In a column entitled Start-Up of You, Thomas Friedman of the New York Times made the case for a new model of career development. According to Friedman, this job market is “not your parents’ job market,” in which you could expect to move up the corporate ladder at a single company and then retire. In this job market, things are no longer so stable. To be competitive in this new market, Friedman suggests that you treat your career as if it were your own business. This means that you should constantly experiment and adapt, search for growth opportunities, and be resilient.
This is great advice for lawyers (both Biglaw and small-firm lawyers). This advice, however, can be taken even further. As many solo practitioners will tell you (and as one in fact did), having a law degree means that you can do more than treat your career as if it were a business; you can actually have a career where you have your own business….
Ed. note: This is the latest installment of Size Matters, one of Above the Law’s new columns for small-firm lawyers.
It is not easy staying abreast of all of the important issues affecting small firms, but I do it because my words impact our nation’s policy. Do you think it was a coincidence that less than a week after I instituted the Small Firm Pro Bono Push, the Chairman of the House Appropriations Subcommittee suggested that private-sector employees need to do more pro bono work? Obviously not.
But sometimes even I need guidance. So I enlisted the help of Susan Cartier Liebel, the guru of solo practice.
Liebel founded Solo Practice University (“SPU”) in order to provide the resources for people to start their own firms that she found to be utterly lacking when she first decided to hang a shingle. SPU offers a wide variety of educational programs and networking opportunities. As Liebel stated, SPU provides the 360-degree experience to learn how to open a law firm in a simple-to-use and cost-effective online platform.
Above the Law covered SPU back in 2009, but much has changed over the past two years. Learn more about SPU after the break….
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 six years. You can reach them by email: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
Are you challenged by the costs and logistics of maintaining your office, distracting you from the practice of law?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Everyone is talking about the importance of Social Media in Corporate America. But it is relatively safe to say that most law firms and lawyers are slightly behind the social curve. Most lawyers, at minimum, use LinkedIn, for networking. Some even use Twitter for pushing out short, pithy content, while many have Blogs, where they write their little hearts out. The adage “it is better to give than to receive” is not always true though in the world of Social. In the Social World – it is best to listen, give back and engage.
Social Media is a communications tool that can deeply educate you about the needs and wants of your clients and prospects when used in conjunction social media monitoring and sharing tools.
Take this quick quiz and see if you know how to use Social to help you engage more with your clients or to better service the ones you have.