In The News

Jackalope Brewing Company Opening in 2011

In spring of 2011, Will Cheek’s client, Jackalope Brewing Company, LLC, will open a craft brewery and taproom at its new location on 8th Avenue South, near the Gulch.

Operated by Bailey Spaulding and Robyn Virball, this will be the first entirely female run commercial brewery in Tennessee.  The taproom will feature four different draft brews including a rotating tap for experimental and seasonal beers to be available at Nashville bars and restaurants.

Click for more on this story at WKRN.com, "Local women plan to open brewery downtown."


 

Jackalope Brewing Company Opening in 2011

In spring of 2011, Will Cheek’s client, Jackalope Brewing Company, LLC, will open a craft brewery and taproom at its new location on 8th Avenue South, near the Gulch.

Operated by Bailey Spaulding and Robyn Virball, this will be the first entirely female run commercial brewery in Tennessee.  The taproom will feature four different draft brews including a rotating tap for experimental and seasonal beers to be available at Nashville bars and restaurants.

Click for more on this story at WKRN.com, "Local women plan to open brewery downtown."

 

James Crumlin Named Young Leader of the Year

Bone McAllester Norton congratulates attorney James Crumlin on receiving the Young Leader of the Year Award from the Young Leaders Council. This award is given in recognition of the achievements and contributions of an outstanding Alumni of Young Leaders Council.


Congratulations to James on this well-deserved recognition.


James Crumlin Named Young Leader of the Year

Bone McAllester Norton congratulates attorney James Crumlin on receiving the Young Leader of the Year Award from the Young Leaders Council. This award is given in recognition of the achievements and contributions of an outstanding Alumni of Young Leaders Council.

Congratulations to James on this well-deserved recognition.

Popcorn Sutton’s Moonshine Legacy

This week, Will Cheek’s client J&M Concepts, LLC placed the first Tennessee White Whiskey, aka moonshine, in Nashville bars.  Partners Jamey Grosser, a former professional Supercross motorcycle racer, and Hank Williams Jr. are partners in J&M Concepts, LLC along with Marvin “Popcorn” Sutton’s wife.  After Popcorn committed suicide at age 62 rather than go to jail for selling untaxed liquor Jamie was determined to pass along Popcorn’s legacy and his moonshine methodology.


“You’ve still got to be careful, though,” Hank Williams Jr. said. “It tastes exactly the same as what Popcorn made, and it’s so smooth you sometimes don’t realize what you’re drinking. Like I’ve heard Jamey (Johnson) say, there’s at least one famous Tennessee whiskey, and now there are going to be two. This one will be in a Mason jar.”


Click here to read more about Popcorn Sutton in the November 12, 2010 Tennessean front page article, “Hank Williams Jr. helps continue Popcorn Sutton’s moonshine legacy.”


 

Popcorn Sutton’s Moonshine Legacy

This week, Will Cheek’s client J&M Concepts, LLC placed the first Tennessee White Whiskey, aka moonshine, in Nashville bars.  Partners Jamey Grosser, a former professional Supercross motorcycle racer, and Hank Williams Jr. are partners in J&M Concepts, LLC along with Marvin “Popcorn” Sutton’s wife.  After Popcorn committed suicide at age 62 rather than go to jail for selling untaxed liquor Jamie was determined to pass along Popcorn’s legacy and his moonshine methodology.

“You’ve still got to be careful, though,” Hank Williams Jr. said. “It tastes exactly the same as what Popcorn made, and it’s so smooth you sometimes don’t realize what you’re drinking. Like I’ve heard Jamey (Johnson) say, there’s at least one famous Tennessee whiskey, and now there are going to be two. This one will be in a Mason jar.”

Click here to read more about Popcorn Sutton in the November 12, 2010 Tennessean front page article, “Hank Williams Jr. helps continue Popcorn Sutton’s moonshine legacy.”

 

Anne Arney Adds Healthcare Expertise to Bone McAllester Norton

Anne Sumpter Arney, an experienced attorney in health care law, has become a partner of Bone McAllester Norton, Chairman Charles W. Bone announced today.


“Anne is one of the leading Nashville attorneys in health care law, and we are pleased to have her expertise and guidance in this area,” Mr. Bone said.  “Nashville is recognized nationally and internationally as a health care industry mecca with a local impact of nearly $30 billion and over 200,000 jobs.  We’re privileged to have Anne’s leadership in this ever-growing field.”


