August 23, 2007

Looming 409A Deadline: Large Group of Law Firms Plead for Postponement

Quite a few law firms have been sending memos to clients in recent days warning of the pitfalls of the upcoming 409A deadlines, which will require many companies to make changes to their deferred compensation arrangements. A few days ago, 92 of America’s most prominent law firms sent a letter to the IRS and Treasury asking that the 409A deadline get pushed back to the end of 2008. We have posted this letter in the “Deferred Compensation Arrangements” Practice Area on

The New “Billable Hour” Gold Standard: $1,000 Per

Yesterday, the WSJ ran this article about the growing number of attorneys that now charge $1,000 per hour. Certainly makes our humble websites seem like a bargain…

A Second Night of Music

The NASPP is excited to announce a second night of music and dancing at the 2007 NASPP Annual Conference. On Thursday, October 11th, Merrill Lynch is sponsoring a gala reception featuring the band “Café R&B.” We hope you will join the NASPP for this high-energy rhythm and blues band, which promises to be an exciting evening of entertainment. Note that the concert is offered to NASPP Conference session attendees only; advance registration is not required.

Register Now for the 2007 NASPP Annual Conference: Don’t miss this year’s keynote presentation by the SEC’s Division of Enforcement Director Linda Chatman Thomsen, catch the latest on Section 409A from current and former IRS and Treasury staff, and learn about best practices and developments in 123(R) and stock plan accounting. The NASPP Conference features a full two and a half day program of critical updates and practical guidance; read the “Top Ten Reasons You Need to Attend.” As a bonus, the Conference includes’s “4th Annual Executive Compensation Conference.”

– Broc Romanek