This weekend I was able to catch up on my favorite reality television show, Real Housewives of Atlanta. I assure you that I watch the show only because of its profile of small-firm lawyer, Phaedra Parks. The November 27, 2011 episode entitled “Jewels Be Dangled,” taught us a very important lesson for small-firm practitioners.
Phaedra brought Kandi a special present for her 35th birthday. All wrapped up in a giant box with a bow, Phaedra presented her friend with a special performance by her client, Ridiculous. For those of you unfamiliar with the Infamous Ridiculous, he is a very well-endowed stripper who will shake his business in the face of audience members and then, as an encore, his own. The performance upset at least a few party guests and, in typical Housewives fashion, drama ensued.
While the naive observer may think that Phaedra brought Ridiculous to the party because the show is, well, ridiculous, the truth is Ms. Parks was warning small-firm lawyers about an issue they must confront in running their practice….
There are a lot of unhappy lawyers. We all know that. Part of their discontent is due to the fact that many young people go to law school who may not want to be lawyers, or do not take the time during law school to figure out what type of practice best fits their personality and goals. It was for this reason that I was so excited to learn about Steven Harper’s class for pre-law students. Getting to potential law students before they take on an obscene amount of debt is one way to prevent accidental lawyers.
But what about those individuals who actually want to be lawyers, but due to certain biases are not able to pursue their dreams? The answer is the same: get to them in college….
Thanks to all who participated in the Turkey Day survey. I am happy/jealous to report that an overwhelming 93.2% of small-firm respondents are able to take time off for holidays. And 76.6% do not need to do any work from home during the holidays. Half of survey respondents, however, are still required to check email during the holidays.
Who doesn’t love Thanksgiving? What is not to love about a holiday that involves eating obscene amounts of food, lounging around, battling people at Black Friday sales, and working a short week? Unless, of course, you are Ted the Turkey.
As holiday season comes into full swing, I am reminded of my lawyer friends who are not able to celebrate because of work obligations. Many of my Biglaw friends lament the fact that they do not get to take time off for vacations or holidays. Is it any easier, however, for small firm attorneys? Indeed, with fewer attorneys, there are fewer people to share the workload. And even smaller matters have deadlines that often fall around the holidays.
If one of the reasons that Biglaw associates consider going to small firms is because of the greater flexibility to take time off for the holidays or vacation, it is my duty to prove (or disprove) this belief. Please take this survey and help us discover whether small firm practice truly means a better work/life balance, at least in this respect. Thanks!
After writing months’ worth of columns for Size Matters, I now consider myself somewhat of a career coach for small-firm attorneys. It is the perfect coaching relationship: I give unsolicited advice to no one in particular and assume that my advice was followed and successful. Last night, I learned about another career coach (slash Headhuntress) who may be giving me a run for my money. Luckily for me, Wendy Doulton does not specialize in career coaching for small-law firms.
There is, however, someone who does (other than me). His name is RJon Robins. His website guarantees that clients will learn how to successfully start, manage, and expand their own small and solo practices. He also promises that he can show lawyers how to have fun while practicing, and how to write a bio that “doesn’t suck.” I was intrigued and decided to check out the website to see if RJon was going to get his own reality show and force me to get out of the advice-giving business….
When doing research for my columns, I spend a lot of time thinking about how small-firm attorneys can get the right kind of attention. I can easily find examples of getting the wrong kind of attention: Kim Kardashian, Conrad Murray, and that child-bride who married the guy from Lost. Then, I received an email from a young small-firm lawyer practicing in Winston-Salem who provided me with a positive counter-example.
Michael Wells, Jr. practices personal injury law, litigation, and estate planning at Wells Jenkins Lucas & Jenkins PLLC. Wells is the youngest lawyer at this ten attorney firm. One of the other ten is his father, Michael Wells, Sr. Early on in his career, Wells set out to distinguish himself from his highly successful father and he has succeeded. The lessons he learned along the way can provide a useful road map for young attorneys….
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?
Like many of my other uber-productive legal brethren, I spend an obscene amount of time on Facebook. In between looking at pictures of friends in slutty Halloween costumes and friend’s babies in slightly less risqué garb, I decided to look for small firms on Facebook. Much to my delight, I found a great Facebook page belonging to the Lee Law Firm. With 5,717 other fans (or are we called something else now on the new Facebook?), I was not the only person to appreciate the firm’s highly effective use of Facebook.
So why do the 5,718 of us dig the Lee Law Firm’s Facebook page? Let me count the ways….
Last week, Clifford Winston, drew up some controversy when he suggested that we do away with law school and bar exams and let anyone practice law. According to Winston, these barriers to entry “simply . . . protect lawyers from competition with non-lawyers and firms that are not lawyer-owned — competition that could reduce legal costs and give the public greater access to legal assistance.”
Elie was not convinced. Carolyn Elefant “pick[ed] apart Winston’s assertions piece by piece in an effort to diminish his credibility.” Both Elie and Elefant took issue with Winston’s assertion that costs would go down if non-lawyers were able to practice. Indeed, Elefant cited an example that using Legal Zoom could cost up to three or four times what it would cost a lawyer to perform the same task.
We are on the dawn on my favorite holiday. In a few short days, we will be celebrating the day when you can be whoever you want. Well, if you are a man. If you are a woman, you can whoever you want, slutty-style.
Halloween holds a special place for small-firm attorneys. Why? Because small firms permit, even encourage, their attorneys to dress up for All Hallows Eve. At least that was true at my firm, and Cam dressed up for Halloween at his small-firm.
So, with only a few days left before the big day, I offer you my tips on how to dress up at your small firm….
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: