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February 2013 Archives

February 5, 2013

3 In-House Openings in CT



Bliss Lawyers is pleased to announce three temporary attorney positions in Fairfield County CT. The pay for these positions is competitive, with benefits. Interviews will begin as soon as appropriate candidates are identified. If you have the requisite experience and you are interested in being considered for any of the positions described, please click the applicable link below to e-mail your resume as soon as possible. If you are not suited for these positions but you know someone who is, please forward this e-mail as you see fit. If you are not already on our free e-mailing list, you can join and send your resume by
clicking here.

Products Liability Litigator

Bliss Lawyers is seeking a Products Liability Litigator with at least five (5) years of experience to work at a company. The position is full-time and will last at least six (6) months with the possibility of a long-term extension. Candidates should have experience in eDiscovery and handling large and complex case management, including MDLs.

Please click here to e-mail your resume as soon as possible and put your name and "Seeking Products Liability Litigator" in the subject line.

Pharmaceutical Regulatory Attorney

Bliss Lawyers is seeking a pharmaceutical regulatory attorney with at least five (5) years of experience to work in the operations department of a company. The position is full-time and will last about four (4) months. Experience with pharmaceutical and healthcare industry-related issues across the discovery, development and commercialization continuum is required.

Please click here to e-mail your resume as soon as possible and put your name and "Seeking Pharmaceutical Regulatory Attorney" in the subject line.

Pharmaceutical R&D, Sourcing and/or Managed Markets Attorney

Bliss Lawyers is seeking a pharmaceutical attorney with at least five (5) years of experience to work in the operations department of a company. The position is full-time and will last about four (4) months. Experience with R&D, Sourcing and/or Managed Markets is required.

Please click here to e-mail your resume as soon as possible and put your name and "Seeking Pharmaceutical R&D Attorney" in the subject line.

Thank you for your interest.

Best,
Debbie

February 11, 2013

Careers in Psychoanalysis


Transition to a Career in Psychoanalysis


Are you looking for an alternative, additional or post-retirement career? The New York State Education Law was now permits professionals who have masters or higher level degrees from NYS schools to become licensed psychoanalysts without any requirement for prior mental health study or clinical experience. The Manhattan Institute for Psychoanalysis is offering a Licensure Qualifying Program (LQP) that can prepare you to take the NYS exam for analytic licensure. The course of study is part-time, and students can begin earning fees immediately through their supervised clinical work.

The practices of law and psychoanalysis are surprisingly compatible - calling on skills in listening, communicating and understanding the client's needs. And, of course, a lawyer who becomes a mental health provider is uniquely positioned to build a practice counseling other professionals in need. The field is quite hospitable to the older or retired professional - there is no age
limit on entering our institute or maintaining a practice. And there are ways to combine the disciplines if desired.

The LQP of the Manhattan Institute opens the world of psychoanalytic training to individuals with no prior experience providing a course of study and practice in an intimate, open-minded and supportive environment. For more information please write to manhattanlqp@icloud.com and check out our program at www.manhattanpsychoanalysis.com and on Facebook.

401K Plans and Transition

Lawyers in Transition Breakfast | 401K Plans and Transition

Wednesday, February 13, 2013
Neuberger Berman Wealth Management
605 3rd Ave
36th Floor
New York, NY 10158
8:30 a.m. - 10:00 a.m.

Free Networking Breakfast
Sponsored by the Committee on Lawyers in Transition

Start your day off with breakfast and a discussion on transition and personal finance issues. Seth Finkel from Neuberger Berman Wealth Management will discuss the ins and outs of 401K plans and transition.
Coffee and a light breakfast will be provided.

Seating is limited and pre-registration is required. If you register for the event and are unable to attend, please be sure to call and cancel as soon as possible so that we can offer the spot to another NYSBA member. The last day to pre-register online is February 13, 2013. Register online now


Lawyer Referral Service

What You Need To Know about Participating in the Lawyer Referral Service

Thursday, February 28, 2013
The New York Times Building
620 Eighth Avenue (Between 40th and 41st)
New York, NY 10018-140
12:00 p.m. - 2:00 p.m.

