Let me start my inaugural column here at Above the Law with a question: Why not start your own law firm?
To be clear, I’m not directing this question at those of you who are gainfully employed in a legal job, however tenuous or intolerable. Over the course of this column, I’ll discuss whether and in what circumstances it makes sense to jump ship — but for now, I’ll assume that your risk aversion is reasonable.
Likewise, my question isn’t targeted at those of you who have no choice but to work at menial jobs just to survive and simply don’t have the time or energy to get a firm off the ground. Again, there are ways that you can make starting a firm work, but it may take a lot more effort than you have to give.
No — for now, I’m just asking those of you who really have no choice. For example, if you graduated from law school more than a year ago and you’ve been sending out résumés constantly and haven’t had a nibble. Or those of you who have had a doc review job here and there, but nothing steady — but at the same time, you’re fortunate enough to have a spouse or partner or family who can at least cover your living expenses while you get a firm off the ground. Or maybe you’re more experienced — perhaps your law firm pushed you out as you were nearing 65 and you’re not ready or can’t afford to stop working yet, but nothing else has presented itself.
In these kinds of back-against-the-wall, nowhere-to-go-but-leave-the-law-entirely cases, is the horror or shame of starting a law firm worse than being unemployed or junking your JD?
* Do you want to be a partner? These 12 simple rules are a good start. (Not featured: Rule 13. Have incriminating pictures of the other partners.) [At Counsel Table]
* The University of Vermont and Vermont Law School are considering a joint “3-2″ degree program. So if you’re 18 years old and positive you want to grow up to be a lawyer, you may soon have a lower cost option. You’re also probably a tool. [AP via Boston.com]
* Can introverts be solo practitioners? It’s an interesting question, but since Growth is Dead (affiliate link) notes that even rainmakers are tragically lacking in sociability, it’s likely that most lawyers across firms are introverted. [Lawpolis]
* St. Louis University Law School has taken over and refurbished an old building in downtown St. Louis. See, it’s possible to run a law school without spending money on MOAR BUILDINGS! [Urban Review STL]
* A poem about CLE. Wait, are there people not doing their CLE online? [Poetic Justice]
* Matthew Martens, the senior SEC attorney who ran the “Fabulous Fab” trial, is leaving the agency. Possible landing spots for Martens include Kirkland & Ellis; Paul Weiss; WilmerHale; Latham & Watkins; and Cleary Gottlieb. [Wealth Management]
I was raised to never hit a girl. I was raised at a time when you had no concept of a girl doing that. In the 1950s, girls didn’t snatch purses. They wore petticoats.
– Jonathan Damon, a Michigan lawyer, in remarks made after subduing Mikayla Danielle Hull, an alleged purse snatcher. During the course of the struggle, thinking that Hull was a man, Damon punched her in the face repeatedly after she bit his wrist, breaking the skin. Damon will not be charged for hitting Hull.
(Want to see the video of this lawyer’s heroics? We’ve got it, after the jump.)
For those AUSAs taking the plunge into Biglaw because they orgasm over having a “former federal prosecutor” handling their “white collar” work, my advice is call me when you realize you’re merely reading compliance documents and walking corporate executives over to your old office to give proffers. For now, you can stop reading here.
Leaving government work to “open your own shop” is a unique proposition. If you’re leaving Biglaw, your main concern is not making what you’re making now. If you’re “going solo” right out of law school, you’re worried about making any money at all.
Leaving government service is leaving a guaranteed salary, the precious “benefits,” and if you’ve been there for a good amount of years, a level of comfort not found in small law firms (with the exception of the federal public defenders who have fallen victim to the sequester and deserve better). The main reason people leave government is the perception that there is more money in the private sector. That was mostly true before the economy tanked. Now it’s not so certain, and it’s something you need to consider before cashing out on your accrued vacation and sick time…
Are you interested in building and growing a virtual law practice, or hoping to obtain new clients for your existing law practice? If so, here’s a new tool that you might want to investigate.
The team behind it includes two lawyers who used to work at major law firms. Let’s hear more about the platform they’ve designed and how they made the move from counseling start-ups to launching one of their own….
