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Kaye Scholer
Kaye Scholer was a law firm founded in 1917 by Benjamin Kaye and Jacob Scholer. The firm had more than 450 attorneys in nine offices located in the cities of Chicago, Frankfurt, London, Los Angeles, New York City (headquarters), Shanghai, Palo Alto, Washington, D.C., and West Palm Beach. In late 2016, Kaye Scholer voted to merge with Washington D.C.–based law firm Arnold & Porter to create a $1 billion+ sized multinational firm with a large offering both in the US and internationally. The merger was effected on January 1, 2017, as Arnold & Porter Kaye Scholer LLP, later modified to operating as Arnold & Porter, in February 2018. History The firm was founded in 1917 in New York by Benjamin Kaye and Jacob Scholer. Scholer was a graduate of New York Law School. Kaye was a graduate of Columbia Law School and an eminent banking lawyer who was among the first lawyers to bring a federal income tax case to trial under the 1913 income tax law. Kaye was also a noted playwright who wro ...
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Benjamin Kaye
Benjamin Mark Kaye (1884 – March 25, 1970) was an American lawyer known for co-founding the international law firm Kaye Scholer. He was also a playwright who wrote and translated several Broadway plays. Biography Kaye was born in 1884 in New York City. He graduated from Columbia College in 1904 and Columbia Law School in 1907. After being admitted to the bar in 1907, Kaye received legal training at the office of the noted trial lawyer Max Steuer. Kaye was trained a specialist in federal income taxation and became one of the first lawyers to try a federal income tax case under the Revenue Act of 1913. In 1917, Kaye founded the law firm Kaye Scholer with Jacob Scholer. The law firm merged with Arnold & Porter in 2016. Interested in theater since his youth, Kaye was also a prolific playwright who helped organize the Theatre Guild and served as the general counsel of the American National Theater and Academy. His writing credits included ''She Didn't Say No!'' (1926), starri ...
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Revenue Act Of 1913
The Revenue Act of 1913, also known as the Tariff Act of 1913, Underwood Tariff or the Underwood–Simmons Act (ch. 16, ), re-established a federal income tax in the United States and substantially lowered tariff rates. The act was sponsored by Representative Oscar Underwood, passed by the 63rd United States Congress, and signed into law by President Woodrow Wilson. Wilson and other members of the Democratic Party had long seen high tariffs as equivalent to unfair taxes on consumers, and tariff reduction was President Wilson's first priority upon taking office. Following the ratification of the Sixteenth Amendment in 1913, Democratic leaders agreed to seek passage of a major bill that would dramatically lower tariffs and implement an income tax. Underwood quickly shepherded the revenue bill through the House of Representatives, but the bill won approval in the United States Senate only after extensive lobbying by the Wilson administration. Wilson signed the bill into law on Octo ...
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Intellectual Property
Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others. The best-known types are patents, copyrights, trademarks, and trade secrets. The modern concept of intellectual property developed in England in the 17th and 18th centuries. The term "intellectual property" began to be used in the 19th century, though it was not until the late 20th century that intellectual property became commonplace in most of the world's List of national legal systems, legal systems."property as a common descriptor of the field probably traces to the foundation of the World Intellectual Property Organization (WIPO) by the United Nations." in Mark A. Lemley''Property, Intellectual Property, and Free Riding'', Texas Law Review, 2005, Vol. 83:1031, page 1033, footnote 4. Supporters of intellectual property laws often describe their main purpose as encouragin ...
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Rogers & Wells
Rogers & Wells was an international law firm founded in New York City in 1873. After several name changes, it was renamed for William P. Rogers and John A. Wells. Firms that merged with it include Dwight, Harris, Koegel & Caskey of New York. Background The firm was well known for its litigation arm (second-largest in New York City after white shoe establishment firm Simpson Thacher & Bartlett). It also had an active capital markets and international finance practice, where its main client was Merrill Lynch. The firm at its peak embraced approximately 400 attorneys and maintained offices in New York, Washington, D.C., Los Angeles, Paris, London, Hong Kong, and Frankfurt. In 1986, Rogers & Wells, the prestigious law firm that paid $40 million to defrauded investors in the J. David financial scandal, closed the San Diego office that embroiled it in the fraud-ridden investment company’s affairs. In 2000, the firm merged with London-based Clifford Chance. The firm practiced a ...
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Clifford Chance
Clifford Chance LLP is a British multinational law firm headquartered in London, England, and a member of the " Magic Circle", a group of leading London-based multinational law firms. In 2022-2023 Clifford Chance was the third largest law firm headquartered in the UK by revenue, having in that period a total revenue of . In 2015 it ranked as one of top ten largest law firms in the world measured both by revenue with profits per equity partner exceeding £2 million. In 2023 it ranked 13th. According to Acuris, as of 2020 Clifford Chance secured the most European M&A mandates, becoming the most popular adviser to top-tier private equity clients in the continent. In the same year it was named International Law Firm of the Year at the International Financial Law Review (IFLR) Europe Awards, part of the Euromoney group. History Clifford Chance was created by the merger in 1987 of two London-based law firms – Coward Chance and Clifford-Turner. Coward Chance derived from a fir ...
