Entries by Michael Moradzadeh
News Michael Moradzadeh · Roger Parker · April 27, 2021
Rimon Partners Michael Moradzadeh, Sarah Zhao, Stephen Díaz Gavin and Timothy Gladden selected to be on Law360 Editorial Advisory Boards
News Stephen Díaz Gavin · Sarah (Xiaohua) Zhao · Michael Moradzadeh · Timothy M. Gladden · April 20, 2021
News Michael Moradzadeh · March 19, 2021
Rimon honored in U.S. News and World Report’s “Best Law Firms” 2021, for the eleventh consecutive year
News Michael Moradzadeh · November 09, 2020
News Rodrigo Castillo Cottin · Michael Moradzadeh · October 13, 2020
Rimon CEO, Michael Moradzadeh, featured in the ABA Journal article, Will the COVID Pandemic Fundamentally Remake the Legal Industry?
News Michael Moradzadeh · July 29, 2020
Rimon’s CEO, Michael Moradzadeh, writes about the Path Forward for Law Firms in the Post-COVID World in the American Lawyer Magazine’s Recorder
News Michael Moradzadeh · July 24, 2020
News Michael Moradzadeh · Thomas Fawell · Greg Krafka · July 23, 2020
Law 360 Law Firm Leaders series interviews Rimon CEO Michael Moradzadeh on Rimon’s growth, goals, and handling of COVID-19
News Michael Moradzadeh · May 12, 2020
Insight Michael Moradzadeh · March 30, 2020
Insight Michael Moradzadeh · Jared White · March 25, 2020
Law 360 Report: Is BigLaw ready for its lawyers to work from home? Rimon CEO Michael Moradzadeh shares his thoughts
News Michael Moradzadeh · March 17, 2020
News Michael Moradzadeh · November 07, 2019
News Michael Moradzadeh · March 07, 2019
News Michael Moradzadeh · Dror Futter · Marc Kaufman · March 05, 2019
News Michael Moradzadeh · February 14, 2019
News Michael Moradzadeh · November 14, 2018
News Michael Moradzadeh · November 07, 2018
News Michael Moradzadeh · October 10, 2018
Rimon’s Michael Moradzadeh Writes in the American Bar Association Journal about How Law Firms Need to Adapt for Millennial Partners
Insight Michael Moradzadeh · June 01, 2018
Insight Michael Moradzadeh · March 22, 2018
Insight Michael Moradzadeh · March 20, 2018
News Michael Moradzadeh · Yaacov P. Silberman · March 19, 2018
News Michael Moradzadeh · January 09, 2018
Why Traditional Law Firms are Behind the Automation Curve - Rimon’s Law360 Article Responding to McKinsey Report
Insight Michael Moradzadeh · December 14, 2017
News Michael Moradzadeh · August 29, 2017
News Michael Moradzadeh · James C. Chapman · John R. Mussman · August 11, 2017
News Michael Moradzadeh · July 24, 2017
Rimon Law Named Technology Sector Law Firm of the Year in California 2017 by Global Law Experts Awards, Again
News Michael Moradzadeh · June 14, 2017
Insight Michael Moradzadeh · May 10, 2017
Insight Michael Moradzadeh · Thomas M. White · March 14, 2017
News Michael Moradzadeh · January 10, 2017
Rimon’s CEO Michael Moradzadeh will be presenting at Accenture’s Global Centre for Innovation in Dublin on December 14, 2016.
Event Michael MoradzadehMr. Moradzadeh will be speaking on the changing landscape of the legal industry and what legal services will look like in the next 5 years. He will be part of an expert panel configured, among others, by Associate Dean of the Stanford Law School and other entrepreneur/academics like Roland Vogl.
