A few weeks ago, I asked for stories from former solo practitioners who have closed up shop and their reasons why. I received a fair number of responses. Some did well, moving on to BigGov, better larger law firms, or decent non-legal jobs, and some even started profitable businesses.
Others dug themselves into a deeper hole. Some got further into debt. Others made no money for years. And others became estranged from family and friends.
From time to time, I want to feature these stories as case studies for people considering going into solo practice.
For today’s inaugural feature, I will profile a lawyer who became a solo practitioner because he had no other options. Things seemed to be going well until something went wrong….
* His dreams of becoming a solicitor were sidetracked when he was “jailed for slapping a sleeping woman in the face with his penis while a friend filmed it on his phone.” Well, yeah that’ll happen. [Daily Mail]
* A bunch of Blackwater guys got convicted. It did astoundingly little to fix the “hiring unsupervised mercenaries” thing. [Redline]
* The final report, drafted by Cadwalader, reveals that UNC’s African and Afro-American Studies department was basically a sham to keep athletes academically eligible. For almost 20 years. I don’t get it, I mean, UNC wasn’t even good for most of those years. [Deadspin]
* Apparently it’s frowned upon for prospective judges to say that someone “would prefer to see [my opponent] remain on the bench since [she] would allow him to have unsupervised visits with his own daughter, in spite of the evidence.” Good to know. [The Times-Picayune]
* Hey NYC law community! The Young Professionals Leadership Council is throwing a prom at 230 Fifth to raise money to cure Cystic Fibrosis. So break out your formal wear and try to get through this prom without puking out of a limo window. All for a good cause. [Cystic Fibrosis Foundation]
* Former Washington Post editor Ben Bradlee passed away yesterday. Bradlee may be most famous for his role in pursuing Watergate, but fighting the Pentagon Papers case all the way to the Supreme Court helped shape First Amendment law in the latter half of the 20th century. [What About Clients?]
Above the Law and Kaplan Bar Review are heading to Washington, D.C., for trivia night on Thursday, November 6. If you missed us last time, here’s your chance to have some fun. Drink up, prove your smarts, and get a chance to win mini iPads for your team (maximum of five per team).
Did you hear that sound? Listen carefully. What is that row? It’s the sound of alternative legal providers’ footfalls, gaining on you.
According to Legal Business magazine (a UK-based trade publication), one of the top ten “overall advisors” in the UK market is Axiom. Huh? Let me repeat that. In a survey of major corporate clients in the UK, one of the top ten “advisors” is NOT a law firm, but an alternative legal services corporation.
Step quickly, chaps! We’ve got a spanner in the works, and pretty soon we’ll be ten a penny! (look it up)
Legal Business noted, that this breach of the coveted top ten, was “significant” and “demonstrate[ed] how non-law firm providers are winning over some bluechip clients.” I take something different from these results: Big Law take note, alt.legal firms are not just “winning over some bluechip clients,” we are gaining the respect and trust of their corporate counsel clients. To be recognized as commercially viable is one thing, but this recognition awards that ephemeral prize of every attorney’s desire: prestige. For those of you who believed that change is coming, keep reading. For those that don’t… well, the link probably won’t work on your Blackberry anyway.
[R]eading the record with just a dash of common sense tells us that chefs who happen to be American citizens surely have the capacity to learn how to cook Brazilian steaks and perform the relevant related tasks. To maintain otherwise, as Fogo de Chao does, is to imply that Brazilian chefs are essentially born with (or somehow absorb during their formative years) a cooking skill that cannot be acquired through reasonable training, which seems an entirely untenable proposition.
When it comes to choosing a law school, conventional wisdom dictates that one should attend the best school possible — that usually means a law school that’s perched atop the prestigious heights of the U.S. News rankings. Conveniently, going to an elite law school also means that one’s salary will usually be quite high, but just how high are we talking?
According to the latest salary rankings produced by PayScale, the answer is “pretty damn high” — so high, in fact, that at the midpoints of their careers, alumni of certain law schools beat out graduates from almost every other graduate school in the country.
So which law schools were ranked the highest? You made be surprised by some that made the cut…
When the caption is “Motion To Dismiss This Bulls**t” (sans the wussyterisks we are forced to employ at ATL for certain words to protect your virgin eyeballs) you know you’ve got a winning motion. A pro se defendant felt compelled by circumstance to file a motion to dismiss for lack of personal jurisdiction. On some level you’ve got to feel for the guy because “bulls**t” is how the judicial system feels to the average bloke.
On another, more accurate level, you’ve got to sit back and revel in the 7 pages of unfiltered brilliance spewing forth from an unhappy pro se defendant….
Jiminy jillickers! ATL editors are going all over the place over the next month or so. Or at least all over the Eastern Seaboard. If we aren’t heading to your neck of the woods on these trips, never fear, we may hit you up on the next time around. We’ve already hit up Houston, Chicago, Seattle, San Francisco, and Los Angeles in the past year.
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: