The most important thing your employer needs is an immigration attorney.
Don't let him/her save money by trying to figure things out without an attorney.
PROFESSOR OF IMMIGRATION LAW for over 10 years -- This blog posting is offered for informational purposes only. It does not constitute an attorney-client relationship. Also, keep in mind that this is an INTERNET BLOG. You should not rely on anything you read here to make decisions which impact on your life. Meet with an attorney, via Skype, or in person, to obtain competent personal and professional guidance.
Yes, it is still good law and your employer can take advantage of it. Your employer should have the H-1B ready to be filed on April 1st because the cap was met on the first day this year (assuming you are cap-subject).
This information is not intended to create an attorney-client relationship, as the information provided is extremely limited and without the benefit of having all facts available.