Ed. note: This post is sponsored by NexFirm. At NexFirm, we see dozens of new firms launch each year, and we seem to bond with both the people and the practice every time around. Their accomplishments feel like our success, and their disappointments, our failures. It makes for a great professional relationship, but it can also be painful when we see them repeat the same, predictable, new firm mistakes — especially ones that can be avoided with some guidance and forethought.
Attorneys who are launching their own firms tend to wring their hands over every small decision and miss the big picture. You feel overwhelmed, so you want to work feverishly to tackle your to-do list. After a long day full of “doing” without much “thinking,” you feel like you’ve really accomplished something. It’s an easy trap to fall into. It’s crucial to be thoughtful about the big things, set time aside to think about them, and treat them like the other action items on your list.
Start with these, the low hanging (albeit important) fruit:
1. Leave, Don’t Quit.
Focused on the unpleasant task of giving notice, worrying that you might piss someone off or — worse yet — be impeded from transitioning matters, you can easily miss the best marketing opportunity you will ever get. Use your resignation to ask your employer to give you business. Beg them, guilt them, scare them, do whatever you need to do, but make it happen. There is no one that knows you and your work better. If you can’t convince them to help you, in at least some small way, you are in trouble…
Murray’s accolades are numerous, including The White House Project Role Model Award, a Christopher Award, and Oprah Winfrey’s first-ever Chutzpah Award. Murray is the founder and director of Manifest Living, a company based in New York that aims to empower anyone who has the desire to change their life. She is also a motivational speaker and will be the keynote speaker on November 8, 2013, at the National Association of Women Lawyers’ Ninth Annual General Counsel Institute in New York….
Ed. note: The Aspiring Lateral, a new series from Levenfeld Pearlstein, will analyze a variety of issues surrounding lateral moves, drawing on the firm’s experience in the lateral market as well as the individual experiences of LP attorneys. Today’s post is written by Rob Romanoff, LP’s Managing Partner.
You’re 35-50 years old. You’re a partner at a large law firm, thinking about leaving for something smaller. You’ve been given an offer by a firm that interests you. The firm has a good reputation, steady business, and a solid practice in your area. It consists mostly of partners over 60 and associates younger than you.
Is this a great opportunity, or a career dead-end? Based on the above, it could be either. You’re missing a fact critical to determining whether this — and many other lateral opportunities — is one worth pursing, or one that should be avoided. That fact is this: what is the firm’s succession plan?
Your Above the Law editors are making like Mr. Smith and going to Washington. This week we’re hosting not one but two excellent events in our nation’s capital (both free and open to the public):
On Wednesday night (tomorrow night), we’re hosting a trivia night for our law student readers. To get the details and to RSVP, please click here (and scroll down to the RSVP form). Please note that trivia participation is not required; you can simply come for the food, drink, and company (of your ATL editors and other D.C.-area law students).
On Thursday night, we’re hosting a reception and SCOTUS preview with noted Supreme Court advocate and analyst Tom Goldstein. To get the details and to RSVP, please click here (and scroll down to the RSVP form).
If the government shutdown is still in effect, some of you won’t have to get up early the next day, so it’s a great time for weeknight socializing. We hope to see you at one or both of these events.
Not to make light of the substance abuse problem that afflicts lawyers at almost twice the rate of the general population, but lawyers will definitely partake of booze (or something else) given their jobs. Elie explained this yesterday.
Hopefully, you don’t often drink on the job, but seriously, when are you really off the clock as a lawyer?
So do you drink on the job like a latter-day Don Draper? Do you wait until happy hour? Are you drinking right now?
Ed. note: This is the latest post in our series of ATL infographics — visual representations of our own proprietary data, relevant third-party data, “anecdata,” or just plain jokes.
We know that law school applications are down, but how are the rest of the numbers looking for the class of 2016? Which schools experienced the most dramatic shrinkage in class size? How have LSAT scores and GPAs changed for the T14 vs. the T100? Which schools defied the downward spiral and actually experienced an increase in class size?
Fashion law is a quickly growing specialty practice area — a place where IP and corporate junkies alike can aspire to dress stylishly while honing their legal skills in the glamorous world of haute couture law. If you’d like to get in on the ground floor of this $250 billion dollar industry, or if you’re an experienced practitioner interested in learning best practices, then we hope you will attend our fashion law forum.
We are pleased to invite you to an evening of cocktails, canapés, and conversation focusing on the many ins and outs of fashion law. The event will take place in Los Angeles, California on November 12th from 6:30 p.m. to 9:00 p.m. This event will be a great opportunity for attendees to hear legal leaders share their insights on success, meet members of the Above the Law team, and network with peers.
Our esteemed panelists confirmed for the event include:
Staci Riordan, Chair of the Fox Rothschild Fashion Law Practice Group
Jane Wald, Chair of Irell & Manella’s Trademark Practice Group
Deborah Greaves, Secretary and General Counsel of True Religion Brand Jeans
Are you challenged by the costs and logistics of maintaining your office, distracting you from the practice of law?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
Everyone is talking about the importance of Social Media in Corporate America. But it is relatively safe to say that most law firms and lawyers are slightly behind the social curve. Most lawyers, at minimum, use LinkedIn, for networking. Some even use Twitter for pushing out short, pithy content, while many have Blogs, where they write their little hearts out. The adage “it is better to give than to receive” is not always true though in the world of Social. In the Social World – it is best to listen, give back and engage.
Social Media is a communications tool that can deeply educate you about the needs and wants of your clients and prospects when used in conjunction social media monitoring and sharing tools.
Take this quick quiz and see if you know how to use Social to help you engage more with your clients or to better service the ones you have.