Financial Times commends Rimon in its list of the six “Most innovative North American law firms 2016: Redesigning the service model”
News Michael Moradzadeh · Yaacov P. Silberman · December 07, 2016
News Michael Moradzadeh · November 01, 2016
News Michael Moradzadeh · November 01, 2016
Event Michael MoradzadehRimon Founder and CEO Michael Moradzadeh will be speaking at Santa Clara Law School on the business dynamics of a law firm. Mr. Moradzadeh will explain his experience working in Big Law and how that led him to find the opportunity in the marketplace to found a modernized and improved law firm. He will also discuss how Rimon’s business system is
News Michael Moradzadeh · October 03, 2016
Insight Michael Moradzadeh · July 17, 2016
Insight Michael Moradzadeh · July 15, 2016
Rimon Law Named Technology Sector Law Firm of the Year in California 2016 by Global Law Experts Awards
News June 24, 2016
Insight Michael Moradzadeh · June 15, 2016
Insight Michael Moradzadeh · June 01, 2016
Insight Michael Moradzadeh · February 26, 2016
News Michael Moradzadeh · February 14, 2016
News Michael Moradzadeh · Yaacov P. Silberman · January 20, 2016
Insight Michael Moradzadeh · Bernays T. (Buz) Barclay · November 02, 2015
On October 19, 2015 the following article written by Rimon's Michael Moradzadeh and Buz Barclay was published in Law 360. You can also see the article on the Law 360 site here.
Earlier this year an International Trade Commission Law Judge found that Dacheng Dentons, a 6,000 + lawyer enterprise structured as a Swiss verein, holds itself out in its marketing to be a single, global law firm.
Well, of course it does. Convincing clients, and lawyer recruits, that you are a huge law firm is pretty much the whole point of being huge. In pursuit of the largest companies with the largest, highest value engagements, and in pursuit of ambitious legal talent, size matters. The vereins are hugely successful at it so far, but they are hardly unique in seeking hugeness recognition.
Law360 Features Rimon’s Flexible Business Model in Article Named “BigLaw Facing Talent Drain As Men Flee For Flexibility”
News September 01, 2015
News September 01, 2015
UC Hastings Law School Study on Disruptive Innovation, New Models of Legal Innovation Features Rimon
News September 01, 2015
News Michael Moradzadeh · June 16, 2015
Insight Michael Moradzadeh · March 17, 2015
Insight Michael Moradzadeh · February 02, 2015
Insight Michael Moradzadeh · January 05, 2015
News Michael Moradzadeh · Yaacov P. Silberman · December 08, 2014
Insight Yaacov P. Silberman · Michael Moradzadeh · November 14, 2014
Insight Michael Moradzadeh · June 23, 2014
Insight Michael Moradzadeh · November 27, 2011
This blog post was prepared by Inna S. Wood and Michael Moradzadeh.
Approximately one month is left for California employers to revise their employment contracts. The bill (SB 459) introduced by Senator Ellen Corbett on February 16, 2011 on employees’ misclassification was signed into law by California Governor Jerry Brown on October 9, 2011. It adds two new sections to the California Labor Code (i.e., Sections 226.8 and 2753) which establish the liability of employers for misclassifying their employees as independent contractors. The law becomes enforceable on January 1, 2012.
Insight Michael Moradzadeh · November 01, 2011
This blog post was prepared by Inna S. Wood and Michael Moradzadeh.
The Private Company Flexibility and Growth Act (H.R. 2167), referred to as the “Facebook Rule” by many internet bloggers, was introduced in the House by Rep. David Schweikert (R-AZ) on June 14, 2011. Its main theme is to increase the shareholders of record threshold requiring the mandatory registration of a private company with the SEC from 500 to 1,000 shareholders. The act modifies the original shareholder limit that was established by Section 12 (g) of the Securities Exchange Act in 1964 and has not been revised since. It also exempts accredited investors and employees from that count.
Insight Michael Moradzadeh · July 18, 2011
A business is defined by what it sells. A fairly obvious proposition, one would think. Well, then, what is it that law firms sell? The obvious answer should be solutions to legal problems. But, too many law firms are not in the business of selling those services, they are oddly in the business of selling hours.
Insight Michael Moradzadeh · June 30, 2011
The most radical changes in law firm billing which have occurred during the last two years has been the advent of value billing Alternative Fee Arrangements (“AFA’s). These billing arrangements are aimed at destroying or at least seriously maiming the invidious hourly billing process, which creates economic incentives for inefficiency. The hourly rate may be either dead, suffering a lingering death or in a simple state of somnolence, depending only on whether the observer is an optimist, a pragmatist or an ostrich.
Insight Michael Moradzadeh · June 13, 2011
The evolution of alternative fee arrangements and value billing.
