Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Financial Milestones on the Path from New Associate to Retiree
Financial freedom. It's something everyone wants. As a lawyer, what should you be thinking about and doing now to put yourself on the path to a secure retirement?
The answer is it depends. It depends on where you are in the arc of your career and how close you are to your retirement years. Here's a rundown of the top few items you should have on your financial checklist, based on your career stage.
Associates
Law school isn't free, so many young lawyers start their careers carrying significant debt. The best thing you can do early in your career is to pay down that debt as quickly as feasible. Interest rates have increased significantly over the last year, so if your loan has a variable interest rate, that debt has gotten more expensive. There are few guarantees in life, but think of paying down your law school debt as a guaranteed rate of return on the money you put toward exhausting that debt because you're paying that much less in interest costs.
Once you've gotten yourself on a consistent plan to pay down your debt, it's time to get serious about your firm-sponsored retirement plans. Big law firms typically do a great job of providing quality retirement plans. The power of compounding interest is most fully unleashed the more time you give it to work. Start contributing to your firm's 401(k) or other retirement plan as soon as you can.
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
The Stranger to the Deed Rule
In 1987, a unanimous Court of Appeals reaffirmed the vitality of the "stranger to the deed" rule, which holds that if a grantor executes a deed to a grantee purporting to create an easement in a third party, the easement is invalid. Daniello v. Wagner, decided by the Second Department on November 29th, makes it clear that not all grantors (or their lawyers) have received the Court of Appeals' message, suggesting that the rule needs re-examination.