Ms. Arney has been practicing law for nearly 30 years, serving clients in general business and the health care industry.  Ms. Arney represents clients in matters ranging from general corporate to complex transactions.  She has extensive experience with the health care industry, representing businesses and health care providers in corporate, operational, and regulatory matters.


“I look forward to practicing law with Bone McAllester and Norton,” Ms. Arney said.  “I have had the opportunity to work with many of the attorneys at the firm and I know the high quality of services they provide to their clients.”


Ms. Arney is a member of the Nashville, Tennessee and American Bar Associations, the American Health Lawyers Association, and is a Fellow of the Nashville and Tennessee Bar Foundations.  She serves on the Board of the Nashville Bar Association and is a member of the American Bar Association’s Section on Health Law and the Tennessee Board of Medical Examiner’s Committee on Physician’s Assistants.


She has been a guest speaker on the topics of health care and corporate law for industry and professional associations and has authored a number of articles for medical and legal publications.


A native of Livingston, Overton County, Tennessee, Ms. Arney is an alumna of Vanderbilt University where she graduated cum laude with a bachelor of arts in English.  She received her law degree from Washington & Lee University School of Law in Lexington, Virginia.


She is married to Steven L. Gilpatrick.


 

Anne Arney Adds Healthcare Expertise to Bone McAllester Norton

Anne Sumpter Arney, an experienced attorney in health care law, has become a partner of Bone McAllester Norton, Chairman Charles W. Bone announced today.

“Anne is one of the leading Nashville attorneys in health care law, and we are pleased to have her expertise and guidance in this area,” Mr. Bone said.  “Nashville is recognized nationally and internationally as a health care industry mecca with a local impact of nearly $30 billion and over 200,000 jobs.  We’re privileged to have Anne’s leadership in this ever-growing field.”

Ms. Arney has been practicing law for nearly 30 years, serving clients in general business and the health care industry.  Ms. Arney represents clients in matters ranging from general corporate to complex transactions.  She has extensive experience with the health care industry, representing businesses and health care providers in corporate, operational, and regulatory matters.

“I look forward to practicing law with Bone McAllester and Norton,” Ms. Arney said.  “I have had the opportunity to work with many of the attorneys at the firm and I know the high quality of services they provide to their clients.”

Ms. Arney is a member of the Nashville, Tennessee and American Bar Associations, the American Health Lawyers Association, and is a Fellow of the Nashville and Tennessee Bar Foundations.  She serves on the Board of the Nashville Bar Association and is a member of the American Bar Association’s Section on Health Law and the Tennessee Board of Medical Examiner’s Committee on Physician’s Assistants.

She has been a guest speaker on the topics of health care and corporate law for industry and professional associations and has authored a number of articles for medical and legal publications.

A native of Livingston, Overton County, Tennessee, Ms. Arney is an alumna of Vanderbilt University where she graduated cum laude with a bachelor of arts in English.  She received her law degree from Washington & Lee University School of Law in Lexington, Virginia.

She is married to Steven L. Gilpatrick.

 

Rob Pinson to Present Top 10 Year-End Tax Planning Strategies

Bone McAllester Norton attorney Rob Pinson will present the Top 10 Year-End Tax Planning Strategies on November 18th from 8:30am – 10:30am.


  This event is designed for business owners and hosted by KraftCPAs, Accelerent and Bone McAllester Norton.


Topics Include (but not limited to)
• Best ways to take cash out of the company
• Rules for related party deductions
• Research & development tax credits you might have overlooked
• Accelerated depreciation options and strategies
• Using retirement plans to their full tax benefit potential
• Tennessee state tax issues and opportunities
• Update on new and/or expiring tax legislation
• The pros and cons of Roth IRA conversions this year
• Gifting strategies to avoid taxation
• Making charitable contributions from retirement plans


Location: KraftCPAs’ Nashville Office, 555 Great Circle Road (Metro Center)


 

Congratulations to 37 of our Clients for Winning in 53 Categories of the Nashville Scene’s Best of Nashville Reader’s Poll

The Alcoholic Beverage Group at Bone McAllester Norton PLLC congratulates 37 of our clients for their well deserved recognition in the Nashville Scene’s 2010 Best of Nashville Reader’s Poll.


