Categories
Family Business Succession

Behold, the Powers of Attorney!

By Maureen T. McKay

One upon a time, I had a client named Jack, whose mother had granted him a Power of Attorney (“POA”).  Some years later, Mom’s capacity became questionable. Jack’s sister, Jill, wanted to have Mom create a new POA in her favour that would terminate Jack’s POA. The future of a family business hung in the balance. Someone was likely to come tumbling down the hill. The dispute made quite a few family members unhappy, and quite a few lawyers a lot of money.

Categories
Family Business Succession

Family Business: Team Sports in the Legal Profession

“A dysfunctional family is any family with more than one person in it.”   ~ Mary Karr

Categories
Family Business Succession

It’s Not Business, It’s Personal

In an earlier article, I wrote about taking responsibility for planning for the succession of our personal and business affairs and threatened that Maureen McKay and I would write subsequent articles to explore this topic.

Categories
Family Business Succession

Laughing About Death, Taxes, and Other Sad Stuff

My wife, Maureen McKay, is the love of my life, so it is only natural that I want to be sure that she will be well taken care of when I pop off. And since I am now 70 years old and she is quite a bit younger than I am, it only makes sense that I would try to put some things in order to make it easier for her to go shopping when I nod off for the last time.

Categories
The Practice of Law

The Truth About Consequences

Sometimes when I consider what tremendous consequences come from little things, I am tempted to think there are no little things. 

  ~  Bruce Barton

I used to ask my litigation partners how it felt to issue a Statement of Claim and ruin someone’s day. Mainly I wanted to annoy them, but I also thought that it was a useful reminder that the things that we do as lawyers can have serious consequences for other people.

Categories
People I Met Practicing Law

Who Do You Want To Be in the Legal Profession?

There was once a mid-sized law firm that wanted to develop a specialty in a niche area of litigation.

At the bottom level of that specialty, there were general commercial litigation lawyers who wrongly thought that they knew enough to be competent. One step above, there were lawyers with a decent reputation who gave good, creative, advice and achieved decent results most of the time. And then there were the Tier One superstars. Big reputations, high billings, and in demand for the most difficult assignments.

Categories
Mental Health and Work/Life Balance

Tell Me What You Really, Really, Want

“So, tell me what you want, what you really, really want “                

~ Spice Girls

Have you thought about what type of people law firms really, really, want to hire? I mean, after you drill down past the marketing and human resources departments, and contemplate the type of things that even the Partners are afraid to admit behind closed doors.

Categories
The Mentality and Attitudes of Lawyers

On Being an Old White Guy Commenting on Legal Issues

I got into a bit of a dust-up with a lawyer on LinkedIn the other day. She wrote something that I did not agree with, which was clothed in reverence for human rights, so I countered with my usual intelligent and incisive commentary, informed by my long history in the legal profession.

Categories
Law Firm Management

There is No Such Thing as a Free Ice Cream Cone

Those of you who read my stuff know that I am not the world’s biggest fan of law firms who address mental health issues by offering pizza and yoga classes, while refusing to acknowledge that the principal cause of their people’s suffering is overwork.

Categories
The Practice of Law

Media Manipulation

So, this employment lawyer leaves her firm and sues, as she has the right to do. She makes scandalous allegations (including racial discrimination and harassment) against her former employer, as she has the right to do. Then she and her lawyer go to the media, and a story is published in the Law Times featuring pictures of the lawyer and her counsel. The lawyer then posts a copy of the article on social media, with a link to the Statement of Claim. She apparently decided that it would be good strategy and worth the risk of legal consequences.