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Silicon Valley
Silicon Valley is a region in Northern California that is a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical area of the Santa Clara Valley. The term "Silicon Valley" refers to the area in which high-tech business has proliferated in Northern California, and it also serves as a general metonymy, metonym for California's high-tech business sector. The cities of Sunnyvale, California, Sunnyvale, Mountain View, California, Mountain View, Palo Alto, California, Palo Alto and Menlo Park, California, Menlo Park are frequently cited as the birthplace of Silicon Valley. Other major Silicon Valley cities are San Jose, California, San Jose, Santa Clara, California, Santa Clara, Redwood City, California, Redwood City and Cupertino, California, Cupertino. The San Jose Metropolitan Area has the third-highest GDP per capita in the world (after Zürich, Switzerland, and Oslo, Norway), accor ...
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Technology
Technology is the application of Conceptual model, conceptual knowledge to achieve practical goals, especially in a reproducible way. The word ''technology'' can also mean the products resulting from such efforts, including both tangible tools such as Kitchen utensil, utensils or machines, and intangible ones such as software. Technology plays a critical role in science, engineering, and everyday life. Technological advancements have led to significant changes in society. The earliest known technology is the stone tool, used during prehistory, followed by the control of fire—which in turn contributed to the Brain size, growth of the human brain and the development of language during the Pleistocene, Ice Age, according to the cooking hypothesis. The invention of the wheel in the Bronze Age allowed greater travel and the creation of more complex machines. More recent technological inventions, including the printing press, telephone, and the Internet, have lowered barriers to ...
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China
China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after India, representing 17.4% of the world population. China spans the equivalent of five time zones and Borders of China, borders fourteen countries by land across an area of nearly , making it the list of countries and dependencies by area, third-largest country by land area. The country is divided into 33 Province-level divisions of China, province-level divisions: 22 provinces of China, provinces, 5 autonomous regions of China, autonomous regions, 4 direct-administered municipalities of China, municipalities, and 2 semi-autonomous special administrative regions. Beijing is the country's capital, while Shanghai is List of cities in China by population, its most populous city by urban area and largest financial center. Considered one of six ...
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Abraham Ribicoff
Abraham Alexander Ribicoff (April 9, 1910 – February 22, 1998) was an American politician from the state of Connecticut. A member of the Democratic Party, he represented Connecticut in the United States House of Representatives and Senate and was the 80th Governor of Connecticut and Secretary of Health, Education, and Welfare in President John F. Kennedy's cabinet. He was Connecticut's first and to date only Jewish governor. Early life Abraham Alexander Ribicoff was born on April 9, 1910, in New Britain, Connecticut, to Ashkenazi Jewish immigrants from Poland, Samuel Ribicoff, a factory worker, and Rose Sable Ribicoff. He graduated from New Britain Senior High School. Ribicoff's relatively poor parents valued education and insisted that all his earnings from part-time boyhood jobs go toward his future schooling. After high school, he worked for a year at a nearby zipper factory of the G. E. Prentice Company to earn additional funds for college. Ribicoff enrolled at New Y ...
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Estate Planning
Estate planning is the process of anticipating and arranging for the management and disposal of a person's Estate (law), estate during the person's life in preparation for future incapacity or death. The planning includes the bequest of assets to heirs, loved ones, and/or Charity (practice), charity, and may include legal tax avoidance. Estate planning includes planning for incapacity, reducing or eliminating uncertainties over the administration of a probate, and maximizing the value of the estate by reducing taxes and other expenses. The ultimate goal of estate planning can only be determined by the specific goals of the estate owner, and may be as simple or complex as the owner's wishes and needs directs. Guardians are often designated for minor children and beneficiaries with Capacity (law), incapacity. Taxation Tax avoidance, Avoidance of income tax, gift tax, capital gains tax, inheritance tax, and generation-skipping transfer tax plays a significant role in choosing the str ...
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Lincoln Savings And Loan
The Lincoln Savings and Loan Association of Irvine, California, was the financial institution at the heart of the Keating Five scandal during the 1980s savings and loan crisis. History Lincoln Savings and Loan Association was founded in Los Angeles as a California chartered savings & loan in 1925. Through the early 1980s, Lincoln was a conservatively-run enterprise, with almost half its assets in home loans and only a quarter of its assets considered at risk. It had slow growth at best, and had shown a loss for several years until it made a profit of a few million dollars in 1983. Lincoln then became headed by Charles Keating, who as chairman of a housing construction company, American Continental Corporation, purchased Lincoln in February 1984 for $51 million. Keating fired the existing management. Over the next four years, Lincoln's assets increased from $1.1 billion to $5.5 billion. Such savings and loan associations had been deregulated in the early 1980s, allowing them ...
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