On a few deals lately, I've been seeing comments that a company will grant the unawarded profits interests right before the transaction. This doesn't make sense to me, as PIs have no value at grant. I assume people are just not updating the PIs' distribution thresholds so they have value. Seems problematic. Am I missing something?

Raise and bonus were a huge disappointment and just had a PPMD lie to my face about a project. 10 years with Deloitte and great reviews, but it’s time to move on. Looking for feedback from other companies.

Seeking advice on pursuing opportunities in healthcare / life sciences strategy - looking for managing director / VP level in the ME region. Interested in consulting or industry. I have 19 years consulting + industry combined experience in pharma and US hospitals. Thank you 🙏

469k new construction
No washer dryer or refrigerator included
Added these at cost, downgraded to basic grey paint throughout, removed blinds and builder accepted 460. Feeling cheated :/

What would have been a better offer?

Has anyone found a serum that works on nasolabial folds?

Experience with keeping the account once your client gets acquired? Does the account get moved to the bigger company’s agency?

Anyone else, just cut work for Purim?

I was just talking to a younger friend who goes to Cal and It seems like the kids these days hate FAANG or at least Amazon and Facebook are not desired at all. I personally don’t see too many issues working at either Amazon or Facebook because I work at Deloitte where I’m sure we have many questionable clients and worked in financial services before. Curious on whether people are thinking about the ethics of their exit company when deciding to move?

Anyone working in Pune?@Stefanini

Where can I live in SF without a car?

What kind of appreciation do you prefer? Private or public?

Quantum computing. Can someone through some light. Best place to learn more on this

Anyone having any experience working for NetApp account in TCS ? Would like to know about the experience. Thanks.

My superiors are asking me to contact CEOs of debtors to chase payments. We’re in B2B and payments are usually 30 days or more. As soon as we get someone over that and they don’t provide a payment date, I’m being asked to contact their CEOs somehow and demand payment. I think it’s dumb, will hurt the relationship and I also don’t want to ruin my reputation. Thoughts?

For anyone who practices tax lit in the US Tax Court, what’s your experience with the independent office of appeals? They don’t seem quite that “independent” to me and so far, I’ve only had one appeals officer who seemed knowledgeable and nice. It’s been a real headache. Interested to hear other people’s experience.

Anyone here practice SALT? How does it differ from what “regular” tax associates do?

Has anyone dealt with stuffing allocation in a non-hedge fund context? It seems even in the HF world the law is fuzzy in using aggregate reverse 704c principles in stuffing allocations. Like, sure, the market is there but no authority really blessed it (other than some Cravath partner’s article in Tax Notes in 2013). If we are talking asset class that isn’t really like marketable securities but might be able to treat it similarly solely by virtue of, say, valuation on a quarterly basis (contd)

Any T&E associates in here who I could talk to? I’m a transactional tax associate at a v5 firm doing M&A and capital markets work and hating it. I’m a 4th year with an LLM and a clerkship and I think I regret not pursuing T&E or private wealth.

Hi everyone - I am looking for a new role and would appreciate your support. Thank you in advance for any connections, advice, or opportunities you can offer.

Hi Tax Friends. Seeking some advice. I will give more context in the comments, but big picture I am a non-tax litigator interested in switching to tax. The question is: (1) pursue LLM; (2) take tax job now; (3) just treat tax as a hobby?

I’d rather not put a title behind my name, but if I were looking to attract the attention of recruiters on LinkedIn (legal and public accounting) would using “JD” or “Esq.” behind my name help my name pop up in a search?

Junior biglaw tax associate here. Considering an internal transfer vs lateral to NYC from a smaller market. Any firms in the v20 I should avoid/look into? I have pretty reasonable hours at my current firm and trying to avoid going to a sweatshop. Interested in international tax and hoping to avoid m&a. Firms I’m considering: Latham, Gibson, Sidley, Goodwin, Milbank. Thank you all!

Has anyone had their Tax LLM paid for by the federal government? Or any thoughts on how to reduce the sticker price of a Tax LLM from NYU or Georgetown?

New associate starting in the tax group at a biglaw firm in NYC. Would really appreciate any advice on how to be most useful/get through the learning curve!

Has anyone made the transition from law to public accounting or tax in industry? Are you happier? I’ve been thinking about making such a move since there seems to be more remote opportunities in accounting. Advice or talk me off the ledge?
(My background: Big 4 SALT > State AG’s office (tax) > small commercial lit firm > COVID > city attorney > in-house (real estate))

I'm considering switching my practice from tax to exec comp so that I can work remotely indefinitely. If I dislike it, do you think it would be difficult to switch back? I'm a 4th year that works in biglaw.

In your opinion, which biglaw firms have the best tax groups?

Are there any search firms that specialize in placing tax associates?

Transitioning from com. lit into tax controversy?

I have a tax LLM and started my career out of law school doing M&A tax at a big4. After 9 months, I got out of big4 transactional hell and into whatever litigation I could find. I now practice commercial lit but would welcome the opportunity to eventually transition into tax controversy (which I wasn’t able to do before). Does my commercial litigation “break” hurt my prospect? How long can I stay in com lit without hurting my chances even more?

Can anyone advise - if I did not file taxes for 2019 and 2020 is there a way I can file without receiving a penalty? I just didn’t file them no great reason. Nothing complicated and I probably owe a few hundred each year in fed taxes. Nothing crazy.

Any other junior tax lawyers here feeling discouraged by how steep the learning curve is? 🥲 I started remotely too and training has not been the best…

Recommendations for a west coast recruiter specializing in tax positions? For someone in biglaw who wants to go in house.