For lawyers considering solo practice who are married or otherwise paired up, your partner can play a significant role in determining the future success — or failure — of your firm. Yet the role of a solo’s “silent partner” is rarely acknowledged or discussed. Here are some of the ways that a spouse, domestic partner or significant other can help make or break a solo practice.
First, the positives. Most obviously, a gainfully employed spouse can provide financial support to help get your practice off the ground. Even if your spouse’s income doesn’t cover start-up costs like fancy office space or state-of-the-art computers, not having to worry about health insurance or a place to live while starting out will spare you from the financial pressures that force many new solos into poor choices (like accepting an unsavory client or dipping into the trust account).
Still, while your spouse’s or partner’s ability to cover family living expenses can provide some breathing room for new solos, it doesn’t mean that you’ll be living on easy street. For example, if you have substantial student loans that your spouse’s income doesn’t cover, you’ll still have to hustle to earn enough to make repayment if you’ve taken a deferral. And if you were employed prior to starting your law firm and your lifestyle reflected your dual-income status, you’ll still have to scramble for a couple of years to attain the same earnings level that you enjoyed at your earlier position….
Mayor Senator Cory Booker has been in the spotlight for quite some time, and for very good reason. For the prestige-obsessed among us, his undergraduate degree is from Stanford, he attended Oxford as a Rhodes Scholar, and his Juris Doctor is from Yale. He saves both dogs and damsels in distress. To complete this near perfect package, he’s got dashing good looks. And yet, he’s still single… or at least we thought he was, until this morning.
Who is this rising political star rumored to be dating? She’s got beauty and the brains to match…
If you can’t see it in the eyes, then I can’t help you.
Don’t date people you work with. Don’t date people you might work with. Don’t date people you are interviewing. Don’t date people you don’t technically work with, but who work for the same company as you do. Don’t date people who you have to see every day on your way to work. Don’t try to get your date a job at your company. Don’t date people who have dated other people at your company. DON’T S**T WHERE YOU EAT!
Why? Because when (not if) it ends, it’s going to end badly. One of you is going to have to quit. And that’s assuming that both of you are reasonable adults. God forbid if one of you happens to be a crazy person. Then, you’re just going to end up with a shattered windshield and a legitimate concern that you need to find a new job for the summer.
Justice Clarence Thomas famously travels around the country over the summer in his 40-foot recreational vehicle (RV). Since 1999, Justice Thomas and his wife Ginni have visited some 27 states in their RV. According to Mrs. Thomas, “it’s a wonderful life.” The Thomases often park overnight in Wal-Mart parking lots. As Justice Thomas notes, “you can get a little shopping in, see part of real America. It’s fun!”
If spending night after night in an RV is good enough for an associate justice of the United States Supreme Court, it should be good enough for a young lawyer, right? In the latest installment of Lawyerly Lairs, we visit with a Biglaw associate who lives in an RV down by the river….
* Stay tuned after the credits of Captain Phillips to see the part where the crew accuses him of negligence and sues him for millions. [Findlaw]
* Graphs showing the extent of growth in the ten states with the most and least growth in attorneys over the last ten years. The Texas legal market is growing dangerously fast. I sure hope it doesn’t lead to massive layoffs and the shuttering of offices. Weil have to wait and see. [Associate's Mind]
* In Nevada, Heather can now have two (legal) mommies. [ABA Journal]
* The push for the federal government to overhaul the public defender system is gaining momentum. Too bad there’s still no “federal government” to speak of. [NPR]
* Senior lawyers editing their juniors should take it easy with the red pen. A lot of the time, seniors are not editing to improve the product, but to make it sound like they wrote it, and this is the wrong approach. Senior attorneys have a narcissism problem? Never! [At Counsel Table]
* A new blog featuring law school deans discussing legal education seeks bloggers. Which deans will walk into the spotlights to accept the public abuse? [Law Professor Blogs Network]
* The next time you use Tinder to find a hot date, you just might be treated to an advertisement for a plaintiff’s firm. Image after the jump…
If you’re stuck sitting in your office until all hours of the night wondering (a) how you’ll ever meet someone and (b) how you’ll convince them to take a chance on someone who routinely works until 4 a.m. turning documents while a team of lawyers argue over comma placement, well, you’re in luck!
A major online dating site has your back, publishing a listicle designed to convince their desperate readers why they absolutely should date a lawyer. It could be a good opportunity for these online daters to employ ATL’s advice on seducing a lawyer.
Is this thought-provoking, well-crafted advice about dating lawyers? In a word, no…
I actually think I may yet get married — statistically 90% of people get married at some point. But I would say that love and craziness has overwhelmed my life, and I am trying to write about it, and at the same time tell the story of New York City from 1609 to the present.
If your response to someone cheating on you is to file a lawsuit, then you have something in common with the lawyer at the center of this story.
After learning that his fiancée was cheating on him, it was off to the courthouse to bring fraud and intentional infliction of emotional distress claims. A scorned lawyer runs back to the safety and security of a forum that makes him or her most comfortable, I suppose.
After reading the complaint, this guy might just want to cut his losses and consider himself lucky because his ex sounds kinda terrible….
Sydney Leathers, an aspiring paralegal and one of the women behind the downfall of Anthony Weiner (part deux), recently published a guide on how to seduce politicians. Her tried and true methods seem to have worked well for her — not only was she able to sustain the would-be mayor’s sexual urges via text messaging, but she also raked in thousands of dollars from other sugar daddies. To put it plainly, this girl is a pro.
We decided to take a cue from her by creating our own guidebook on how to seduce lawyers. Just follow these five easy tips, and you’ll have him wrapped around your little finger…
“Don’t stop believing merely because there is no basis for belief” sounds like the perfect title to a law school blog post. It reflects how law schools hope students think about the job market and it comes oh so close to quoting Journey.
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 seven years. You can reach them by email: email@example.com.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at firstname.lastname@example.org or email@example.com. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
Professor Joel P. Trachtman has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
The Tools of Argument: How the Best Lawyers Think, Argue, and Win is a highly readable 200-page book, available for about $10 in paperback or e-book. Chapters focus on foundational principles in legal argument: procedure, interpretation of contracts and statutes, use of evidence, and more. The material covered is taught only implicitly in law school. Yet, when up-and-coming attorneys master these straightforward tools, they will think and argue like the best lawyers.
For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
● The basics of accounting for lawyers.
● How legal accounting differs from regular accounting.
● Report and reconciliation issues surrounding trust accounts.
● How to pick and integrate the best accounting tools for your practice.
● Steps to prepare your tax return for your firm’s income.
Do not miss this crucial chance to optimize your accounting practices. Save time and get back to billing!