Business of Law
The United States District Court for the Eastern District of Texas has issued a nationwide injunction halting the enforcement of the Corporate Transparency Act (CTA). The Order stays all CTA f… Read More
Business of Law
Turnover is an expensive problem for law firms. The National Association for Law Placement estimates that the cost to replace a departing associate is 1.5 to 2 times the salary of that lawye… Read More
Business of Law
I recently spoke to a lawyer who was representing a client in a litigation matter. The client had fallen on hard times and was having trouble paying basic living expenses. The lawyer had a gen… Read More
Business of Law
When it comes to determining partner compensation, the debate over whether to use a strict formula or take a more subjective approach has been long-standing. On the surface, a formula-driven c… Read More
Business of Law
I read recently that Brene Brown, when asked to commit to a future activity, turns her ring in a circle three times to pause and ground herself before answering. This caught my attention. How … Read More
For lawyers handling real estate closings, it’s important to know that seller fraud continues to rise, especially with the upcoming holiday season when distractions are high, and fraudsters are active.
Lawyers Mutual has published previous alerts regarding the new filing requirements under the Corporate Transparency Act (“CTA”) that went into effect January 1, 2024. After reviewing additional resources, we want to emphasize concerns that we have about the risks and increased potential liability for lawyers undertaking the reporting requirements. This is especially true for the continuing reporting requirements after entity formation and initial reporting.