  These are the winners in an impressive 53 categories:


Arnold Myint
Best Chef


Arrow
Best Strip Club


Artrageous
Best Charity Event


Baja Burrito
Best Burrito
Best Fish Taco


Belcourt
Best Move Theater
Best Place for a Cheap Date


Beyond the Edge
Best Sports Bar
Best Place to Throw Darts


Black 13
Best Tattoo Studio


Bud’s
Best Liquor Store


Café Coco
Best Late-Night Eats
Best Patio
Best After-Hours Hang


Five Guys
Best French Fries
Best Cheeseburger


Fleming’s
Best Steakhouse


Frist Center for the Visual Arts
Best Museum
Best Art Show - Chihuly at Cheekwood
Best Art Show - Golden Age of Couture at Frist
Best Place for a Cheap Date
Best Place to Take Kids When its Raining


Gigi’s Cupcakes
Best Place to Buy Cupcakes


Gold Rush
Best French Fries
Best Cheap Eats
Best Late-Nights Eats
Best Neighborhood Bar
Best Happy Hour
Best Sports Bar
Best Bar to People-Watch
Best Bartender, Patrick Noles


Grace’s Wine and Spirits
Best Liquor Store


Hutton Hotel
Best Boutique Hotel


Losers
Best Music Industry Hang


Mafiaoza’s
Best Family-Friendly Restaurant


McFadden’s
Best Place to Meet Single Women


Midtown Wine & Spirits
Best (most knowledgeable service) in a Wine Store


Nashville Symphony
Best Performing Arts Group


Nuvo Burrito
Best Burrito


Play
Best Gay Bar
Best Lesbian Bar
Best Place to Dance


Publix
Best Place to Buy Fresh Seafood


Pure Gold’s Crazy Horse
Best Strip Club


Red Rooster
Best New Bar or Club (opened since October 2009)


Ruth’s Chris
Best Steakhouse


Sambuca
Best Place for a Romantic Dinner
Best Restaurant Ambience
Best Service in a Restaurant


September’s
Best Restaurant in Sumner County


Sunset Grill
Best Dessert
Best Late-Nights Eats
Best Wine List in a Restaurant


Suzy Wong’s
Best After-Hours Hang


Trader Joe’s
Best Health Food Store
Best Grocery Store


Tribe
Best Bartender, Loy Carney
Best Martini
Best Pickup Bar
Best Gay Bar
Best Lesbian Bar
Best Place to Meet Single Men


Watanabe
Best Sushi Bar/Japanese Restaurant


Whole Foods
Best Health Food Store
Best Grocery Store
Best Place to Buy Fresh Seafood
Best Place to Shop Green
Best Specialty/Gourmet Store


Woodland Wine Merchant
Best (most knowledgeable service) in a Wine Store


Yazoo
Best Brewhouse


Zumi Sushi
Best Takeout


 

Congratulations to 37 of our Clients for Winning in 53 Categories of the Nashville Scene’s Best of Nashville Reader’s Poll

The Alcoholic Beverage Group at Bone McAllester Norton PLLC congratulates 37 of our clients for their well deserved recognition in the Nashville Scene’s 2010 Best of Nashville Reader’s Poll.

  These are the winners in an impressive 53 categories:

Arnold Myint
Best Chef

Arrow
Best Strip Club

ArtrageousBest Charity Event

Baja BurritoBest Burrito
Best Fish Taco

BelcourtBest Move Theater
Best Place for a Cheap Date

Beyond the EdgeBest Sports Bar
Best Place to Throw Darts

Black 13
Best Tattoo Studio

Bud’s
Best Liquor Store

Café CocoBest Late-Night Eats
Best Patio
Best After-Hours Hang

Five Guys
Best French Fries
Best Cheeseburger

Fleming’sBest Steakhouse

Frist Center for the Visual Arts
Best Museum
Best Art Show - Chihuly at Cheekwood
Best Art Show - Golden Age of Couture at FristBest Place for a Cheap Date
Best Place to Take Kids When its Raining

Gigi’s CupcakesBest Place to Buy Cupcakes

Gold RushBest French Fries
Best Cheap Eats
Best Late-Nights Eats
Best Neighborhood Bar
Best Happy Hour
Best Sports Bar
Best Bar to People-Watch
Best Bartender, Patrick Noles

Grace’s Wine and SpiritsBest Liquor Store

Hutton HotelBest Boutique Hotel

LosersBest Music Industry Hang

Mafiaoza’sBest Family-Friendly Restaurant

McFadden’sBest Place to Meet Single Women

Midtown Wine & SpiritsBest (most knowledgeable service) in a Wine Store

Nashville SymphonyBest Performing Arts Group

Nuvo BurritoBest Burrito

PlayBest Gay Bar
Best Lesbian Bar
Best Place to Dance

PublixBest Place to Buy Fresh Seafood

Pure Gold’s Crazy Horse
Best Strip Club

Red RoosterBest New Bar or Club (opened since October 2009)

