Ed. note: Please welcome Above the Law’s guest conversationalist, Zach Abramowitz, of blogcasting platform ReplyAll. You can see some of his other conversations and musings here.
Before leaving Biglaw for good, I considered doing what I felt like was the next best thing to launching my own startup: working at a firm whose clients were primarily startups. The pitch from recruiters was always the same: startups and venture capital clients are much better to work with than their “big company” and private equity counterparts.
But I wasn’t buying it. Biglaw is Biglaw. It doesn’t matter if your client is Alcoa or three co-founders with the hottest new dating app (it uses an algorithm to tell you who at the nightclub wants you to buy them a drink); clients will be demanding, and legal work is legal work.
But more and more of my former colleagues who have made the jump have been telling me that there’s truth to the claim that “startups are more fun.” So, to get some clarity on this issue, I decided to invite Ed Zimmerman, the founder of the tech group at Lowenstein Sandler and a columnist at the WSJ Accelerators Blog, to join me for a conversation on this topic. Since on-campus interviews are right around the corner, I thought this topic would be nicely timed.
And since we’re creating the conversation using ReplyAll, make sure to keep checking back on our conversation as it develops over the course of the week…
Ed note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Dan Lear explores the role of technology in the future of the legal industry.
“A lot of people have recently jumped in [to the legal tech/startup space] but the fact is that law isn’t any different than any other industry.” Josh Kubicki – Co-founder Lex Redux
In August 2011 Mark Andreessen, co-founder of Netscape and noted venture capitalist, wrote an essay in the Wall Street Journal entitled “Why Software is Eating the World.” In it Andreessen stated that software had already revolutionized many industries: bookselling (think Amazon vs. Borders), video rental (Netflix vs. Blockbuster), and music (iTunes, Spotify, and Pandora) and warned: “Companies in every industry need to assume that a software revolution is coming.” (Emphasis added.)
Fast forward less than three years and Lex Redux may be the sound of the software revolution arriving at the legal industry’s doorstep.
Ed. note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Sunny Choi of Ms. JD interviews lawyers who have found their passion by leaving the law.
Fact: The law isn’t for everyone. Fiction: You have to practice law if you’re a law school graduate.
Sometimes, you just have to leave the law completely and follow the road less traveled in order to find your true passion. I’ve interviewed two former attorneys who were brave enough to venture into the unknown and in the process, discover their passions outside of the law.
MEE-JUNG JANG (New York, NY)
1. What is your current occupation or line of work?
Ronan Farrow: a former Forbes 30 Under 30 honoree turned contest judge.
Since 2012, the list-loving folks at Forbes have been publishing “30 Under 30″ compilations for various fields of endeavor. The 2014 lists just came out, and they include, of course, a 30 Under 30 for law and public policy. We noted the news in yesterday’s Non-Sequiturs.
A list of notable legal eagles under 30 presents additional problems. Unlike, say, sports or the arts, where people over 30 might already be “over the hill,” law doesn’t lend itself to super-young prodigies. As Miguel Morales of Forbes points out in introducing the list, “It’s never easy for FORBES staffers to sniff out the 30 best and brightest Millennials making an impact on their fields. In law and public policy, where most people are barely out of law school by 30, let alone blazing trails in their fields, the task sometimes felt farcical.”
Whether it’s farcical or not, we know you want to see the list. Let’s have a peek, shall we?
Being general counsel is like being Tom Hagen in the Godfather — you’re a Consigliere.
– A “top lawyer at a New York City startup,” explaining the value of creative lawyering to getting a new business off the ground. Daniel Doktori of WilmerHale spoke to a number of GCs about when startups should hire a lawyer and how to make the most of their new counsel when they do. Just always remember that Tommy isn’t a wartime consigliere.
Video games and the law are quite a combination. Sometimes games spawn lawsuits, like Zynga’s case against the makers of Bang With Friends (which should really just change its name to Bangville, as Joe Patrice suggested). Sometimes the law spawns games, like Primordia, created by Harvard Law grad Mark Yohalem.
