In Part One of The View From The End of The Road, Old Murray (“OM”) went back in time to speak to Young Murray (“YM”) about the beginning of his journey in the legal profession and concluded that Young Murray just did not get it.
Now, Old Murray is going to check in to see whether everything got better when Young Murray became a partner. To read part Two, click here:
The thing about starting a new career is that we often do it when we are young and have little experience in life or in business. So, we look to those who came before us to show us the path to success. We assume that the older and wiser folks know what they are doing. That is our first mistake.
Read about it here.
Throughout my years as a partner, managing partner, practice group leader and supervising lawyer, I used to speak to young lawyers who told me what they thought that I wanted to hear. Things like how much they loved their jobs, how supportive the firm was, and how they loved working evenings and weekends. They were quite right. That is exactly what I wanted to hear.
As a recession may be looming and Banks may be enforcing their mortgages, I thought that I would share this story from the recession in the early 1990’s.
There was a law firm that did volume mortgage remedy work for a Canadian Bank. A somewhat junior real estate lawyer who I will call Barbara managed the files. The work was somewhat routine but required precision and organizational skills, and Barbara did it well and earned a reasonable salary.
From time to time I hear stories about Big Law offering Big Money to attract first year lawyers to sign away their souls in Toronto, or U.S. firms opening the vaults and waving around signing bonuses to lure Canadian legal newbies south of the border.
While throwing money at junior folks can be a good thing, I think that a warning is in order. Since no one else appears to be issuing one, yet again it falls to me to cut through the bullshit, state the obvious, and protect the new generation of lawyers.
I will draw my inspiration from the love of my life, who, nurturing parent that she is, used to warn her young children about “Stranger Danger.” More specifically, she would say: “Don’t be stupid about it. Be sure that you see the candy BEFORE you get in the van.”
I will leave it to you intelligent young folks to search for meaning in my warning and being lawyers, Govern Yourselves Accordingly.
I had only been a lawyer for a few months when I had my first shareholders dispute to deal with.
My boss told me to take the position with opposing counsel that his client’s resignation from “all positions with the corporation” included his resignation as a minority shareholder. I told him that his argument was ridiculous. One cannot resign as a shareholder.
When I started practicing law, I joined a firm which had one exceptionally large client and very many small clients.
The large client needed help with interesting transactions, sophisticated corporate reorganizations, financings with lots of zeros, and creative corporate structures. Large files with large billings.
The smaller clients brought simpler work such as incorporations, small business purchases, and simple shareholders agreements. Small files with small billings.
“You look like you don’t have a clue what you are doing,” said absolutely nobody the first time that they met their Dentist. Or their Surgeon. Or their Accountant.
Many years ago when I was working 1,000 hours a week and my daughter was very young, I was trying to get her to eat an apple after a busy day at work. She was having none of it. Frustration levels were rising on both sides. Finally, with tears streaming down her face, she blurted out, “I want my parents dead.”
I whine a fair bit about the legal profession. Occasionally someone asks me what I would have done differently if I could go back and start over. Of course, the trite answer is “be an optometrist.” (Some neat things about being an optometrist: (i) you get to wear a white coat; (ii) the hours are fairly regular; (iii) you rarely have to worry about getting sued for prescribing the wrong lenses; and (iv) according to Dr. Google, your average salary will be higher than the average salary of a lawyer.)