Is the slowdown in Biglaw that we’ve seen since the Great Recession a long-term trend or just a temporary blip? Only time will tell, but in the meantime, the debate rages on. (The latest salvo: New Republic editor Noam Scheiber’s response to critics of his controversial article, The Last Days of Big Law.)
Because of its power, prestige, and profitability, Biglaw gets a big proportion of the media coverage that’s aimed at law firms. But let’s not overlook small firms and solo practitioners, who make up about 70 percent of American lawyers in private practice.
One often hears stories about small firms, especially boutiques formed by ex-Biglaw attorneys, that are thriving. The tales are inspiring; the small-firm lawyers talk about how they enjoy their practice more, have greater autonomy, and make the same or even more money than they did back in Biglaw.
But such information is anecdotal. How are small law firms doing compared to bigger firms on a broader level? A new survey has some answers….
And now Reema Bajaj has been hit with ethics charges from the Illinois Attorney Registration and Disciplinary Commission (IARDC). The IARDC’s most salacious allegation: that Bajaj traded sex acts for office supplies.
What would Reema do for a ream of printer paper? How much toner to access that taut, toned body?
You know you’ve had a bad weekend when you’re a lawyer and a video of your bare ass is making its rounds on the internet. We suppose things like this tend to happen after you’ve gone on an admitted bender and thrown your panties at the police while screaming “Suck my p***y” and “Eat my ass, you f**king pigs!” And by the way, it was a lawyer who allegedly showered the police with these kind words.
You must be wondering what could have caused an esteemed member of the bar to do such a thing. Well, you see, women are wont to do some pretty crazy things following bad breakups…
Pop quiz, hotshot. A federal judge issues an order to show cause that you should be “sanctioned for repeated failure to prosecute cases” and “barred from practicing in this District.” What do you do? What do you do?
The correct answer begins with “responding,” obviously. And when you’re in trouble over “failure to prosecute,” maybe that should light a fire under you to respond thoroughly and on time.
Yeah… this guy didn’t. Instead he provided a detailed, if legally irrelevant, explanation of how he was just too busy to worry about responding on time. Think of this as “Prelude to a Benchslap”…
In June 2011, we brought you the story of Reema Bajaj, a lovely young lawyer in Illinois who was accused of prostitution. I expressed a belief in her innocence, although my faith was somewhat shaken by the nude photos of her that circulated on the web. And then, in June 2012, Bajaj pleaded guilty to one misdemeanor charge of prostitution.
After covering her guilty plea, we thought we had seen the last of her. As I wrote, “The post you’re now reading could very well represent the final story we write about Reema Bajaj…. We will miss writing about this colorful young woman, but we wish her the best in getting on with her life and her law practice.”
I spoke too soon. Now Bajaj is back — with a vengeance….
Note the UPDATE at the end of this post, based on comments from Bajaj’s counsel.
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When Chintan Panchal decided to leave a global BigLaw partnership to start his own firm, he could only hope that he would face the high-quality problem of firm building that many had cautioned him about. Focused on the uncertainty surrounding of a new firm launch, he decided to tackle staffing needs, IT challenges, and financial planning requirements after he had built up his legal practice.
Panchal Associates LLP–a corporate/finance and outside general counsel boutique–was quickly off to a great start. Clients and matters were flying in the door, and Chintan soon had a team of lawyers and staff with a variety of operational needs. To continue building an excellent team and provide them with a competitive benefits package, to expand his physical presence to include a European practice and additional partners, and to scale his operations and IT capabilities to support this growing enterprise brought with it demands of time, money, and expertise. Chintan knew he needed help.
“With the assistance of NexFirm, we have upgraded the capabilities of our firm to meet, and in some cases exceed, the standards we were used to at our former BigLaw firms. Operationally, we can now attract and service clients we didn’t have the bandwidth to support in the past, and continue to build our team with the best and brightest legal talent in the industry,” said Chintan Panchal, adding “It has worked out quite well in our case; NexFirm is an essential partner for us.”
The holiday season is upon us, and yet again, you have no idea what to get for the fickle lawyer in your life. We’re here to help. Even if your bonus check hasn’t arrived yet, any one of the gifts we’ve highlighted here could be a worthy substitute until your employer decides to make it rain.
We’ve got an eclectic selection for you to choose from, so settle in by that stack of documents yet to be reviewed and dig in…
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