Are you a lawyer who enjoys playing video games? And do you like making money?
Here’s one lawyer’s story of how he took his interest in gaming and monetized it quite nicely….
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….
Out west, we’re in the middle of a gold rush. Programmers, marketers, and young business school grads are flocking to the Bay Area all with big dreams of striking start-up gold.
If you wander down Market Street, you’ll hear people mumbling a mantra: “Internet business. Internet business. Internet business.” Or perhaps, “Please let Google buy me. Please let Google buy me.”
Lawyers don’t usually play too much into this equation, except for the unfortunate in-house counsel tasked with explaining to a start-up’s management why playing beer pong in the conference room during work hours may be an unwise decision.
Or are attorneys much more relevant here than the layman might realize? Yesterday, the New York Times profiled a storied Biglaw firm that’s playing quite a part in the current techbubble boom. It’s not this firm’s first time at the rodeo, but other firms smell dollars in the air, too, and there’s a battle brewing over who will represent the next Google, Facebook, what have you.
Oprah is ending on May 25. Like most Americans, I am exhibiting signs of Empty Oprah Syndrome. During this time, as I mourn the loss of my “ultimate girlfriend,” I find myself asking one key question: why does Gayle King get to be Oprah’s actual best friend? I would be way better.
There are a few answers to that question. One answer, I guess, could be attributed to the fact that I have never met Oprah Winfrey. The other answer is that Gayle has something I do not. She has a shared history with Oprah, spanning thirty years. In other words, these women grew up together; they were friends before Oprah Winfrey became Oprah.
Why am I talking about Oprah and Gayle? Because I have Empty Oprah Syndrome, remember? And because there might be a lesson here for small-firm lawyers….
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: firstname.lastname@example.org.
Please note that Evan Jowers and Robert Kinney are still in Hong Kong and will stay FOR THE REMAINDER OF THIS WEEK. We still have a handful of available slots for meetings with our Asia Chronicles fans. If we have not been in touch lately, reach out and let us know when we could meet! There is no need for an agenda at all. Most of our in-person meetings on these trips are with folks who understand that improving a legal practice through lateral hiring is an information-driven process that takes time to handle correctly.
Regarding trends in lateral US associate hiring in Hong Kong, we of course keep much of what we know off of this blog. Based on placement revenue, though, Kinney is having one of our most successful years ever in Asia. We are helping a number of our law firm clients with M&A, fund formation, cap markets, project finance, FCPA and disputes openings. These are very specific needs in many cases, so a conversation with us before jumping in may be helpful. As always, we like to be sure to get the maximum number of interviews per submission, using a well-informed, highly targeted, and selective approach, taking into account short, medium and long-term career aims.
Making a well informed decision during a job search is easier said than done – the information we provide comes from 10 years of being the market leader in US attorney placements at the top tier firms in Asia. There is no substitute for having known a hiring partner since he/she was an associate or for having helped a partner grow his or her practice from zip to zooming, and this is happily where we stand today – with years of background information on just about every relevant person in all the markets we serve, and most especially in Hong Kong/China/Greater Asia. So get in touch and get a download from us this week if we can fit it in, or soon in any case!
The legal industry is being disrupted at every level by technological advances. While legal tech entrepreneurs and innovators are racing to create a more efficient and productive future, there is widespread indifference on the part of attorneys toward these emerging technologies.
When the LexisNexis Cloud Technology Survey results were reported earlier this year, it showed that attorneys were starting to peer less skeptically into the future, and slowly but surely leaning more toward all the benefits the law cloud has to offer.
Because let’s face it, plenty of attorneys are perhaps a bit too comfortable with their “system” of practice management, which may or may not include neon highlighters, sticky notes, dog-eared file folders, and a word processing program that was last updated when the term “raise the roof” was still de rigueur.