Live Program and Free Webcast

Sponsored by the Committee on Lawyers in Transition

Please note: This program does not carry MCLE credit.

This webcast is free* to all attorneys, but pre-registration is required. Seating is limited. NYSBA members and student members are invited to attend in person to be a part of the live audience. The non-member, in person registrant fee is $25.

In-person participants must arrive by 11:30 a.m. Pre-registration is required. The last day to pre-register online is February 28, 2013. Register online now


February 13, 2013

Love Your Job

LYJ (Love Your Job) Search in 2013!

Calling all women jobseekers!

LYJ (Love Your Job) Search provides you with 5 weeks of group coaching and 1 one-to-one coaching session so that you can be well on your way toward achieving fantastic, lucrative job opportunities that are right for YOU while enjoying the process along the way.

In this coaching group, you will:

  • Do thoughtful exercises to gain clarity on your goals, allowing you to move effectively in the right direction and secure a job in a more timely manner.
  • Receive one-to-one "career-matchmaking" including job leads, introductions made on your behalf for informational interviews, and access to an extensive network of contacts in a wide range of fields.
  • Understand the power of networking to get a foot in the door and learn to make better use of your own network.
  • Develop weekly job search goals and have a forum for overcoming setbacks and celebrating achievements.
  • Learn to write a winning resume and customized cover letters, and receive honest feedback.
  • Employ strategies to interview as your best self, as well as negotiate your highest possible salary.
  • Set yourself up to "attract and allow" success rather than struggle for it.
In the one-to-one session you may wish to focus on:
  • In-depth writing of your resume to highlight the many transferable skills and accomplishments you bring to the job.
  • Creating a networking action plan and employing strategies to get the most out of your informational interviews.
  • Mock job interviewing and negotiation conversations.
  • Continued clarity on your career path, such as aligning short-term and long-term career goals.

Limited to 6-10 women to ensure lots of personalized attention.

NYC Dates:

Monday, February 25
Monday, March 4
Monday, March 11
Monday, March 18
Monday, March 25 (BREAK, NO CLASS)
Monday, April 1
All homework and handouts are provided for missed class sessions.

Time and Location for NYC classes: 7:00pm to 9:00 pm; Convenient downtown Manhattan location (details provided upon registration).

Contact Suzanne at lyjnow@gmail.com or (908) 309-5315 to determine if this class is right for you or for an agenda for the 5 weeks. Your space is confirmed once payment is received. The class is $435 for five weekly sessions and one 30 minute one-to-one session.
EARLY Rate: Register by Monday, February 18 and pay $365. (You may also put down a deposit, see below.)

Deposit Option: You may put down a $200 deposit to reserve your space. The final payment will be due on the first day of class or you may submit a post-dated check for 3/1 or 3/15.

Feel free to email me with any questions you may have. I look forward to working with you on your job search for meaningful, fulfilling work!

Best,
Suzanne

February 20, 2013

Seeking 3 CT In-House Pharma Attorneys


3 In-House Pharmaceutical Openings in CT

Bliss Lawyers is pleased to announce three temporary in-house pharmaceutical attorney positions in Fairfield County, CT. The pay for these positions is competitive, with benefits. Interviews will begin as soon as appropriate candidates are identified. If you have the requisite experience and are interested in being considered for any of the positions described below, please click the applicable link to e-mail your resume as soon as possible. If you are not suited for these positions but know someone who is, please forward this e-mail as you see fit. If you are not already on our free e-mail list, you may join and send your resume by clicking here.

Pharmaceutical Regulatory Attorney

Bliss Lawyers is seeking a pharmaceutical regulatory attorney, ideally with 10 or more years of in-house experience to work in the operations department of a Connecticut company. The position is about 40 hours per week and will last about five (5) months, beginning in early May.

Job requirements include experience with:


  • Pharmaceutical and healthcare industry-related issues across the discovery, development and commercialization continuum.

