Funds Talk: July 2015
Human Resource Executive Names Kramer Levin Attorneys to “Most Powerful” List
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Business Immigration partner Ted Ruthizer was quoted in an article appearing in InformationWeek about a United States Immigration and Citizenship Services statement that the H-1B visa cap for the next fiscal year is nearly met. Last year, the cap was not met until November. Mr. Ruthizer was quoted as saying that this could be a sign of recovery, particularly in the technology sector, saying “Companies downsized in the wake of the recession; now they’re coming back to where they were or are even ahead – particularly in the IT area but not exclusively.” The near exhaustion of visas so early has added to calls that Congress increase the number of H-1B visas made available each year. On that, Mr. Ruthizer said that the number of H-1Bs available is “artificially low” making it difficult for companies to bring in workers with specialized skills, and that the number was “pulled out of a hat in the 1990s,” making it “out of whack with the size of the economy now.”