Labor and Employment Law for New Attorneys
2/13/2008 5:01:05 PM EST
So you want to practice Pension & ERISA Law?
Posted by AME3bg
Interested in practicing in the Pension & ERISA Law field? Here’s what you have to look forward to
 
Types of Firms Practicing Pensions and Benefits Law
 
Pensions and benefits law issues are dealt with by attorneys and firms in all market segments. Generally speaking, the small firm employment law market segment is comprised of plaintiff attorneys representing employees, while large law/national firms represent the employer and management in pension and benefits issues. Pensions and benefits attorneys are supported by other practice area specialists in the areas of litigation, trusts and taxation. Lastly, the In-House Counsel market segment is also highly concerned with pensions and benefits matters. 
  • Small Law Perspective:  Generally, solo practitioners and attorneys in small law firms represent employees in pensions and benefits related matters.  
  • Large Law and National Law Perspective: Generally, attorneys in large law and national accounts represent employers and labor management. 
  • Corporate Perspective:  Corporate counsel, HR professionals and Labor & Employment practicing attorneys deal with a wide variety of pensions and benefits issues as part of their day-to-day tasks.
Typical Tasks Performed by Pensions and Benefits Law Attorneys
 
Attorneys that practice pensions and benefits law handle the following tasks:
  • Determining the types of plans covered by ERISA
  • Complying with ERISA reporting requirements and disclosure requirements
  • Completing and preparing ERISA and Benefit Plan forms
  • Evaluating pensions plans, and healthcare plans
Attorneys advise clients on wide variety of pensions and benefits issues, including:
  • Treatment of benefits in acquisitions, divestiture, mergers and corporate reorganization
  • Pension plan governance and fiduciary obligations
  • Pension plan termination
  • Pension plan funding and investment
  • Tax consequences of various pension and benefits plans
  • Pension plan design
  • Post-retirement benefits
  • Pension litigation and class action claims
Pension and Benefits attorneys are supported by other practice area specialists including litigation, trust and taxation attorneys.

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