Insight Michael Moradzadeh · June 09, 2011
The traditional top-tier law firm model is based on a business structure of years gone by. Consequently law firms are operating inefficiently and in an antiquated fashion. This leads to under-served clients and a high rate of dissatisfaction among top-tier lawyers.
There is a better way. By modernizing the law firm business model, and thus allowing attorneys more freedom to serve their clients, firms, attorneys, and clients will all benefit.
EventBorn to a family that traces its roots in Esfehan, Iran, Michael Moradzadeh will speak on how Iran has slowly evolved from a dictatorship to a participatory theocracy and the nature of the current conflict among political parties in Iran today. Michael Moradzadeh is a founder of the Rimon Law Group, the head of the International Delegation Group of the
EventA discussion with real estate investors as to which entity choice is best for their investment vehicles.
Insight Michael Moradzadeh · March 10, 2011
The traditional law firm is based on an outdated feudal system that creates inefficiency, unhappy lawyers, and underserved clients. Adopting business models from other industries, cloud computing, and virtualization has allowed for new law firm models. These models allow attorneys better lives through increased freedom and productivity, and also allow for better client service.
Insight Michael Moradzadeh · February 21, 2011
Cloud technology allows attorneys to work anywhere they have a secure internet connection. This provides for greater flexibility, happier lawyers, higher profits, and better-served clients. However, a pure virtual law firm is not the answer. Law firms need to think outside the cloud: they need to utilize all the benefits of the 21st Century without throwing out the important aspects of traditional law firms in the process.
Insight Michael Moradzadeh · January 12, 2011
In Uniloc v. Microsoft, an appeals court issued a decision that may change how infringement damages are calculated by precluding the use of the "25 percent rule of thumb" which has been used to calculate damages in most patent cases for the past fifteen years. This decision marks an important step towards requiring patent plaintiffs to rigorously prove damages with facts connected to the value of the patented invention, and it is likely that future courts will more strictly scrutinize patent damages evidence.
Insight Michael Moradzadeh · March 19, 2010
Forming an LLC or a corporation is an important first step to achieving tax benefits and protection from liability. In order to preserve these important benefits, however, it is very important that your company is maintained properly. Otherwise, you run the risk that the separate nature of your company will be ignored by the IRS or a court of law. While there is no substitution for the sound advice of experienced counsel, a few simple steps will help ensure that you reap the benefits of your LLC or corporation for as long as they exist. The minimum requirements for maintaining corporations and LLCs is that they must: 1) maintain adequate capitalization; 2) keep clean financial and legal records; and 3) be treated as separate and distinct from its owners.
Insight Michael Moradzadeh · February 02, 2010
An LLC can be treated as an S-Corporation for tax purposes if it makes an S-Corporation election as long as the entity meets the IRS criteria to be taxed as an S-Corp, files an S-Corp election and gets approved by the IRS to be taxed as an S-Corporation. Without an S-Corporation election, single member LLCs default to be taxed as sole proprietors and a multi-member LLCs defaults to be taxes as partnership since they are considered “disregarded entities”. However, if a single or multiple member LLC agreement meets the IRS criteria to be classified as a small business corporation, the S-corporation election is filed and gets approved by the IRS, then for tax purposes, not legal purposes the entity is an S Corp not a LLC.
Insight Michael Moradzadeh · February 01, 2010
In order to be classified as an S-Corporation, a company must: be domestic, have no more than 100 shareholders, have one class of stock, all shareholders must be individuals, decedents’ estates, bankruptcy estates, trusts or tax-exempt charitable organizations, or wholly owned by another S corporation, and all shareholders must be residents of the United States (as defined by the tax code not immigration laws). Shareholders of an S-Corporation can not be financial institutions that use a reserve method of accounting for bad debts, companies taxable as insurance companies, taxable mortgage pools, or domestic international sales corporations. So, if a business entity meets these criteria it can be considered an S corporation by the IRS and taxed as an S corporation as long as the S corporation election forms are properly filled-out and approved by the IRS. Many states including California automatically give business entities an S-corporations tax status if it was approved by the IRS.
