llm taxation what mean with attorney

What is Tax LLM?

Jul 09, 2014 · In the bloated 2006 and 2007 legal market, a JD Candidate in the top 1/3 of the class in a tier one school with either a CPA background or good grades in 4 or more tax classes was a virtual lock for an entry level position in a big firm or the IRS Office of Chief Counsel.

Can I practice law with an LLM degree?

The LLM in Taxation program’s legal focus is tailored to law school graduates and practicing legal experts, as a Juris Doctor (JD) from an accredited law school is required. Professionals who could benefit from this degree program include established attorneys and law school graduates who want to specialize in taxation law, private practice lawyers who typically …

Do lawyers lose money with an LLM?

Dec 12, 2018 · A Tax LL.M. can be a good investment depending on what you are expecting out of the degree. Many law students and even some experienced lawyers probably at one point considered getting an LL.M., a ...

What is a Master of Laws (LLM)?

LL.M Course (cross-listed) | 2 credit hours. Provides an introduction to the study of comparative tax law. The coverage is broad, touching on many countries and types of taxes, as well as the general legal framework for tax law and tax procedure. Emphasis is on the income tax and, to a lesser extent, value added tax.

What does LLM mean for lawyers?

Master of LawsAn LLM, or Master of Laws, is a graduate qualification in the field of law. The LLM was created for lawyers to expand their knowledge, study a specialized area of law, and gain international qualifications if they have earned a law degree outside the U.S. or Canada.

Why do we tax LLM?

The benefits of obtaining an LLM in Tax Law are numerous, as taxation is a field that is integral to many other fields of law. Graduates leave these programs as experts in a high-demand field, and as such they are able to establish themselves as valuable contributors in a variety of job settings.

How hard is LLM in taxation?

Tax LLM classes are rigorous and demanding. For many employers, both JD grades and Tax LLM grades are extremely important. A prospective Tax LLM student who is not genuinely interested in tax is not likely to do well in Tax LLM classes.

What does the title LLM mean?

A Master of Laws (M.L. or LL. M.; Latin: Magister Legum or Legum Magister) is an advanced postgraduate academic degree, pursued by those either holding an undergraduate academic law degree, a professional law degree, or an undergraduate degree in a related subject.

Is a JD higher than an LLM?

LawyerEDU defines the JD "as the initial, postsecondary law degree necessary to sit for the bar examination and practice as a lawyer in a US jurisdiction," and the LLM as "a secondary degree for lawyers who have achieved their JD and passed the bar exam, and who are interested in a focused, specialized course of study ...Jul 12, 2019

Should a CPA get an LLM?

A CPA would be a good credential to have, but an LLM in tax is much rarer. You need to think about what type of practice you want to have. A CPA license is good if you want to do returns or work for a CPA firm. The LLM in tax is good from a tax planning perspective.Jul 15, 2015

Is an LLM a good idea?

The education and skills learned in the LLM program can also have an effect beyond your first job. Although two attorneys with similar time in a big firm or in government may compete for the same jobs, having an extra year of education before coming into that job can be a significant advantage.Jan 14, 2017

Are tax LLMS worth it?

Excellent Mid-Level Litigation Associate Opportunity A Tax LL. M. can be a good investment depending on what you are expecting out of the degree. If you want it for the educational value, you may be able to get the same education at a cheaper price.Dec 12, 2018

Is NYU LLM worth it?

A Tax LLM from NYU is still extremely helpful whether you go in house or jump around firms after getting experience. I would get the Tax LLM OP it's just one year and then you're done. You always have the safety net of returning to your firm after the LLM.Mar 26, 2021

Can you become a lawyer with an LLM?

Though you may be able to study a Law Masters without an undergraduate Law degree, the LLM won't qualify you professionally. If you wish to become a lawyer as a postgraduate, you should consider registering for the SQE.

What's the difference between LLM and MSc?

MSc is master of science and the LLM is master of laws and seem to refer to taught courses rather than masters by research (usually referred to a MPhil).Jul 25, 2007

Can you do an LLM without a law degree?

7. Can I apply if I do not have a law degree? Students without a law background may apply to the LLM programme, but they need to demonstrate a high level of professional or academic experience in areas closely related to the subjects they wish to study.

What is an LLM in taxation?

The LLM in Taxation program’s legal focus is tailored to law school graduates and practicing legal experts, as a Juris Doctor (JD) from an accredited law school is required. Professionals who could benefit from this degree program include established attorneys and law school graduates who want to specialize in taxation law, private practice lawyers who typically encounter taxation issues, and corporate lawyers who regularly work with accounting professionals.

Is a study.com degree required?

While Study.com states this degree is not required for many of these qualifications, the educational opportunity may help candidates secure work in prestigious organizations and government agencies, such as the Internal Revenue Service.

What does LL.M. mean in law?

is required. LL.M. is an abbreviation of the Latin Legum Magister, which means Master of Laws.

What is a LL.M. degree?

Basic information about the Legum Magister or LL.M., degree. The LL.M. (Master of Laws) is an internationally recognized postgraduate law degree. An LL.M. is usually obtained by completing a one-year full-time program.

What does LL stand for in Latin?

