What’s the most sure-fire way to make money in a bad economy? Capitalize on the misery of others. As the Kobra Kai taught us, strike first, strike hard, no mercy, sir!
Today’s Legal Sweep the Leg Award goes to Kick’em Out Quick, a “One Stop Shop” for tenant evictions and collections based in Ogden, Utah. Kick’em Out Quick is an online marketing company that strives to drum up eviction numbers for member attorneys who pay for the privilege of bearing the Kick’em Out Quick name.
Kick’em Out Quick extends a helping hand to landlords, offering sympathy and understanding of the stresses that these everyday heroes must endure at the hands of nasty tenants. Even better, they help motivated lawyers make money in the process.
When there is blood in the water, the sharks will start circling. Kicking ’em out quick is only the beginning…
Here’s a puzzle for you. What decade am I discussing in the following paragraphs?
I’m doing something a little different here. The entire text of this column appears before the jump. I’ve hidden only the citations after the jump. Ponder while you read these paragraphs when the source materials supporting these words were written:
The excessive cost of legal services is not a function of the economy that will abate as the recession finally fades. In the words of one recent report, “Don’t fool yourselves that when the recession passes things will return to normal.” That report quoted the general counsel of a major financial institution as saying, “The way we are now is the way it is now, not a temporary situation . . . . [I]n the [decade omitted] we’re going to see straight hourly billing die.”
Surveys confirm the concerns about the high cost of legal services. For example, in a [year omitted] general counsel survey conducted by [the firm you know as PriceWaterhouseCoopers], a majority of the 350 respondents agreed that “legal fees have gotten out of control and are crippling businesses,” and pressure to reduce costs was a “major theme” of the survey responses. Surveys of corporate law departments conducted by Endispute, Inc. in [two years omitted] reveal that a third of the respondents faced actual cuts in their legal budgets and that, as the size of the legal departments increased, so too did the pressure to reduce legal costs. A [year omitted] Louis Harris survey of executives and legal officers of Fortune 500 service corporations reveals cost containment as a top priority for law departments, and a survey of major corporate clients in the United Kingdom demonstrates that this is now a worldwide issue.
The pressure to move away from standard billing, based on the billable hour, is likely to increase. Indeed, [name omitted], the recently appointed general counsel of [company name omitted], is leading an intense campaign to adopt alternative billing mechanisms. Her efforts have been broadly publicized and resulted in a highly visible panel at the [year omitted] ABA meeting.
In what years did these things occur? What decade are we discussing? And who the heck was the recently appointed general counsel of what company? Those citations and more after the jump….
As you may have guessed from reading many of my posts, I am the self-appointed spokeswoman for women in small law firms. I recently read a post on the Careerist about women lawyers and ambition. Vivia Chen cites some sobering statistics from a survey done by More magazine: 43% of women (out of 500 35-60 year-olds surveyed) are less ambitious now than ten years ago; 73% would not apply for their bosses’ jobs (38% of them do not want to because they do not want to deal with the politics, pressure and responsibility); and 92% of women rate job flexibility as their number one career priority.
From this survey, Chen concludes as follows: “If you’re a female lawyer (or aspiring to be), you might be wasting your energy on the wrong endeavor. In fact, if you’re gunning for any high-paying, high-profile job in a male-dominated field, you might as well put the brakes on right now. Not only are your odds of success remote, but you won’t be happy.”
So now what do I say to my small-firm sisters? You are all lazy bums?
Back in June, when we spoke about the latest job data from NALP, it became clear that the class of 2010 — my graduating class — had some of the worst employment outcomes of the last 20 years. We knew this because of the way NALP categorized its data, differentiating between jobs that require and don’t require bar passage, and between full-time and part-time jobs.
But apparently the American Bar Association isn’t interested in helping people understand these outcomes on a school-by-school basis. The ABA doesn’t want you to know how schools fared in finding full-time legal employment for graduates of the class of 2010.
That’s right, the same folks who claimed just two short months ago that “no one could be more focused on the future of our next generation of lawyers than the ABA,” will now be removing those helpful job characteristics from the 2011 Annual Questionnaire….
It’s no secret that the legal market is still in the tank. Unemployed associates have grown accustomed to scrounging the Internet for any and all job openings that might materialize – even sketchy postings offering $35,000 salaries to sharp dressers.
Just how bad has the economy gotten? Bad enough that Craigslist isn’t just for associates anymore. That’s right, now even partners are lowering themselves to the point of hawking their wares on this oh-so-prestigious platform. In the last week, we’ve seen not one, but two ads on Craigslist aimed at the upper echelon of law firm life.
One poster is an aspiring partner seeking the right law firm to take on his or her amazing legal talent. The other is a solo lawyer seeking a partner to start a law practice.
Are these two a match made in Craigslist heaven? Keep reading to see if either of our contestants has the goods to succeed in the partner matchmaking game.
Week in, and week out, without fail, we write about the state of the legal economy. Sometimes we have good news about employment prospects for law school graduates, but the reality of the situation is that things are probably going to get worse before they get better.
And these days, apparently you can run into career trouble even if you go to a top-tier law school in a major city.
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!