We all know that when it comes to hiring people, “if you pay peanuts, you get monkeys.” But what about when it comes to buying technology?
In a recent survey conducted by Appara about the State of Canadian Legaltech, eleven factors were identified as being important when law firms evaluate Legaltech, and cost was the third most-cited consideration, ranking just behind ease of use and features and functionality, but ahead of security, customer support, vendor reputation and reviews, and others.
The old timers among us will remember the 1970 movie Love Story, which featured what may be the stupidest line of dialogue ever. I refer to the statement that “love means never having to say you’re sorry.”
It would take a lawyer to build upon that bit of nonsense and make it into something even worse. And we are up to the challenge!
Paul is a junior lawyer. His supervising lawyer expects every document that Paul creates to be perfect. In order to ensure that this standard is met, all of Paul’s draft documents, no matter how routine, are reviewed and often revised. Paul resents the extra time that is required to achieve that standard, especially since he is working many, many hours.
I have been on many cruise ships. On every single one there was a daily meeting listed in the schedule of events for the Friends of Bill W. and Doctor Bob. After my first 10 or 12 cruises, I remarked to someone that these fellows must cruise a lot, because they have been on every cruise that I have taken. After laughing hysterically, my acquaintance informed me that Bill W. and Doctor Bob were the founders of Alcoholics Anonymous, that they were no longer alive, and therefore most likely not on the ship, and that the listed event was a 12-step meeting for Alcoholics.
My friend Peter was an accountant. He told me that at his partners meetings there were partners who worked hard to build the firm for the benefit of all. Then there were others who stayed mostly quiet and out of sight, but every so often rose silently and blew a poison dart into the discussion before slinking away. Those outside of the firm would never have guessed at the internal dysfunction.
I am spending this winter on cruise ships, trying to escape the cold, the snow, and everything back home that reminds me of working in a law firm.
With a cruise ship comes shore excursions, and with shore excursions come busses, and with busses come bus drivers and tour guides. With tour guides and bus drivers come tips. For those of you who may not be aware, tour guides and bus drivers share their tips, much like partners in law firms split up the year’s profits. Which brings me to my story.
Getting into a Partnership can be exciting. Staying in one is often more of a mixed bag. But exiting a partnership? Now we have something to talk about!
Some of my best client work involved partnership break-ups. They can become very nasty, very quickly.
Back in the days when everything seemed to be a binary choice, I was a young man who saw many things in black and white.
At the time, I would classify law firms as being one of two types.
We all know people in a wonderful marriage. We also know people in terrible marriages. Sometimes we attribute this to them having been so desperate to have a life partner that they rushed into things without taking the time to really get to know their partner, or even having been negligent or willfully blind to their incompatibility with their partner.
In prior parts of this series, I wrote about the advantages and disadvantages of becoming an equity partner in a law firm. In order to complete the picture, I really should address the fantasy of a non-equity partner (“NEP”) as well.