Insight Michael Moradzadeh · January 31, 2010
Many small business owners incorporate their businesses not only for legal protection, but also to reduce owners’ payroll taxes through S-Corp tax election with the IRS. One advantage of an S-Corp is that it gives business owners the ability to reduce their self-employment taxes. Any small business owner who has not made an S-Corp election and uses Schedule C for their personal tax return for 2010 is subject to both employer and employee FICA and Medicare payroll taxes at 15.3% up to $106,800, 2.9% Medicare for Schedule C net income greater than $106,800, and California SDI for 1.1% up to 93,316. If a business owner pays himself/herself a “reasonable salary”, the rest of the net income is not subject to these payroll taxes.
Insight Michael Moradzadeh · November 16, 2009
Dow Jones VentureSource is one of the most popular nationwide venture capital date reports in the United States. VentureSources published its latest data on the development of venture capital investments in the third quarter of 2009. Below are some overviews observed by VentureSource.
- With 616 venture deals and $5.1 billion invested, Q3 is a 6% drop over Q2;
- IT investment barely outpaces health care;
- Web2.0 investments surpassed the software sector for first time on record;
- Medical device investments nearly match biopharmaceuticals;
- Corporations investing instead of acquiring, commitments to VC-backed firms surpasses 2008 total;
- $5 million median deal size on par with Q1&Q2, but still lowest since 1999.
It is undeniable that the investments and fundraising by venture capitalists remained at low levels in 3Q’2009, but there is room for optimism as the economy is picking up slowly and Nasdaq continued to improve. In addition, with regard to the largest U.S. deals overall in 3Q’2009, eight deals are conducted in California, such as Facebook, Tesla Motors, and Pacific Biosciences of California, etc.
Insight Michael Moradzadeh · October 21, 2009
The United States Court of Appeals for the Second Circuit, in a September 10, 2009 ruling, held that an employer can be held liable for discriminatory hiring decisions made by its independent contractors. The case involved an independent contractor acting on behalf of the employer, telling the plaintiff that “they were looking for someone younger”.
The Second Circuit ruled that, even if the hiring decision is made by the authorized independent contractor, the employer was still responsible for the discriminatory hiring decision by the independent contractors. In a worse scenario, even if the independent contractor does not have the actual authority but the applicant thought that it did (“apparent authority” in legal terms), the employer is still liable.
Considering the harsh economy and fewer job opportunities these days, employers should be more cautious since the job applicant is more inclined to sue if he/she cannot get the job. Employers should avoid asking job applicant questions such as race, religion, national origin, gender and age, etc during the interview process; when entering into the independent contractor contract, it is a good idea to add an indemnification clause asking the independent contractor to indemnify the employer for any liability arising from the hiring process conducted by the independent contractor.
Insight Michael Moradzadeh · August 28, 2009
Clean Tech is generally considered to include multiple advanced technologies in four economic sectors: energy, waste, materials, and transportation. These technologies break down in categories such as energy generation and storage, water and wastewater, air and environment, etc. There is no clear-cut definition for a “Clean-Tech” Company, but as shown by its name, a clean-tech company should be a company equipping its core business with clean technology. As a related concept, Clean-tech Law contemplates a diverse set of legal issues related to the commercialization of clean technology, and the more traditional legal areas of clean technology law include intellectual property, patent law, licensing, litigation, and federal state legislative and regulatory issues.
Insight Michael Moradzadeh · August 19, 2009
S-Corporations are corporations that elect to be treated as pass-through entities by the IRS. In order to qualify for S-Corporation status a corporation needs to satisfy several conditions, including the following: 1) all shareholders must be residents of the United States; 2) the corporation may only have one class of shareholders and may not have more than 75 shareholders; and 3) the company’s shareholders must be any of the following: individuals, estates, certain trusts, certain partnerships, tax-exempt charitable organizations, and other S corporations (but only if the other S corporation is the sole shareholder). This means S-Corporations may not be owned by other C-Corporations, LLCs, or foreign residents. If any of the requirements are not met at any time, the corporation automatically loses its S-Corporation status and will be treated as a a C-Corporation.
Insight Michael Moradzadeh · August 19, 2009
Whenever a corporation or limited liability company does business (i.e. enters contracts or agreements) in a state other than the state in which they are domiciled, they are required to do a foreign filing in that state. For example, if a business is incorporated in Delaware, but has an office and/or employees based in California, that business needs to do a foreign filing in California. In such a situation the corporation will need to pay franchise taxes in both Delaware and California.
