For attorneys starting their own firms, one of the more difficult things to learn is how much time to spend on a prospective client. Attorneys take various approaches. Some attorneys say, reasonably enough, I don’t work for free, and will do little more than quote their rates. Attorneys who employ mass marketing will offer a “free consultation,” but that generally amounts to little more than a way to encourage unsophisticated clients to call them as opposed to someone else.
If your business model depends on high volume of a particular type of case, it probably doesn’t make sense to devote too much effort to soliciting any one particular client. But if you are pursuing fewer, higher-stakes or more complex matters, then you very well could struggle with how to strike the proper balance….
At law firms, you only occasionally hear people criticizing lawyers for not “being proactive.” Maybe that’s the nature of the beast: When you’re a litigator at a firm, you’re always considering what moves to make, anticipating the other side’s responses, and planning several moves ahead. Being proactive is the name of the game.
But I often hear in-house lawyers either being criticized (or criticizing others) for not being sufficiently proactive. How can you prove to the world that you’re proactive?
There are two parts to this puzzle: First, you can create the illusion of proactivity. This takes no effort at all, and it will impress people. Do it! Second, you could actually be proactive. This takes a little effort; I’ll leave it to you to decide whether the game is worth the candle. But at least consider being proactive; you might enjoy it, and it might be good for your career . . . .
So, on Monday night I was watching the Men’s 400 meter race and women’s uneven bars, playing Star Wars because Madden hadn’t dropped yet, and drinking. Near the end of the evening, I stopped by Facebook (supposedly on my way to read reviews of more goddamn pediatricians), and I had a new message.
It was a friend of mine who has another friend who is thinking of going to law school. Knowing my stance on such things, my friend asked me to pretend like the decision to go to law school was inevitable and focus on a different question: what can college seniors do to increase the chances of getting into a good law school in case their LSAT scores are low?
I’ve got an answer. And really, the sober answer isn’t all that different than the one I had hammered out at 2:00 a.m….
* So now the Tulsa law dean is making it sound like the babysitting gig was just one of the many heroic efforts Tulsa undertakes to make sure students can make ends meet while in law school. This from a school that charges $32,056 per year plus another $7,993 for room and board for the privilege of attending the #99 law school in the land. Oh, but presenting babysitting opportunities is a way that the administration can help. [TU College of Law Blog]
* This is how 90% of my conversations go when somebody asks me if they should go to law school. The other 10% end in fisticuffs and comfort eating. [Constitutional Daily]
* If a law professor uses a hypo this fall based on 50 Shades of Grey (affiliate link), please whip it out (your camera phone) and give us a load (of that hilarious video). [Law Librarian Blog]
I want you to digest that headline for a moment. This weekend, a rising 2L is going to share his “system” for succeeding in law school, a system he honed — for a whole year — at Thomas Jefferson School of Law. The kid is trying to charge people money to attend his seminar.
I have Irish Alzheimer’s; I forget everything but my grudges. As I read about the latest round of bar study and exams, I think back on my job interviews over the years. I cannot shake the remembrances of some of my more outstanding successes and failures.
There was the major domo partner at an unnamed firm (located in the Battery which had a really salacious sex harassment fiasco some time ago) who looked at the title of my journal piece and stated, “You know, there’s no such word as ‘normalization.’” Now, I could have informed this pompous ass that maybe in the Kissinger era there was no such word, but, I wanted a gig. So, I put the tail between my legs and meekly said that I would have to look into that.
There was an associate from a since disappointingly merged firm from Midtown who “took a call” during our OCI, hung up, and informed me that he’d just closed a multi-million dollar deal. I was totally unprepared for dealing with such a tool, but again, I wanted a gig. So, I said something to the effect of “congratulations.”
Finally, there was the bow-tie wearing fop with shoulder length hair from the firm with four names, who cradled his fingers under his dimpled chin, shook his mane and said, “Why would XXXX want to hire you?” Unprepared to deal with such an insipid question, I came up with an equally insipid answer.
And just so I don’t let the in-house interviewers off the hook, there were some real winners in my last search. Since I am heavily involved in the ACC and other ventures, however, it’s best not to describe anecdotes. Let’s just say that, contrary to the viral videos, it does not “always get better”…
In the late 90’s, lawyers taking credit cards was not the norm.
