July 2016 Ponzi Scheme Roundup
Posted on 08-08-2016 by kathy@kathybphelps.com

Posted by Kathy Bazoian Phelps Below is a summary of the activity reported for July 2016. The reported stories reflect: 7 guilty pleas or convictions in pending cases; over 21 years of newly imposed sentences for people involved in Ponzi schemes; at least 3 new Ponzi schemes worldwide; and an average... Read More

The Importance of Data Visualization in the Legal Industry
Posted on 08-03-2016 by pavan

Legal work requires being able to identify and recognize patterns in patterns in information – or data – quickly and efficiently. For some, the term data visualization may be a foreign concept, yet is vastly important to others, but what exactly is it? Data visualization is basically the... Read More

Legal Aid, Meet Legal Tech via Law360
Posted on 08-02-2016 by amanda-alge-bales

The article below has been republished in full courtesy of Law360, written by Jonathan Petts and Rohan Pavuluri, Upsolve . Law360, New York (July 27, 2016, 10:16 AM ET) -- In accounting, consumers have TurboTax to complete personal tax returns. In medicine, patients have WebMD to diagnose their conditions... Read More

Survey Shows Top Firms For Women Lawyers via Law360
Posted on 08-02-2016 by Tracie Morris

The article below has been republished in full courtesy of Law360, written by Andrew Strickler . Law360, New York (July 26, 2016, 11:16 PM ET) -- The percentage of BigLaw management seats and equity partnerships held by women ticked up again last year, according to a survey released Tuesday that named... Read More

Atty Must Give Law School Lectures As Punishment via Law360
Posted on 08-02-2016 by Tracie Morris

The article below has been republished in full courtesy of Law360, written by Cara Salvatore . Law360, New York (July 19, 2016, 8:47 PM ET) -- An Oklahoma federal judge on Tuesday ordered a lawyer to give lectures at the University of Tulsa's law school as punishment for botching a lawsuit over... Read More

It's Time to Get Ready for HMDA Changes
Posted on 07-29-2016 by James Pannabecker

The CFPB’s issuance of Home Mortgage Disclosure Act (HMDA) filing instructions on July 1 reminded financial institutions to get on the stick for the 2017 and 2018 changes the agency announced back in October 2015. The FIGs (filing instruction guides) provide the final piece of the puzzle necessary... Read More

The Overlap of AML Compliance with Tax Compliance: FinCEN finalizes its Customer Due Diligence Rules
Posted on 08-01-2016 by William H Byrnes

Anti-money laundering officers face greater burdens and risks because of the 2010 U.S. imposition of the cross-border, automatic sharing of financial information (FATCA) which in turn led to the global agreement among over 100 countries to adopt more expansive information sharing through an OECD Common... Read More

The Overlap of AML Compliance with Tax Compliance: Tax Self Certification
Posted on 08-01-2016 by William H Byrnes

Anti-money laundering officers face greater burdens and risks because of the 2010 U.S. imposition of the cross-border, automatic sharing of financial information (FATCA) which in turn led to the global agreement among over 100 countries to adopt more expansive information sharing through an OECD Common... Read More

Emerging State Anti-Money Laundering Issues[As modeled by the state of New York]: Regulatory Impact
Posted on 07-28-2016 by BrunoPX

The below article is part 4 of a 4 part series. As with proposed rules issued by federal agencies, New York must also include a regulatory impact statement with its proposals. According to the state, the proposed regulation is intended to prevent money launderers, terrorists, and other tortfeasors... Read More

Emerging State Anti-Money Laundering Issues [As modeled by the state of New York]: Transaction Monitoring and Filtering Program Requirements
Posted on 07-28-2016 by BrunoPX

The below article is part 3 of a 4 part series. Currently, federal regulators expect you to have and maintain an adequate customer due diligence program that is appropriate for your institution’s size and complexity and in line with your overall risk assessment and the risk assessment for any... Read More

Emerging State Anti-Money Laundering Issues[As modeled by the state of New York]: Summary of Proposed Rule
Posted on 07-28-2016 by BrunoPX

The below article is part 2 of a 4 part series. Covered Institutions When final, the rule will cover the following institutions that are chartered by the state of New York: • Banks • Trust companies • Private bankers • Savings banks • Savings and loan associations... Read More

Emerging State Anti-Money Laundering Issues [As modeled by the state of New York]: Introduction
Posted on 07-28-2016 by BrunoPX

The below article is part 1 of a 4 part series. This Special Alert (available via LexisNexis® Sheshunoff) provides news and analysis of significant state laws that impact your Bank Secrecy Act/anti-money laundering (BSA/AML) compliance programs. This discussion will not cover every nuance of your... Read More

Legal Technology: Robots The Latest Threat To Associates And The Billable Hour via Law360
Posted on 07-25-2016 by amanda-alge-bales

