Tom Wallerstein

Posts by Tom Wallerstein

  • Biglaw, Billable Hours, Boutique Law Firms, Quote of the Day, Small Law Firms

    From Biglaw to Boutique: Where Does the Time Go?

    For attorneys who bill by the hour, one of the less enjoyable aspects of the job is recording time. Associates know that all too often their worth might be measured by their billable hours. Of course, big and small firms alike tolerate the timesheets because they are the firms’ lifeblood. Recording time enables firms to generate their invoices. The inherent purpose of entering time is to generate this request for payment. But an invoice can and should do much more, especially for a small firm or solo practice....
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  • Biglaw, Boutique Law Firms, California, Deaths, Litigators, Small Law Firms

    From Biglaw to Boutique: 'There’s a Practice Guide for That'

    Tom Wallerstein's firm, like most firms in California, has a series of Rutter guides on its shelves. And even though he runs a virtually paperless office, he still loves his printed Rutter guides. Wallerstein even has a joke about Rutter. Whenever a colleague questions his ability to solve a particular issue, he jokes, “I’m sure there’s a Rutter Guide for that.” The joke has a serious point, namely, that the basics of most practice areas can always be learned. And if it’s easy enough to learn a practice area, why shouldn’t a lawyer forming a small firm become a true generalist; handling everything from family law, wills and trusts, civil, criminal, and essentially whatever walks in the door?
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  • Biglaw, Boutique Law Firms, Small Law Firms

    From Biglaw to Boutique: Which is Better for Clients?

    A general counsel recently asked Tom Wallerstein, “Why should my company risk hiring a lesser-known, small firm?” Tom told him that it shouldn’t. Tom doesn’t think any company should unnecessarily “risk” its business without good reason. Tom will be the first to admit that there are some matters that simply demand big firm attention. But Tom also told the GC that there were many matters that he thought his smaller firm could handle just as well as could a big firm....
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