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To LL.M. (Tax) or not to LL.M (Tax)—That is the question Prof. Mombrun Prof. Branch Assistant Dean Morgan.

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Presentation on theme: "To LL.M. (Tax) or not to LL.M (Tax)—That is the question Prof. Mombrun Prof. Branch Assistant Dean Morgan."— Presentation transcript:

1 To LL.M. (Tax) or not to LL.M (Tax)—That is the question Prof. Mombrun Prof. Branch Assistant Dean Morgan

2 Rough Estimate of tax student career path First Tax Class -- Last Tax Class More JD Tax Classes LL. M. Program Tax Court Law Clerk

3 First & Last Tax Class = No More Steps Congratulations !

4 First Tax Class Seriously – an eye opener First time in law school where you get a real answer in class --Not usually—It depends or what do you think? --Normally, either you meet the statutory requirements or you do not --Love at first sight --or you heard that tax lawyers make good money—Love at first sight

5 Benefits of an LL.M. Improve tax job placement significantlyImprove tax job placement significantly Almost a requirement these daysAlmost a requirement these days Improve substantive tax knowledge—BIG TIMEImprove substantive tax knowledge—BIG TIME Improve practical knowledgeImprove practical knowledge

6 Benefits of LL.M Preparation for career at:Preparation for career at: IRS or Gvt. AgencyIRS or Gvt. Agency Law Firm or Accounting FirmLaw Firm or Accounting Firm Business or Estate Planning Business or Estate Planning TeachingTeaching Choosing New Business EntitiesChoosing New Business Entities In-House CounselIn-House Counsel Real EstateReal Estate

7 Benefits of LL.M. ProbateProbate Personal Income TaxPersonal Income Tax Local GovernmentLocal Government

8 Preparing for an LL. M. Corporate TaxCorporate Tax Advanced Income TaxAdvanced Income Tax VITAVITA –Coordinator –Director –Volunteer Tax PaperTax Paper Tax externship or internshipTax externship or internship Partnership TaxPartnership Tax Tax ProcedureTax Procedure Gift & Estate TaxGift & Estate Tax Income Tax of Trusts & EstatesIncome Tax of Trusts & Estates State & Local TaxState & Local Tax Tax Club?Tax Club? Join ABA Tax SectionJoin ABA Tax Section and

9 You are in your third year? See what you can do from previous slideSee what you can do from previous slide Secure really good recommendations from your tax professorsSecure really good recommendations from your tax professors Make sure you get the best possible grades in your tax classes and business classesMake sure you get the best possible grades in your tax classes and business classes Prepare your application carefully and highlight what makes you unique or differentPrepare your application carefully and highlight what makes you unique or different

10 You are in your second year! More flexibility!More flexibility! Complete list in slide #8Complete list in slide #8 Do well in your tax and business classesDo well in your tax and business classes Secure really good recommendationsSecure really good recommendations Convince your professors that you really want to get that LL.M.Convince your professors that you really want to get that LL.M.

11 Before the LL. M. Program Apply in Sept/Oct of 3L yearApply in Sept/Oct of 3L year –Rolling Admissions Make good grades in all your Tax ClassesMake good grades in all your Tax Classes Take as many Tax Classes as PossibleTake as many Tax Classes as Possible Write a Tax ArticleWrite a Tax Article –Get Published – Enter Competitions!

12 Which program to apply to? Go for the top!Go for the top! Caveat: Be sure you know what you want and where you want to be!Caveat: Be sure you know what you want and where you want to be! Above all—APPLY, APPLY, APPLYAbove all—APPLY, APPLY, APPLY DO NOT TAKE YOURSELF OUT OF THE RUNNING—THIS IS NOT YOUR JOB!!DO NOT TAKE YOURSELF OUT OF THE RUNNING—THIS IS NOT YOUR JOB!!

13 Special Mention—U of Florida Consistently ranked #1 or #2Consistently ranked #1 or #2 Rigorous program and very well respectedRigorous program and very well respected Relatively affordableRelatively affordable One year of Florida weatherOne year of Florida weather Constantly looking to improveConstantly looking to improve

14 Special Mention-- Northwestern Program started in 2002 and they are already ranked #4 by US NewsProgram started in 2002 and they are already ranked #4 by US News They appear very aggressive and committed to the growth of the programThey appear very aggressive and committed to the growth of the program 94% of graduates employed within 9 months of graduation94% of graduates employed within 9 months of graduation TARE—Tax Attorney Recruitment EventTARE—Tax Attorney Recruitment Event –Started recruitment drive 2 years ago with the University of Florida and Boston University

15 What’s the LL. M. Program Like? Like your 1L year … again!Like your 1L year … again! Problem-solving based classesProblem-solving based classes Much more reading, researching, & studyingMuch more reading, researching, & studying Saturation of informationSaturation of information Possible thesis paperPossible thesis paper Makes JD look like kindergartenMakes JD look like kindergarten

16 Applying for Jobs in Today’s Market Résumés vs. NetworkingRésumés vs. Networking Cover LetterCover Letter –Don’t start off with Mickey Mouse opening –Sign your name!!! –Proofread and reproof for errors and awkward phrasing Complete application packetComplete application packet Join Tax Section CommitteesJoin Tax Section Committees PASS THE BARPASS THE BAR

17 To LL.M (Tax) or not to LL.M. (tax) T h e E n d


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