July 19, 2018

Lawyers

PwC Defense Attorney Putting a Lot of Faith in a Florida Jury

Starting Monday, PwC will go trial in Florida over a financial crisis-era case. The plaintiff is the bankruptcy trustee for Taylor Bean and Whitaker Mortgage Corp, who is seeking $5.5 billion in damages, claiming that "PwC was negligent in not detecting a massive fraud scheme that brought down Taylor Bean and helped trigger the 2009 […]

34-Count Indictment Won’t Stop Accountant from Serving His Clients: Lawyer

Jack Weichman, CPA has been indicted on 34 criminal charges ranging from bank fraud to money laundering to filing false tax returns, among others. His attorney, for one, is flabbergasted by this situation:  In a statement issued Thursday morning, Weichman's attorney, Theodore Poulos, said "we are deeply disappointed and, quite frankly, appalled that the government […]

Law Firms Need Not Worry About the Likes of EY Law, Says EY Law Guy

This is amazing. The head of EY Law Global Leader Cornelius Grossman is saying — with a straight face, presumably — that firms like his won't pose a threat to law firms. Saying that accounting firms providing legal services doesn't threaten law firms is like saying Uber doesn't threaten taxis, but okay!  "The threat of […]

A Few Law Schools Come to Their Senses, Start Offering Accounting Boot Camps

“Lawyers, because they work for and with business people, think that they’re good at business. Lawyers are NOT good business people.”

Is the Pay Gap in Public Accounting Firms Widening?

American Lawyer has an interesting story about the growing pay gap in law, meaning a small handful of top guys are bringing in $10 million or more, while the low level grunts at the associate level are bringing home a paltry $160,000, on average. Let’s take a look:

Review Teacher Admits Review is Useless if You are Useless

I know some of you would rather have a quadruple wisdom tooth removal than peruse Above the Law (because lawyers, amiright?), which is why we do that for you. In today's Ask the Professor, Prof Joseph Marino writes: I have been helping students pass the bar exam for over four decades. Before me, my father […]

If You Aren’t Getting the Work-Life Balance You Want, Maybe You Should Sue

This Fortune piece is probably just one big troll but if not, this could be a reality at an accounting firm near you: A slew of gender discrimination lawsuits coming out of big banks point to something we all already know: women in finance don’t have it easy. A male-dominated industry notorious for its long […]

Friendly Reminder for Professional Ladies: Don’t Dress Like a Skank at Work

Why is it these memos are almost always directed at female professionals? Why does no one call out dudes on wrinkled shirts, ill-fitting pants that look like your older brother's hand-me-downs and awful, scuffed up shoes of the sort an elderly man with arthritis might buy out of a medical supply catalog? This passive aggressive, […]

Idiots Accused of Insider Trading Used Sketchy Post-It Method, Creative Digestion

Insider trading accusations are often boring, routine and totally predictable. But this reads like something out of a poorly-written detective novel, for real: The Securities and Exchange Commission today charged a stockbroker and a managing clerk at a law firm with insider trading around more than a dozen mergers or other corporate transactions for illicit […]

If No One Will Hire You, Maybe It’s Because Your Parents Aren’t Offering to Pay Them

Today's dose of lawyerly schadenfreude comes courtesy Above the Law, which is pretty much to Going Concern as watching Hoarders is for people who aren't the best at keeping up with housework: Times are still desperate for recent law graduates looking for work. There’s no guarantee that you are going to get a good job… […]