Stores took credit cards. Restaurants took credit cards. Lawyers took checks and wire transfers, and yes, cash in rubber bands. It was typical lawyer arrogance and ego – taking credit cards turned the lawyer in to a merchant, and paying a portion of the fee (because if you check your state ethics rules and opinions you may find you cannot charge the client for the percentage you pay the credit card company… oops) for the convenience of the client being able to “charge it” was seen as unattractive.
I didn’t take credit cards at first, a couple years later I started, and now I take them under certain conditions. One, I don’t advertise that I take credit cards. No signs on my door, no indication on invoices. If the client asks, the answer is yes, but like many places, there is a minimum amount (and no, it’s not $20). For volume-type lawyers who charge small fees, credit cards are a great way to sign up clients and maintain a good cash flow. For those with bigger fees and smaller practices, it’s a last resort for that client that you believe may have an issue paying, or who just can’t come up with the retainer unless it’s charged on a credit card.
Visa and Mastercard rates are lower than AMEX, but in the end, you’re looking at getting about 96% of the fee once the percentage and transaction fees are paid. If you can’t survive on that, I can’t help you.
Last month, a group named Russell Reynolds Associates (RRA) announced a study in which they identified eight qualities of successful legal executives. The study found that these accomplished folks exhibited greater levels of certain traits compared to your average Executive Joe Schmoe, Esq. The results, while informative, weren’t all that surprising. (It’s cool how hindsight works that way.) There were two traits, however, that RRA zeroed in on in their write-up of the study.
One was “excitability.” Successful legal executives got frazzled about 20% less than the average legal executive and even than the average non-legal executive. The gap in excitability was even wider between Successful GC and Not-Successful GC. So all of you lawyers who have a tendency to hyperventilate over every little fire drill can do yourselves a favor and think calm thoughts when you find that your prized pen has been moved from the right side of your desk to the left.
The other trait that RRA considered noteworthy is one they referred to as “mischievousness.” Their evaluation of mischievousness, however, is really just a brilliant scam….
Watch to find out what some of our subscribers received in their May box!
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We currently have a number of active openings for associate roles at US and UK firms in HK / China, Singapore and two new in-house openings. As always, please feel free to reach out to us at firstname.lastname@example.org in order to get details of current openings in Asia, as well as to discuss the Asia markets in general and what we expect for openings later this year. Our Evan Jowers and Robert Kinney will be in Beijing the week of March 25 and Evan Jowers will be in Hong Kong the week of April 1, if you would like to meet them in person.
The US associate openings we have in law firms are in the usual areas of M&A, cap markets, FCPA / white collar litigation, finance, and project finance. The most urgent of our top tier (top 15 US or magic circle) law firm openings in Asia (among many other firm openings that we have in Asia) are as follows:
• 2nd to 5th year mandarin fluent M&A associates needed in Beijing and Hong Kong at several firms;
• Korean fluent 2nd to 4th year cap markets associate needed in Hong Kong;
• 2nd to 5th year Japanese fluent M&A associates needed in Tokyo;
• 4th to 6th year mandarin fluent cap markets associate needed in Hong Kong;
• 2nd to 4th year M&A / cap markets mix associate needed in Singapore.
The last time I flapped my wings your way, I tried to make at least enough noise about your mobile phone to make you more than a little bit uncomfortable. I hope I did. If enough of us become anxious enough about the known and unknown unknowns and knowns in our mobile phones, then we can start making wise decisions about how to manage that information and its resultant investigations.
Today, I’d like to put a finer point on the last installment’s topic by asking a question that seemed to catch most attendees off-guard at a conference panel that I moderated last week: is there discoverable personal information in a mobile app? Our panelists’ answer was a uniform “yes” with one stating that, if he had to choose only one type of data that he could discover from a mobile phone, he’d choose app data. Why? Because there’s simply so much of it and because almost all of it is objective – not just user-created like an email – but machine-tracked like GPS, usage duration, log in and log out times, browsed web addresses, browsed actual addresses. Also, most of us seem to have the idea that data doesn’t actually “stick” to our mobile devices the way it “sticks” to our hard drives. Maybe there’s a disconnect based on the fact that our phones are mobile so we assume the data is mobile to?
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