I know a young doctor who I will call Stephanie, whose approach to her career impresses me quite a bit. She graduated at the top of her class, became a specialist, and had many choices open to her.
Tag: lawfirms
In the movie Cowboys and Aliens, the cowboys band together to vanquish the big, bad, powerful aliens.
When I retired, I moved to the country and tried to fit in with the country folks after having spent a lifetime in the Big City.
There is an old story about a fellow who was searching for his lost keys under a streetlight. Various people came over to him, asked what he was looking for, and joined in the search. Eventually a lawyer came by and asked the same question but then followed up and asked him where he had lost his keys. The fellow pointed to a dark corner. When the lawyer asked why he was looking for his keys over here if he had lost them over there, the fellow explained that it was too dark to find anything where he lost them.
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Adapt or Perish
Adapt or perish, now as ever, is nature’s inexorable imperative.” – H. G. Wells
I can mount a persuasive argument that I had a successful career practicing law.
Although it is unlikely that in a hundred years anyone will be writing about my contributions to the Law, some of my clients likely have fond memories about how I provided sound advice, got them out of a jam, or helped them achieve their goals.
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Know Your Snack Bracket
One of my best clients was a very large privately owned corporation. I had a great relationship with Steve, the majority shareholder/CEO. Our firm was the ‘go-to’ corporate counsel for the company.
The first time that Steve’s company was looking to handle some acquisitions, the CEO asked me, “What is your snack bracket for this type of work?” What he wanted to know was what size of deal we were comfortable handling. The answer at the time was deals of up to about $100,000,000. Beyond that a larger firm would better serve him.
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You’re Still Not Fired!
Let me tell you about annual reviews for Associates in law firms.
Let’s start with the word “annual” which suggests that the review will take place around the same time every year. In most firms, it will not, if a lawyer is conducting it. Doing that would require that billable work be put aside. That is not going to happen.
Rob was one of my favourite clients. He had intellectually challenging work, treated my whole team respectfully, gave me reasonable deadlines, and promptly paid all of his bills without question.
Yet, there were lawyers in my firm who did not like working for Rob, who, being smart and creative, would frequently propose unusual business structures or litigation strategies and then insist that we convince him why they would not work.
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Different Types of Smart
At my high school, athletics were valued above academics. I am pretty sure that we had the only ‘Reach for the Top’ team (an academic competition) which had a student who failed a grade one year and returned to the team the next year. Needless to say, our team did not win.
On the other hand, our school had three football teams, all of which won their respective divisions just about every year.
So, here is the situation. I am closing a deal with a senior partner from one of Canada’s largest law firms. Let’s call him “Big Law Guy.”
I am a senior partner myself, but with a medium-sized suburban law firm. By definition, he is supposed to be smarter than I am and his junior is supposed to be fortunate to be working for him instead of working with me.
It is an incontrovertible fact that young lawyers destined for private practice arrive at law firms without much clue as to how to practice law.
A lucky few are welcomed into a structured environment where good quality training, mentoring, and resources are provided to teach them their craft and to maintain quality control and client service while they learn.