  • Advising and counseling as a lawyer handling legal considerations and implications, in addition to experience in compliance/regulation.

  • FDA rules.

  • Fraud and abuse and anti-kickback laws.

  • Review of promotional materials and experience sitting on promotional review committees.


Job tasks include:

  • Providing significant review of promotional materials, often as part of promotional review committees.

  • Working and coordinating with legal counterparts in other pharmaceutical companies regarding the regulatory process and otherwise.

  • Performing preparatory work for the launch of drugs in the development stage.

  • Providing support for currently marketed drugs.

  • Counseling with respect to legal issues that arise with products.

  • Sitting on committees and attending regular meetings regarding the products.


Please click here to e-mail your resume with your name and "Seeking Pharma Regulatory Attorney" in the subject line, as soon as possible.

Pharmaceutical Managed Markets Attorney


Bliss Lawyers is seeking a pharmaceutical managed markets attorney, ideally with 10 or more years of experience to work in a Connecticut company. The position is 30 - 40 hours per week, beginning as soon as an appropriate candidate is identified and will last about four (4) months.

Job requirements include:

  • Recent hands-on in-house managed market and government experience in pharmaceutical and healthcare industry-related issues.

  • Solid base of FDA knowledge, including knowledge of fraud and abuse and anti-kickback statutes and how these factors work in the back end of business functions.

  • Knowledge of the Trade Agreements Act and local and state laws related to price requirements and reporting.

  • Experience in calculations and what goes into determining the best pricing.

  • Familiarity with the FDA Modernization Act including sections relating to the provision of information to committees.


Job tasks include:

  • Advising on government and commercial pricing, contracting and reporting throughout the managed markets and government spectrum.

  • Helping out with sales teams that go to commercial and hybrid plans and market to government payers.

  • Instituting process improvements in health economic research groups.

  • Generating real world evidence from the customer base to determine what is needed to market and sell materials.


Please click here to e-mail your resume with your name and "Seeking Managed Markets Attorney" in the subject line, as soon as possible.

Pharmaceutical R&D and Sourcing Attorney

Bliss Lawyers is seeking an R&D and Sourcing Attorney with ideally 10 or more years of in-house pharmaceutical experience to work at a Connecticut company. The position is about 30 hours per week and will last 3 - 4 months, beginning in May.

Job requirements include experience:

  • Managing and working on research and collaboration agreements with other entities across the globe.

  • Supporting research with GLP and GCP as well as handling animal research issues.

  • Handling regulatory, compliance, care and control and use issues.

  • Managing the pre-clinical end of the business and early clinical work.

  • Handling issues related to fraud and abuse and anti-kickback statutes.


Job tasks include:

  • Interfacing with the internal client on legal issues that arise.

  • Working on processes and making sure work is being performed efficiently and ensuring that timelines are met.

  • Handling a range of questions from DEA to nuclear regulatory.

  • Managing clinical supply issues and research collaborations with academic institutions.

  • Supporting the clinical development group and handling clinical operations.

  • Managing a panoply of issues that may arise including problems with a specific site, or protocol issues with CIA-related questions.

  • Handling the contracting functions and operations of the clinical trial site, including closure issues and informed consent.

  • Managing medical affairs issues, including investigations and continuing medical education.

  • Supervising processes and ensuring that local and global organizations are working collaboratively and consistently with respect to contracts, purchasing and procedures.

  • Serving as a liaison to outside law firms that handle the company's contracting and otherwise.


Please click here to e-mail your resume with your name and "Seeking R&D & Sourcing Attorney" in the subject line, as soon as possible.

Thank you for your interest.

Best,
Debbie

Trial Academy



Young Lawyers Section Trial Academy
Wednesday, March 20, 2013 through Sunday, March 24, 2013

Cornell Law School
Ithaca, NY

The New York State Bar Association Trial Academy is a five-day trial techniques program that will teach, advance and improve the courtroom skills of lawyers with an emphasis on direct participation. This program is geared towards young lawyers practicing less than ten years, however, it is appropriate for anyone who has taken time away from the courtroom and is looking to brush up on their skills or someone who is transitioning into trial practice.