Ruth’s ChrisBest Steakhouse

SambucaBest Place for a Romantic Dinner
Best Restaurant Ambience
Best Service in a Restaurant

September’s
Best Restaurant in Sumner County

Sunset Grill
Best Dessert
Best Late-Nights Eats
Best Wine List in a Restaurant

Suzy Wong’s
Best After-Hours Hang

Trader Joe’s
Best Health Food Store
Best Grocery Store

Tribe
Best Bartender, Loy Carney
Best Martini
Best Pickup Bar
Best Gay Bar
Best Lesbian Bar
Best Place to Meet Single Men

WatanabeBest Sushi Bar/Japanese Restaurant

Whole Foods
Best Health Food Store
Best Grocery Store
Best Place to Buy Fresh Seafood
Best Place to Shop Green
Best Specialty/Gourmet Store

Woodland Wine MerchantBest (most knowledgeable service) in a Wine Store

YazooBest Brewhouse

Zumi SushiBest Takeout

 

Time is On Your Side: 4 Tips for Collections in a Recovering Economy

By David M. Anthony


Despite the constant reports of rising foreclosure rates and bankruptcy filings, the news world was abuzz last week about the report from the National Bureau of Economic Research (NBER) that the Great Recession had ended…in June 2009. This surely came as a surprise to loan officers and small businesses everywhere who are seeing their fair share of loan defaults and increasingly uncollectable accounts receivable.


Anticipating this response, the NBER explained that, while the economy had not yet returned to operating at normal capacity, the worst was behind us. While this good news doesn’t put money into hands today, here are some things any creditor should bear in mind while we wait for the economy to fully recover.


There’s time to be patient.  In Tennessee, the statute of limitations for collection on an unpaid debt is six (6) years, pursuant to Tenn. Code Ann. § 28-3-109. Then, once you sue and obtain a judgment (within six years from the date of the default), your judgment is valid for ten years, pursuant to Tenn. Code Ann. § 28-3-110.  Plus, if your judgment remains unpaid at the end of the ten years, Tennessee judgments can be renewed pursuant to § 28-3-110 for another ten year period.


Don’t wait to act.  In some instances, it may make sense to take no action on unpaid debt. Maybe the customer is a company that has gone out of business and has no remaining assets, or maybe they’ve filed a liquidation bankruptcy.  This is where you make the “don’t throw good money after bad” decision and possibly decide to write this debt off.


But, remember, the first creditor to obtain a judgment is the first in line to seize assets. Granted, you could be the first in line and discover there are no assets, but you should nevertheless record your judgment as lien in the real property records. For less than $25 in filing fees, a creditor can record a certified copy of its judgment in any and all Tennessee counties where the debtor owns real property, and that judgment becomes a lien on any real property owned by the debtor.


Even if they don’t have any equity in their property today, the situation could well be different in ten years (judgment liens remain valid as long as the underlying judgment is valid). What’s more, your lien’s reach will capture any real property they obtain during the life of the lien. In the end, sooner or later, your debtor will have to deal with you, whether it be as part of a purchase of new property, a sale, or a refinance.


Bend, don’t break. Sometimes, it’s important to recognize when a debtor truly lacks any assets to pay toward your debt. When this is the case, aggressive collections—whether it be seizing a work truck or all funds out of a bank account—may put that debtor out of business and, possibly, into a bankruptcy filing. A judgment creditor can take depositions and request financials from their debtor, and this information may assist you in determining whether they aren’t paying anybody…or just aren’t paying you.


Bankruptcy doesn’t mean the process is over.  If your debtor does file a bankruptcy case, there’s still a chance of monetary recovery. In addition to the benefits to the debtor, the secondary point of the bankruptcy process is to maximize return for creditors prior to granting the debtor a discharge of his or her debts. But, in most instances, a creditor in bankruptcy only receives pennies on the dollar in the process.


Keep in mind, however, the success rate in Chapter 13 bankruptcy cases (where debtors repay a percentage of their debts over 3 to 5 years) can be as low as 20%, meaning that most of those cases end with a dismissal. A dismissal is good for a creditor, because there is no discharge of the debt. Instead, the full amount remains due and owing. Debts are eliminated only when debtors receive a “discharge.” That’s an important distinction to know.


