid or residual fees that come due?
Lawyers have an ethical obligation to diligently handle client matters, and to assure the efficient transition of those matters should they become disabled or die. Despite this obligation, many attorneys do not have succession plans in place, and many states do not specifically require attorneys to have such a plan or to designate a successor attorney. For solo and small firm practitioners in particular, an unanticipated closing of a practice can result in adverse, unethical, and even dire financial consequences to the attorney, their family, colleagues, and their clients. Don’t let that happen to you!
Limited liability companies (LLCs) are a popular choice of entity because their business structure provides the liability protection offered by incorporation, while retaining some of the tax advantages of a partnership or sole proprietorship when created by a statute and governed by the laws of the operating state.
Indeed, LLCs are often easier to establish and simpler to maintain than corporations from a non-tax perspective and provide the business with pass-through treatment of income and losses for tax purposes, similar to that of a sole proprietorship or a partnership. But what are the latest federal tax implications you need to consider when forming an LLC?
Class actions challenging 401(k) and 403(b) plan fees are on the rise, with over 170 separate class actions having been filed around the country across different industries and against plans of varying sizes. The underlying claims in these suits typically allege excessive fees, poor fund choices, poor plan design, fiduciary neglect, and/or prohibited transactions. In January, the Supreme Court’s unanimous decision in Hughes v. Northwestern University, remanding the case back to the 7th Circuit, demonstrated that the fiduciary duty of prudence required by the Employee Retirement Incomes Security Act (ERISA) remains as important as ever. It reaffirmed the duty to continuously monitor investment options under the plan, especially when lower-cost share classes are available for funds.
Donors are often surprised when an organization is unable to accept their gift. While it is important to advocate for a client who wishes to make a bequest to a charitable organization, you also need to appreciate the limitations nonprofits operate under to ensure that your client's expectations can be met and their chosen charitable organization or foundation will say yes to the bequest.
Learn why nonprofits must sometimes say no and how to avoid unwelcome surprises for your clients. Led by a nonprofit specialist and a foundation general counsel with estate planning expertise, this practical webcast will give you crisper understanding of charitable giving logistics, including philanthropic limitations, strategies, structures, and more.
In order to provide the loyalty, confidentiality, and independent judgment at the heart of every lawyer's relationship with a client, you must be able to identify and resolve potential conflicts of interest that arise at the commencement of and throughout representation. Don’t risk disqualification, discipline, or malpractice claims; learn the different scenarios in which conflicts are present and how you should handle them.
A successful contract negotiation strategy starts long before the two parties sit across the table from each other. Getting the most favorable terms for your client often hinges on knowing which terms are “must haves” as opposed to “nice to have” when assessing risk and avoiding contention that can hold up a deal. The ability to adroitly address problematic clauses and clarify ambiguous terms will ensure the negotiation process proceeds smoothly to create a contract that clearly delineates each parties’ rights and obligations.
Museums, libraries, and cultural institutions of all sizes face significant institutional demands and novel issues in light of the changing public health landscape, including how best to adapt to an increasing digital world, address labor and workforce changes, and engage in meaningful diversity, equity, and inclusion efforts. With esteemed faculty that includes museum in-house counsel, outside counsel with specialized expertise, and museum directors, attendees will gain knowledge from which to draw upon for years. For the past 50 years, the Legal Issues in Museum Administration conference has been the annual event to attend for focused instruction on the core legal and business issues facing the museum, library, and cultural institution community. So join us in 2022 – in person or on the web. Your attendance, regardless of format, will be a significant investment in your professional work for years to come!