Under New York's MCLE rule, this program has been approved for a total of 37.5 credit hours; 2.0 credits in Ethics and 35.5 credits in Practical Skills. This program is transitional and therefore suitable for newly-admitted attorneys.

Click here for more information

Retirement Planning Considerations

The Lawyers in Transition Breakfast Series continues! While overlooking a spectacular view of the East River on a sunny morning, a few of us sat in a conference room at the offices of Neuberger Berman and talked with Seth Finkel, Managing Director of Neuberger Berman Wealth Management, and Stan Altmark, a Partner for Joel Isaacson & Co. Seth and Stan provided guidance as to the concerns facing and opportunities available to lawyers in transition, from retirement planning options available to you and the employees of your small or solo firm to the importance of beneficiary designation and other estate planning matters to weighing the pros and cons with regard to taking distributions from or loans against your current retirement investments.

The discussion made it clear to those of us in attendance that, when you enter into a transition, whether by choice or if it is imposed upon you, you need to consider all your 401K and Retirement Plan options. It may be best to work with an accountant, tax, investment and/or other wealth advisor to ensure you have all the information needed to make the best decision for you and your family, but below is an overview of some of the considerations discussed that Wednesday morning.

Your Options:
• You should roll your 401K monies into a new 401K or pension plan provided by your new employer or into a personal IRA account. Another choice is to leave it as is in the existing plan.
• In choosing among these options, consider the investment choices in the provided plan by the new employer and old employer.
• Often employer-offered plans provide an opportunity to invest in options you would not otherwise be able to as those options are only available to high net worth investors (i.e., those who would qualify for the institutional share class) and because, when part of a plan, the fees associated with the option are shared among the investors.
• IRAs tend to give you the most flexibility as you are not limited to the plan choices.
• Roth IRAs get better tax treatment in the future because the funds accumulate tax deferred and you do not pay the taxes when distributed. There may be opportunities to convert Traditional IRAs to Roth Conversion IRAs when your projected tax bracket is low.
• The maximum income levels to contribute to Roth IRAs is $110,000 for single persons and $160,000 for married or joint filers.
• There are retirement plans available for solo practitioners (even if set up as a single member LLC) such as the SEP IRA and Solo 401K.
• With a SEP IRA, you can contribute approximately 20 to 25% of your net income up to $50,000 if you are under 50 years of age or up to $55,000 if you are over 50 years of age.
• Solo 401Ks allow you to leverage your contributions as you can first max out the 401k contribution up to $17,500 and then contribute an additional 20% to 25% of the remaining net income into the plan.

Options for Employees:
• If you have employees, consider making the options you are taking with regard to your desires or obligations available to your employees.
• If you establish a SEP IRA, you can avoid contributing for your employees for a period of time but, after 3 years, you have to contribute equal percentages for your employees as you do for yourself and those contributions vest immediately with the employee.
• If you want the benefits for employees to vest over time or if you would like to make a larger percentage of contribution for yourself rather than your employees, you might want to consider establishing a profit sharing or money purchase plan (with the assistance of an actuary or pension consultant).
• If you are making significant amounts of money in your own practice and want to shelter it from current year taxes, consider establishing Cash Balance or Defined Benefit pension plans for your practice. You may be able to contribute $100,000 extra for Cash Balance plans or $150,000 for Defined Benefit plans. This will require working with a pension actuary.

Investment Allocations:
• Consider your personal preferences and risk tolerances in making allocations.
• If you are far from retirement, you would be better served by investing retirement plans into growth assets (i.e., stock market mutual funds).
• If you are within 5 to 10 years of retirement, you might want to consider placing your rollover monies into a balanced portfolio weighted to equities but, if you have a lower risk tolerance, bonds could be considered as an alternative to equities.