In Latin, the plural form of a word is abbreviated by repeating the letter. Hence, "LL.". is short for "laws.". Legum is the possessive plural form of the Latin word lex, which means "specific laws", as opposed to the more general concept embodied in the word jus, from which the word juris and the modern English word "justice" are derived.

What are the requirements for LL.M.?

Graduation requirements for an LL.M. program vary depending on the respective university guidelines. Some programs are research-oriented and require students to write a thesis, while others only offer a number of classes that students must take to complete the course of study.

Is LL.M. part time?

Part-time programs are also available for professionals wishing to complete their LL.M. while working full-time. Prospective students should be aware that there is no universal definition for the term LL.M. It is used in different ways by institutions around the world.

What does LL.M. stand for?

However, an informal acronym for the LL.M. is “Lawyers Losing Money.”. This is primarily because the vast majority of LL.M.s do not provide better career outcomes to those who did not do well in law school while piling on an additional year of law school debt.

Why is LL.M. so dubious?

Some LL.M. programs are so dubious that they are the butt end of jokes. The one exception is the Tax LL.M. This is probably because the degree is very compatible since tax laws interact with just about every other law at some level. Also, tax laws constantly change, sometimes for the better, usually for the worse, ...

Is LL.M. a good investment?

A Tax LL.M. can be a good investment depending on what you are expecting out of the degree. Many law students and even some experienced lawyers probably at one point considered getting an LL.M., a post-J.D. degree known as the Master of Laws. However, an informal acronym for the LL.M. is “Lawyers Losing Money.”.

Is Georgetown Law a full time program?

Annually ranked as one of the top tax programs in the nation, the Graduate Tax Program at Georgetown Law offers a unique combination of world-class full-time and adjunct faculty, more courses than any other program in the nation, and the opportunity to study tax law in Washington, D.C., where the nation’s laws are made, interpreted, and enforced.

Is tax practice and procedure required?

A course in tax practice and procedure is recommended but not required. Students will be graded on written assignments and on class performance during the semester. The course does not have a final written exam. Prerequisite: Federal Income Taxation (formerly Taxation I) LAW 2033 v00 Tax Fraud and Tax Crimes.

Faculty

The NYU Law faculty includes several of the country’s top academic figures in the tax field who specialize in a range of its doctrinal areas: corporate taxation, partnership taxation, taxation of real estate ventures, estate and gift taxation, and international taxation.

Your Tax Curriculum

You can choose from one of our five suggested courses of study in general taxation, business taxation, international taxation (for US-trained attorneys), estate planning, or tax policy. They provide guided paths through our 50+ tax classes so that you establish a strong foundation in the practice area you've chosen for your career.

Part-time Options

Full-time lawyers who pursue the LLM in Taxation on a part-time basis typically complete the requirements in two to three years. For added flexibility, you may opt to take fewer credits in a given semester or integrate up to 12 credits of online classes into your overall curriculum.

Tax Leadership

Since its founding in 1945, NYU Law’s Graduate Tax Program has produced the best and the brightest in the area. Its more than 10,000 alumni are leaders in major law and accounting firms, government, the judiciary, academia, and large corporations worldwide.

Intellectual Life

You will gain exposure to the latest developments in the field and make connections with some of its well-respected leaders at frequent luncheon lectures, events and programs.

Career Resources

For the past number of years, full-time LLM in Taxation graduates were more than 90 percent employed (PDF: 284KB) within 10 months. Get ready for your next career move as you prepare to join NYU Law's network of 10,000+ tax alumni:

Meet the Faculty Director

Brant Hellwig, former dean of the Washington & Lee School of Law, will become the new faculty director of the Graduate Tax Program in January. An expert in federal taxation, he has produced prolific scholarship on a wide range of topics, and co-authored three casebooks in different areas of tax. Read more about Professor Hellwig

What is a masters degree in law?

In law school, you earn a juris doctor degree to grasp the foundations and essential concepts of the law. A master of laws, or LL.M., program narrows your legal education to a specific field, such as taxation, national security, patents and trademarks or business. Many turn to an LL.M. with the belief that the advanced knowledge of some legal field or the post-J.D. education will enhance a resume or overcome a low class rank. Before you plunge into an LL.M. course of study, you need to gauge whether and how much an employer will value a LL.M.

How much does a law clerk make?

Law clerks with at least three years of experience as a law clerk or other positions in the federal judiciary can earn as much as $85,544.

What does a law clerk do?

Law clerks advise judges and help them to write legal decisions and opinions on matters such as bankruptcy and the death penalty. In the federal court system, an LL.M. graduate can qualify as a clerk even if you didn't graduate in the top third of your law class or make editor of the law review. Law clerk salaries are set by ...

What is NALP directory?

The NALP Directory of Legal Employers can show what you may earn from a particular employer that accepts LL.Ms. You can choose to display jobs for any or all of the categories of corporate, government, law firm and public interest. If you're interested in a federal job, visit USAJOBS.gov.

The LLM Degree and International Law

• The LLM degree often proves to be a critical credential for lawyers practicing international law. Many international law firms and private corporations demand lawyers who possess a global perspective and international expertise. Lawyers who achieve an in-depth understanding of co…

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The LL.M Degree: Structure and Design

Admission Requirements