The article below has been republished in full courtesy of Law360, written by Eric Kroh. At the time Ken Jennings stepped up to the lectern to compete against “Jeopardy’s” first robot competitor, he had already secured his spot in history with a record 74-game winning streak. His... Read More

BigLaw's Gender Diversity Problem Is The Traditional Model Itself via Law360
Posted on 07-25-2016 by amanda-alge-bales

The article below has been republished in full courtesy of Law360, written by Mark A. Cohen, Legal Mosaic LLC . Anyone remember the Jerry Reed song, “She Got The Goldmine (I Got The Shaft)”? The country crooner garnered a Grammy for singing about the inequitable upshot of his divorce.... Read More

Cravath’s New Chief Could Represent Tipping Point For Female Leadership via Law360
Posted on 07-25-2016 by amanda-alge-bales

The article below has been republished in full courtesy of Law360, written by Aebra Coe. Cravath Swaine & Moore LLP is by no means the first BigLaw firm to elect a woman to lead the partnership, but experts say news that longtime partner Faiza J. Saeed has broken that final barrier of law firm... Read More

3 Skills You Need To Have Before Finishing Your First Year via Law360
Posted on 07-25-2016 by amanda-alge-bales

The article below has been republished in full courtesy of Law360, written by Kelly Knaub. Law360, New York (July 19, 2016, 8:17 PM ET) -- Attorneys in their first year at a firm may get overwhelmed by trying to excel at everything, but experts say there are three essential skills newbie lawyers should... Read More

5 States Clearing The Smoke On Pot Ethics Rules via Law360
Posted on 07-25-2016 by amanda-alge-bales

The article below has been republished in full courtesy of Law360, written by Andrew Strickler. Law360, New York (July 20, 2016, 6:11 PM ET) -- With new state marijuana laws and regulations proliferating, trying to keep up with it all might leave you feeling ... light-headed. Lawyers trying to stay... Read More

June 2016 Ponzi Scheme Roundup
Posted on 07-11-2016 by kathy@kathybphelps.com

Posted by Kathy Bazoian Phelps Below is a summary of the activity reported for June 2016. The reported stories reflect: 4 guilty pleas or convictions in pending cases; over 39 years of newly imposed sentences for people involved in Ponzi schemes; at least 14 new Ponzi schemes worldwide; and an average... Read More

Linda Berger On The Evolution of Legal Writing & LWI
Posted on 07-06-2016 by Chad Troyan

We all realize how much technology has changed the way we communicate over the phone, whether that be through text messages or social media, but have you stopped to think how much it has changed our writing, specifically our legal writing? Linda Berger, a law professor at UNLV’s Boyd School of... Read More

Trump's Law- Do Attorneys Have Something To Fear In The Candidate's View Of the Courts? via Law360
Posted on 07-06-2016 by Tracie Morris

The article below has been republished in full courtesy of Law360, written by Max Stendhal. One sweltering morning last August, a black limousine pulled up to the New York Supreme Court building in Lower Manhattan, and out stepped Donald Trump. He adjusted his tie knot and was immediately beset by... Read More

From The Partner's Desk: Tips For Recent Law Grads via Law360
Posted on 07-06-2016 by Tracie Morris

The article below has been republished in full courtesy of Law360, written by Gary M. Gansle, Squire Patton Boggs LLP . Law360, New York (June 23, 2016, 11:43 AM ET) -- One of the most prevalent complaints by associates and recent law school graduates is the lack of meaningful mentoring by more seasoned... Read More

BigLaw Embraces Student Debt Refinancing As Retention Tool via Law360
Posted on 07-06-2016 by Tracie Morris

The article below has been republished in full courtesy of Law360, written by Aebra Coe. Law360, New York (May 2, 2016, 4:08 PM ET) -- Kirkland & Ellis LLP recently began offering a student loan refinancing program to its associates, joining a slew of other BigLaw firms that now work with lenders... Read More

Linda Berger: From News Reporter to Legal Writing Expert
Posted on 07-06-2016 by Chad Troyan

What draws people into the legal profession? For Linda Berger, a law professor at UNLV’s Boyd School of Law, the journey to her career in the legal profession started where many others start – the Nation’s capital, Washington D.C. After Linda graduated from CU-Boulder with a journalism... Read More

Prove you’re a liberty whiz by reading these 7 little-known American documents
Posted on 06-30-2016 by Travis Burchart

The Declaration of Independence. The Constitution. The Bill of Rights. Uh ... the Articles of something .... Uh ... the Federalist thing-a-ma-bobs .... The first three, you know. But after that, maybe you’ve failed to explore, to go beyond the center of our patriotic universe. ... Read More

James McSwiney: A True Visionary
Posted on 06-23-2016 by amanda-alge-bales

It is our honor to recognize the life and work of Mr. James McSwiney, former CEO of the Mead Corporation who was at the helm of the online legal research company that later became LexisNexis after it was purchased in 1968. James passed on Tuesday, June 21, 2016 at the age of 100. [ Mr. McSwiney’s... Read More