Savings and Money Market Accounts and Short Term Investments:
• If you do not have an immediate need for those funds, you may also consider equity or bond funds or multi-year CDs but, if you need more immediate access (i.e., within 1 to 2 years), you would be better served keeping those monies in cash or liquid investments.
• If you might need to access your money during your transition because of the uncertainties that go hand-in-hand with transition, to cover your living expenses or to pay taxes, you may want to consider savings or money market accounts or other short term investments like treasury bills, CDs and otherwise.
• If you invest in some of these short term options, you need to consider the amount you receive at maturity, the interest rate you will get during the investment term and the time frame during which you will not have access to those funds as well as the consequences if you need to break that investment prior to maturity (such as the penalties which, with CDs are often the sacrifice of interest) as the interest rate you may be receiving from such investment may not be enough to create a benefit, especially if you are paying tax on such interest.

IRAs and Beneficiaries:
• You must be certain to name beneficiaries for your retirement plans and this designation must be in the plan itself and not in a will or other trust document (this is similar to the requirements with regard to insurance policies and employee benefit plans) as these types of instruments pass outside of the will.
• It is best to put a specific name in the beneficiary designation but you can designate a " under Article __ of my will" but this only works if you create a trust in your will. It should be noted that you cannot be vague and state simply "as determined by my executor" or something similar.
• If the beneficiary designation is left blank, the amounts contained in the plan are payable to the estate and, although your intended beneficiary may still acquire access to such funds, that person will not be able to benefit from the strategic income tax deferral planning available.
• An inherited retirement plan is not taxable if rolled into a special Inherited IRA.
• Although the rules requiring plan owners to take minimum distributions from the plan after age 70½, your beneficiary's obligations will be based on his/hers own life expectancy and can therefore spread the obligation out over a longer period of time.
• The monies inherited from retirement plans must be distributed within 5 years of the death of the descendent if not structured properly after death.
• There are also distribution rules regarding Inherited Roth IRAs. Minimum required distributions will be needed during the lifetime of the beneficiary and any amounts distributed from the Inherited Roth IRA are not taxable.

Distributions, Loans and Your Retirement Funds:
• You should try to avoid taking taxable distributions from your retirement accounts.
• Best to leave your retirement accounts alone and use your personal accounts first.
• Whether you are older or younger than 59½ should also weigh into the decision to take distributions as the tax and penalty consequences would differ.
• Distributions taken from plans are taxable income and there is typically a 10% penalty. There are exceptions such as if you are 55 or older where you can take distributions and are required to pay the taxes but taking that distribution would not be subject to the penalty if you are utilizing the distribution monies for higher education payments or for payment of certain medical and health insurance expenses (subject to a legislated formula).
• You can only take a loan against your 401K if you are currently employed and you cannot take a loan against an IRA.
• Some may try and utilize a loan against their 401K as a means to "pay themselves interest" or take money efficiently from an IRA such as where other applicable tax liabilities may offset the tax liabilities for the distribution taken because of the lower income and, therefore, lower tax bracket. Although possible, you need to consider at the net effect of either option as well as consider the impact of losing that investment earnings potential.
• A home equity loan would be preferable to one against your 401K.
• If employed and you have exhausted other options, taking a loan against your 401K is preferable to taking a distribution.

Reported by Jessica Thaler

* * * * *
Stan Altmark (stan@joelisaacson.com; 212-302-6300) specializes in providing comprehensive financial and tax planning solutions to clients, often times developing multi-generational strategies that reflect the values and needs of the client, their children and grandchildren.

Seth Finkel (sfinkel@nb.com; 212-476-5755) works with "high net worth" individuals, closely held businesses, fiduciaries and not-for-profit organizations to coordinate the development and implementation of individualized investment programs.

The Lawyers In Transition Breakfast Series will continue on April 30, 2013 with a discussion on Being a Thought Leader.

About February 2013

This page contains all entries posted to Lawyers in Transition in February 2013. They are listed from oldest to newest.

January 2013 is the previous archive.

March 2013 is the next archive.

Many more can be found on the main index page or by looking through the archives.