By Letters To The Editor | May 25, 2018 at 7:21 am Per-job tax on large firms may help solve local issues I was astonished to see the article by George Avalos in the business section on May 24, “Mountain View ‘Google tax’ plan advances to City Council” in which he reported that the Mountain View City Council is thinking of restructuring their business license fees to raise funds to mitigate some of the problems brought to that city by its biggest employers. What a great idea. More Bay Area cities should adopt it. Mike BernalMorgan Hill Submit your letter to the editor via this formLetters to the Editor … [Read more...] about Letter: Per-job tax on large firms may help solve housing, traffic problems
Britain's biggest developers could be told to hand over chunks of their building sites to smaller firms as part of a package of measures being considered to help solve the country's housing crisis, The Sunday Telegraph can disclose. A government-appointed panel is understood to have found that the construction of homes is being slowed down as a result of a high proportion of planning permissions being granted for large sites owned by single developers. Sources said that the group, chaired by Sir Oliver Letwin, the Conservative MP, is examining ways sites could be split up to allow smaller firms to take over portions of the land on which they would build their own homes. Some large firms are understood... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium article per … [Read more...] about Big developers may be told to hand over chunks of sites to smaller firms to speed up house building
In 2013, a handful of large law firms started accepting payments in bitcoin. Today it’s more commonplace—lawyers understand cryptocurrency better. ethics authorities have weighed in on accepting bitcoin payments. And digital-currency clients seeking legal representation wish to pay their fees this way.“If I’m willing to accept it, it’s easier and in a lot of ways better for me, because I can get more rapid payment,” Carol Van Cleef, a Washington, D.C. lawyer who has represented cryptocurrency clients for a decade, told Legaltech News.A possible downside of bitcoin is its volatility—the value of a single bitcoin, thus your fee, can change from day to day, depending on when you convert it to cash.This week, we’d like to ask you: Do you or your law firm accept bitcoin or other cryptocurrency for payment? If you have never had a client offer to pay with digital currency, would you take such a fee payment if it were offered?Answer in the … [Read more...] about Do you or your law firm accept bitcoin or other cryptocurrency for payment?
A shareholder at Ogletree, Deakins, Nash, Smoak & Stewart claims in a $300 million lawsuit that the defense-side labor and employment firm discriminates against female partners in pay, promotions and opportunities.The would-be federal class action was filed on Friday by shareholder Dawn Knepper, according to a press release, the Recorder and Bloomberg Big Law Business. Knepper is represented by David Sanford of Sanford Heisler Sharp, the same firm that filed gender bias suits against Chadbourne & Parke and the now-disbanded firm Sedgwick.On its website, Ogletree Deakins purports to foster diversity and inclusion, “but this rhetoric is largely hollow,” the suit says. “In reality, the firm has shirked its obligations under the law through its ‘do as I say not as I do’ practices.”The suit says the firm doesn’t give female shareholders the appropriate credit for business they generate and the work they do, doesn’t give women the same … [Read more...] about Shareholder’s $300M suit accuses employment firm Ogletree Deakins of gender bias
The average lawyer is billing 156 fewer hours today than 11 years ago, costing firms an average of $74,100 in lost revenues per lawyer each year, according to the report. The report bases the calculation on an average rate of $475 an hour.The Center for the Study of the Legal Profession at Georgetown University Law Center and Thomson Reuters Legal Executive Institute released the report on Wednesday. The report can be downloaded here; a press release is here.The challenges include flat demand for law firm services, flat to declining profit margins, weakening collections, falling productivity, and loss of market share to alternative legal service providers and others.Productivity fell as a result of flat demand and a 1.3 percent increase in lawyers at U.S. firms. The slump in productivity reflects a trend that has persisted for several years, according to the report.When the next downturn comes—and it could be just around the corner after eight years of economic … [Read more...] about Declining productivity costs law firms an average of more than $74K per lawyer, report says