Insight Michael Moradzadeh · August 19, 2009
This can be a very complex question. If you are looking to grow the company and get outside investment, then you should probably form an entity in Delaware. If your entity will have real estate holdings Nevada might also be a good option. Otherwise, it might make the most sense to simply form the entity in the state where you will be conducting most of your business.
Insight Michael Moradzadeh · August 01, 2009
Can a part-time employee hold another job while working for you? Can he or she work for a direct competitor a year after he involuntarily leaves his employment? Does this change if he owns part of your business? What if the competitor is anywhere in the world instead of in the samecounty? Different states have different laws regarding the strictures that will be enforced once a worker leaves your company. These laws are affected by the stability of the economy. It is important for your company’s future and stability, that you take full advantage of whatever protections the applicable law affords.
Insight Michael Moradzadeh · July 18, 2009
In a pass-through (or flow-through) entity, the entity’s income and expenses “pass through” the entity and are treated as the income and expenses of its owners. LLCs and S-Corporations are pass-through entities. This differs from a C-Corpoartion (which is the default form of corporation) which is taxed a corporate income tax at the end of the fiscal year in addition to the personal income taxes and dividend taxes that its owners and employees pay. Federal corporate income tax is about 15% to 35% of profits, and most states also have corporate income tax. This means after a C-Corporation has paid its expenses for the year, it will be taxed at least 15%-35% of whatever is left above the amount the company started with that year. If the company is an LLC or an S-Corporation, there is no corporate tax, and indeed the owners can even apply losses of the company against their personal income.
Insight Michael Moradzadeh · July 17, 2009
If your business only has a few investors and you do not anticipate receiving outside financing in the near future, an LLC is probably best for you because of its flexibility, simplicity, and pass-through taxation (see blog entry on pass-through taxation). However, if you want a board of directors that is distinct from the officers and/or shareholders of the company, or if you are looking for institutional investors, then a corporation is probably a better form of entity because of its more organized and established structure of governance.
Insight Michael Moradzadeh · July 16, 2009
A corporation is made up of three groups of people – the shareholders, the board of directors and the officers, although the same person can hold multiple positions. The board of directors is formally elected by the shareholders and represents their interests. It is the board of directors that hires the officers of the company, also known as the management. The management’s job is to oversee the day-to-day operations of the company. Major decisions, however, require the approval of both the shareholders and the board of directors. A corporate structure is thus a highly organized and rigid structure of governance that can often be quite burdensome. A corporation requires a slew of corporate governance documents that must be frequently updated. It also requires that annual meetings be held for shareholders and the board of directors.
LLC stands for “limited liability company”. Generally it provides the same legal protections from personal liability as a corporation, however it is governed more like a partnership than a corporation. Whereas a corporation’s owners are called shareholders, the owners of an LLC are known as members. An LLC does not require a board of directors or even officers and can simply be managed directly by its members, if so desired. It can also be structured more like a corporation, with managers that are distinct from its owners. LLCs allow for significantly more flexibility than do corporations. For instance, the owners of an LLC can allocate distributions in whichever way they see fit. Even if the ownership of an LLC is split 60/40, the owners can decide to split the profits 50/50 – something that is not possible in a corporation without a significantly more complicated structure.
Insight Michael Moradzadeh · July 15, 2009
A limited liability entity (a corporation or an LLC) provides both financial and liability benefits. The financial benefits include the ability to deduct more business expenses from annual revenue when calculating taxable income than would be possible without an entity. Forming a limited liability entity also helps protect your personal assets in the event of a lawsuit or from debtors in a situation where your business’s liabilities exceed its assets. This means that as the owner of limited liability company, your personal assets will not be placed at risk because of the actions of your company, as long as the company is kept separate from your personal assets. This requires the corporation or LLC to: 1) make sure the company is adequately capitalized (it has the money necessary to cover the reasonably predictable legal and business responsibilities of the business); 2) that the company keeps clean accounting books and has accounts that are separate from the personal accounts of its owners or employees; and 3) that all legal documents are adequately maintained and the company complies with corporate governance laws.
Also, forming a corporation or llc usually makes it easier for a business to borrow money and to sell all or parts of the business in the future. It is important to note that the longer a business operates without a legal entity, the more complicated and expensive it becomes to transform it into one. For this reason it is very important to form a legal entity as soon as feasible.