Finally, remember that a bankruptcy discharge only discharges “debts”—not “lien” rights. So, if you’ve already obtained a judgment and recorded it as a lien, then your lien on the debtor’s property survives the bankruptcy discharge. As a result, even though you can’t collect your debt, you can enforce your lien in the event of an attempted sale or refinance.


In the end, collection is a process that rewards the patient, especially in a recovering economy. But, a successful creditor must be prepared, and being prepared means having a valid judgment in place and exhausting all enforcement remedies before giving up. We all hope that the reports are right, and, if they are, the steps you take today will help make sure you’re paid in the future.


David M. Anthony practices with Bone McAllester Norton PLLC in the firm’s Creditors’ Rights practice group, and he regularly writes about issues impacting bankruptcy, judgment collection, and lien litigation at his blog, Creditors Rights 101, www.creditorsrights101.com.


 

Will Cheek Produces Program on Belmont University’s Law School

Bone McAllester Norton attorney Will Cheek produced a program about Belmont University's new law school for the September meeting of Lawyer's Association for Women.


  The program featured Dean Chris Guthrie of Vanderbilt Law School and Dean Jeff Kinsler of the new Belmont College of Law.  The program was moderated by Federal Court of Appeals Judge, Honorable Martha Craig ("Cissy") Daughtery.  Belmont is Tennessee's first new law school in over 100 years.


Will has produced programs for LAW for a number of years and has been active in the organization since he graduated from law school in 1991.

 

Bone McAllester Norton Ranked 2010 Best Law Firms By U.S. News Media Group and Best Lawyers

U.S. News Media Group and Best Lawyers have released the 2010 Best Law Firms rankings, marking the inaugural publication of this highly-anticipated annual analysis.


 The rankings, including 30,322 rankings of 8,782 law firms in 81 practice areas, are posted online at www.usnews.com/bestlawfirms; the national first-tier rankings will be featured in the October print issue of U.S.News & World Report, which will go on sale September 27.


Bone McAllester Norton received first tier rankings in the Metropolitan Rankings category for Employment Law – Individuals and Personal Injury Litigation – Plaintiffs.


These inaugural rankings, which are presented in tiers both nationally and by metropolitan area or by state, showcase 8,782 different law firms ranked in one or more of  81 major practice areas. Full data is available online for the law firms that received rankings, from the largest firms in the country to hundreds of one-person and two-person law firms, providing a comprehensive view of the U.S. legal profession that is unprecedented both in the range of firms represented and in the range of qualitative and quantitative data used to develop the rankings.


The mission of Best Law Firms from the start has been to help guide referring lawyers and clients – from the country’s largest companies needing corporate legal advice to individuals needing to get a divorce or write a will, along with referring lawyers everywhere, who need an especially high level of legal work because of the particularly difficult legal issues presented, or else legal issues of a particular magnitude – issues that have a bet-the-company implication for a corporation or a potentially life-changing result for an individual.


"U.S. News has more than two decades of experience in providing the public with the most accurate and in-depth rankings of a wide range of institutions, including our Best Law Schools rankings," says Tim Smart, Executive Editor of U.S. News & World Report. "This experience, coupled with our growing reputation as a leading career information resource, makes these law firm rankings a logical next step.”


“U.S. News is the world’s leading publisher of institutional rankings based on both objective data and peer evaluations,” says Steven Naifeh, President of Best Lawyers. “We are combining this expertise with Best Lawyers’ experience of providing rankings of individual lawyers based on peer reviews for almost three decades. By combining hard data with peer reviews, and client assessments, we believe that we are providing users with the most thorough, accurate, and helpful rankings of law firms ever developed.”


We were very pleased with the level of response to national surveys, in which major clients and leading lawyers were asked to rate the law firms they consider best in their practice area. In the end, 9,514 clients – including every Fortune 100 company and 587 of the Fortune 1000 companies – provided 194,370 firm practice-area evaluations; 6,190 clients provided 11,181 comments about law firm practice areas and individual lawyers; and 8,842 lawyers provided 594,012 firm practice-area evaluations.


These reputational survey responses were combined with more than 3.1 million evaluations of individual lawyers in these firms in the most recent Best Lawyers survey of leading lawyers.  Hard numbers were also used to develop the practice area rankings — data about numbers of lawyers and their previous experience, numbers of clients within different billing ranges, numbers of transactions and litigation matters at different dollar levels; pro-bono commitment, diversity, and other objective data.


Achieving a high ranking is a special distinction that signals a unique combination of excellence and breadth of expertise.


