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Expert Analysis

• What Recent Study Shows About AI's Promise For Legal Tasks

  

  Amid both skepticism and excitement about the promise of generative artificial intelligence in legal contexts, the first randomized controlled trial studying its impact on basic lawyering tasks shows mixed but promising results, and underscores the need for attorneys to proactively engage with AI, says Daniel Schwarcz at University of Minnesota Law School.

• Gonna Fly Now From California: SALT In Review

  

  From an actor's impending relocation to two more defeats of efforts to tax streaming services, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.

• Litigation Inspiration: A Source Of Untapped Fulfillment

  

  As increasing numbers of attorneys struggle with stress and mental health issues, business litigators can find protection against burnout by remembering their important role in society 鈥� because fulfillment in one鈥檚 work isn鈥檛 just reserved for public interest lawyers, say Bennett Rawicki and Peter Bigelow at Hilgers Graben.

• Think Like A Lawyer: Forget Everything You Know About IRAC

  

  The mode of legal reasoning most students learn in law school, often called 鈥淚ssue, Rule, Application, Conclusion,鈥� or IRAC, erroneously frames analysis as a separate, discrete step, resulting in disorganized briefs and untold obfuscation 鈥� but the fix is pretty simple, says Luke Andrews at Poole Huffman.

• How New EU Tax And Transfer Pricing Rules May Affect M&A

  

  Companies involved in mergers and acquisitions may need to adjust fiscal due diligence procedures to ensure they consider potential far-reaching effects of newly implemented transfer pricing measures, such as newly implemented global minimum tax and European Union anti-tax avoidance directives and proposals, says Patrick Tijhuis at BDO.

• How Firms Can Ensure Associate Gender Parity Lasts

  

  Among associates, women now outnumber men for the first time, but progress toward gender equality at the top of the legal profession remains glacially slow, and firms must implement time-tested solutions to ensure associates鈥� gender parity lasts throughout their careers, say Kelly Culhane and Nicole Joseph at Culhane Meadows.

• NY Shouldn't Pair 421-a Restoration And Good Cause Eviction

  

  The good cause eviction system of rent control should not be imposed in New York, nor should its legislation be tied to renewal of the 421-a tax abatement program, which New York City desperately needs, says Alexander Lycoyannis at Holland & Knight.

• 7 Common Myths About Lateral Partner Moves

  

  As lateral recruiting remains a key factor for law firm growth, partners considering a lateral move should be aware of a few commonly held myths 鈥� some of which contain a kernel of truth, and some of which are flat out wrong, says Dave Maurer at Major Lindsey.

• DC's Housing Tax Break Proposal: What's In It, What's Missing

  

  Proposed Washington, D.C., rules implementing the Housing in Downtown Tax Abatement program 鈥� for commercial property owners who convert properties into residential housing 鈥� thoroughly explain the process for submitting an application, but do not provide sufficient detail regarding the actual dollar value of the abatements, says Daniel Miktus at Akerman.

• Location, Location, Location: SALT In Review

  

  From a possible replacing of Florida's property tax to Cincinnati's taxing of remote workers, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.

• 6 Pointers For Attys To Build Trust, Credibility On Social Media

  

  In an era of information overload, attorneys can use social media strategically 鈥� from making infographics to leveraging targeted advertising 鈥� to cut through the noise and establish a reputation among current and potential clients, says Marly Broudie at SocialEyes Communications.

• A Post-Mortem Analysis Of Stroock's Demise

  

  After the dissolution of 147-year-old firm Stroock late last year shook up the legal world, a post-mortem analysis of the data reveals a long list of warning signs preceding the firm鈥檚 collapse 鈥� and provides some insight into how other firms might avoid the same disastrous fate, says Craig Savitzky at Leopard Solutions.

• How 3 New Laws Change Calif. Nonprofits' Legal Landscape

  

  Legislation that went into effect on Jan. 1 should be welcomed by California鈥檚 nonprofit organizations, which may now receive funding more quickly, rectify past noncompliance more easily and have greater access to the states鈥� security funding program, say Casey Williams and Brett Overby at Liebert Cassidy.