About the U.S. News Media Group
The U.S. News Media Group is a multi-platform digital publisher of news and analysis, which includes the monthly U.S. News & World Report magazine, the digital-only U.S. News Weekly magazine, www.usnews.com, and www.rankingsandreviews.com. Focusing on Health, Money & Business, Education, and Public Service/Opinion, the U.S. News Media Group has earned a reputation as the leading provider of service news and information that improves the quality of life of its readers. The U.S. News Media Group’s signature franchises include its News You Can Use® brand of journalism and its “America’s Best” series of consumer guides that include rankings of colleges, graduate schools, hospitals, health plans, and more.


About Best Lawyers
Best Lawyers is the oldest and most respected peer-review publication in the legal profession. For over a quarter century, the company has helped lawyers and clients find legal counsel in distant jurisdictions or unfamiliar specialties. The 2011 edition of The Best Lawyers in America includes 41,385 lawyers covering all 50 states and the District of Columbia and is based on more than 3.1 million detailed evaluations of lawyers by other lawyers. At www.BestLawyers.com, Best Lawyers also publishes peer-reviewed listings of lawyers in most of the world’s major legal markets. Best Lawyers lists are excerpted in a wide range of general interest, business and legal publications worldwide, reaching an audience of more than 17 million readers.


 

Bone McAllester Norton Ranked 2010 Best Law Firms By U.S. News Media Group and Best Lawyers

U.S. News Media Group and Best Lawyers have released the 2010 Best Law Firms rankings, marking the inaugural publication of this highly-anticipated annual analysis.

 The rankings, including 30,322 rankings of 8,782 law firms in 81 practice areas, are posted online at www.usnews.com/bestlawfirms; the national first-tier rankings will be featured in the October print issue of U.S.News & World Report, which will go on sale September 27.

Bone McAllester Norton received first tier rankings in the Metropolitan Rankings category for Employment Law – Individuals and Personal Injury Litigation – Plaintiffs.

These inaugural rankings, which are presented in tiers both nationally and by metropolitan area or by state, showcase 8,782 different law firms ranked in one or more of  81 major practice areas. Full data is available online for the law firms that received rankings, from the largest firms in the country to hundreds of one-person and two-person law firms, providing a comprehensive view of the U.S. legal profession that is unprecedented both in the range of firms represented and in the range of qualitative and quantitative data used to develop the rankings.

The mission of Best Law Firms from the start has been to help guide referring lawyers and clients – from the country’s largest companies needing corporate legal advice to individuals needing to get a divorce or write a will, along with referring lawyers everywhere, who need an especially high level of legal work because of the particularly difficult legal issues presented, or else legal issues of a particular magnitude – issues that have a bet-the-company implication for a corporation or a potentially life-changing result for an individual.

"U.S. News has more than two decades of experience in providing the public with the most accurate and in-depth rankings of a wide range of institutions, including our Best Law Schools rankings," says Tim Smart, Executive Editor of U.S. News & World Report. "This experience, coupled with our growing reputation as a leading career information resource, makes these law firm rankings a logical next step.”

“U.S. News is the world’s leading publisher of institutional rankings based on both objective data and peer evaluations,” says Steven Naifeh, President of Best Lawyers. “We are combining this expertise with Best Lawyers’ experience of providing rankings of individual lawyers based on peer reviews for almost three decades. By combining hard data with peer reviews, and client assessments, we believe that we are providing users with the most thorough, accurate, and helpful rankings of law firms ever developed.”

We were very pleased with the level of response to national surveys, in which major clients and leading lawyers were asked to rate the law firms they consider best in their practice area. In the end, 9,514 clients – including every Fortune 100 company and 587 of the Fortune 1000 companies – provided 194,370 firm practice-area evaluations; 6,190 clients provided 11,181 comments about law firm practice areas and individual lawyers; and 8,842 lawyers provided 594,012 firm practice-area evaluations.

These reputational survey responses were combined with more than 3.1 million evaluations of individual lawyers in these firms in the most recent Best Lawyers survey of leading lawyers.  Hard numbers were also used to develop the practice area rankings — data about numbers of lawyers and their previous experience, numbers of clients within different billing ranges, numbers of transactions and litigation matters at different dollar levels; pro-bono commitment, diversity, and other objective data.

Achieving a high ranking is a special distinction that signals a unique combination of excellence and breadth of expertise.

About the U.S. News Media Group
The U.S. News Media Group is a multi-platform digital publisher of news and analysis, which includes the monthly U.S. News & World Report magazine, the digital-only U.S. News Weekly magazine, www.usnews.com, and www.rankingsandreviews.com. Focusing on Health, Money & Business, Education, and Public Service/Opinion, the U.S. News Media Group has earned a reputation as the leading provider of service news and information that improves the quality of life of its readers. The U.S. News Media Group’s signature franchises include its News You Can Use® brand of journalism and its “America’s Best” series of consumer guides that include rankings of colleges, graduate schools, hospitals, health plans, and more.

About Best Lawyers
Best Lawyers is the oldest and most respected peer-review publication in the legal profession. For over a quarter century, the company has helped lawyers and clients find legal counsel in distant jurisdictions or unfamiliar specialties. The 2011 edition of The Best Lawyers in America includes 41,385 lawyers covering all 50 states and the District of Columbia and is based on more than 3.1 million detailed evaluations of lawyers by other lawyers. At www.BestLawyers.com, Best Lawyers also publishes peer-reviewed listings of lawyers in most of the world’s major legal markets. Best Lawyers lists are excerpted in a wide range of general interest, business and legal publications worldwide, reaching an audience of more than 17 million readers.

 

Bone McAllester Norton Attorneys John Branham, Paul Kruse, Anne Martin & Will Cheek Named to The Best Lawyers in America®

Bone McAllester Norton is pleased to announce that four of its attorneys, John Branham, Paul Kruse, Anne Martin and Will Cheek, were recently selected by their peers for inclusion in The Best Lawyers in America® 2011.


For a quarter of a century, Best Lawyers® has been regarded – by both the profession and the public – as the definitive guide to legal excellence in the United States.  Selection to Best Lawyers is based on an exhaustive and rigorous peer-review survey comprising more than 3.1 million confidential evaluations by top attorneys in the country.  Because no fee or purchase is required, being listed in Best Lawyers is considered a singular honor.


The Bone McAllester Norton attorneys named in the forthcoming edition of The Best Lawyers in America include:


John P. Branham for Personal Injury Litigation
Paul W. Kruse for Intellectual Property Law
Anne C. Martin for Labor and Employment Law
William T. Cheek III for Food and Beverage Law


 

Bone McAllester Norton Attorneys John Branham, Paul Kruse, Anne Martin & Will Cheek Named to The Best Lawyers in America®

Bone McAllester Norton is pleased to announce that four of its attorneys, John Branham, Paul Kruse, Anne Martin and Will Cheek, were recently selected by their peers for inclusion in The Best Lawyers in America® 2011.

For a quarter of a century, Best Lawyers® has been regarded – by both the profession and the public – as the definitive guide to legal excellence in the United States.  Selection to Best Lawyers is based on an exhaustive and rigorous peer-review survey comprising more than 3.1 million confidential evaluations by top attorneys in the country.  Because no fee or purchase is required, being listed in Best Lawyers is considered a singular honor.

The Bone McAllester Norton attorneys named in the forthcoming edition of The Best Lawyers in America include:

John P. Branham for Personal Injury Litigation
Paul W. Kruse for Intellectual Property Law
Anne C. Martin for Labor and Employment Law
William T. Cheek III for Food and Beverage Law

 

Trace Blankenship Presents "Private and Family-Owned Company Boards: What Directors, Owner/Executives and their Professional Advisers Need to Know Now about the Evolving Corporate Governance Landscape"

Trace Blankenship presented “Private and Family-Owned Company Boards: What Directors, Owner/Executives and their Professional Advisers Need to Know Now about the Evolving Corporate Governance Landscape," during the first week of July to Vistage International's Nashville Trusted Providers Group.


  Trace concentrates his practice on mergers and acquisitions, securities transactions, and corporate governance for public and private companies, and he summarized to the group some essential principles that directors and owner/executives of private companies can use to reduce the risk of disputes and potentially benefit the bottom line when making "bet-the-farm" decisions and changes that affect the stakeholders.  Vistage International was founded in 1957 and is a respected worldwide chief executive leadership organization with more than 14,500 members.  Vistage’s Executive Leadership Program provides access to new ideas and fresh thinking through monthly peer workshops, one-on-one business coaching, speaker presentations from industry experts, social networking and an extensive online content library of articles, best practices, podcasts and webinars.  Trace is a member of Vistage International's Nashville Trusted Provider Group.


 

"Transportation System’s Future Needs to be Developed Today"

May 26, 2010, Tennessee Voices
By Charles W. Bone


If there is a lesson to be learned from the devastating floods, it’s that our region is at its best when we pull together as a community. And just as we have pulled together as a community to address the natural disaster, we must do the same if we’re going to solve our region’s transportation issues.


In the coming weeks, there will be a number of public hearings for community input on the Nashville Area MPO 2035 Regional Transportation Plan that will be unveiled at the upcoming “Convening the Region Summit.” The plan will help us establish regional goals, policies and objectives for our multi-modal transportation system over the next 25 years. It will help us support the economic growth and prosperity goals of communities while tackling future congestion, safety and security travel concerns and working to reduce urban sprawl.


All of us involved with Cumberland Region Tomorrow will be asking you to take part in developing a regional vision for the future of our transportation system.


In 1956, President Dwight D. Eisenhower signed into law the “National Interstate and Defense Highways Act” that served as the catalyst for what we all know now as our national interstate system.


As monumental as that legislation was for setting the course for the designation and funding of our nation’s transportation infrastructure, it didn’t all come together that year — or even in that decade. It took years of input, cooperation and planning to put in place our current interstate system.


The 2035 Regional Transportation Plan is the 21st century equivalent of the interstate system for us. It will be vital to the economic vitality and livability of this region we call home.


A number of policy issues will need to be decided: How do we address the long-term transportation needs of our 10-county Middle Tennessee region? How do we provide better transportation alternatives for our citizens to reduce traffic congestion, smog and pollution while still remaining economically competitive? How do we work with the federal, state and local governments to make sure our public-private partnership in addressing Middle Tennessee’s transportation needs is successful?


After last year’s summit, the Middle Tennessee Mayors Caucus was formed to provide leadership on the important issues facing our growing region. The Transit Alliance of Middle Tennessee also has been formed, calling for a “bold vision” including more mass transit and walkable communities. The Alliance is headed by Ed Cole, a longtime leader in transportation solutions, and I serve as the chairman.


Concerned citizens, the business community, our elected leaders and others in our 10-county community must all pull together if we’re going to find a regional solution to our transportation issues. One county or one community can’t do it alone. It’s going to take us all.


Please make your voice heard.


Charles W. Bone is the chairman of Bone McAllester Norton PLLC and a founding member of Cumberland Region Tomorrow, the nonprofit organization that brings people together to address regional challenges and opportunities we face with the future growth and development of Middle Tennessee.


 

Casualty Losses: Qualifying for Federal Tax Deductions

Now that the rains have stopped and the flood levels are receding, many Tennesseans are surveying the damage done to their property, whether personal property or business property.


  The good news is the federal tax laws allow a deduction for losses of personal and business property due to a casualty—a sudden, unexpected, and unusual event such as a fire, storm, flood or hurricane—for which many Tennessee residents qualify.


Regardless of the type of property, if you suffer a loss from the recent floods, then your loss will be equal to the less of either: (1) the adjusted basis of the property (generally, what you paid for it); or (2) the loss of value by reason of the casualty (generally, the value immediately before the flood minus the value immediately after).  In addition, your loss may be reduced by any compensation received from insurance or otherwise.


Unfortunately, you bear the burden of proving the facts needed for qualifying for the deduction—including the existence of the casualty as the cause of the loss, the resulting decline in fair market value, the adjusted basis of the asset(s), and that you actually owned the asset(s).  Proof of the casualty is easy enough.  Keep copies of newspaper or online articles about the recent floods, and also obtain a copy of the Presidentially-Declared Disaster Area notice for your county.  In substantiating the loss, you must establish: (1) the adjusted basis of the asset(s) involved; (2) the decline in value of the property as a result of the casualty; and (3) the amount of any reimbursement.  In order to justify your loss, you will need proof of what you paid for your property, as well as proof of its value before and after the flood, if you have it.  In order to prove the value of real estate and other substantial assets after the flood, an appraisal may be necessary.


If the loss is from property used in a trade or business or income-producing property (such as rental property), then you can deduct the full amount of the loss as determined above.  If the loss is from non-business (or personal) property, certain limitations apply restricting the amount you can deduct.


Generally, a loss is deductible in the year it is sustained, 2010 in this case.  However, losses sustained because of natural disasters in Presidentially-Declared Disaster Areas may be deducted in the prior year, 2009 in this case.  Therefore, you have a choice to wait until early 2011 to claim this deduction and hopefully get a refund, or file an amended return for 2009 and get a refund sooner.  The one drawback to claiming the loss sooner is that if you get insurance proceeds after filing the amended return, you may have to file another amended return paying some of your refund money back.


The IRS also has resources available on its website for calculating the amount of your casualty losses (go to www.irs.gov and search for Publication 584).