Here are some of the questions potential clients asked me back when I was practicing law and the answers that I wanted to give them, but never did:
Q. How much will it cost to draft a shareholder’s agreement?
A. If you are shopping for professional services based on price, I really do not want you for a client. I suggest that you find a lawyer who will draft the agreement for you for $750.00 and pray that you never have a dispute with your partner.
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:
My partner Gordon used to travel to Florida each winter on vacation with his biggest client.
Gordon would pay for every meal for both families and submit for reimbursement from the firm. When asked by the Managing Partner whether he had any friends who were not clients to vacation with, he answered rhetorically, “what better friend could there be than someone who helps me put bread on the table to feed my family?”
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.
Early in my career, one of my clients was the owner of a chain of retail bakeries. One day I attended at one of the stores with the President of the corporation, whose name was Stewart. When we were ready to leave the store, Stewart remembered that he was out of bread, selected a loaf, and paid the employee behind the counter for it.
My friend Martin called me the other day. He was a tad upset. Having been a partner in one law firm for most of his career, Martin had withdrawn as a partner and continued to work with the firm in his pre-retirement years as “Counsel.” As Counsel, he was an independent contractor and his agreement with his law firm provided that it could be terminated on six months’ notice.
I like orange popsicles. The cherry flavoured ones are also okay. The grape flavour is terrible. This is one of the few topics upon which everyone in my household agrees.
It is really hard to find a box of only orange popsicles. Trust me, I have looked. So, we always end up buying a box which contains all three flavours. Eventually our freezer becomes full of grape popsicles that nobody wants and we throw them away to make room. It is a waste of money and not that great for the environment.
I have heard it said that “an expert is someone from out of town with Power Point.” This expression has some old roots. When I originally heard it, it was “someone from out of town with overhead slides.”
Apparently nowadays you do not even have to travel to become an expert. A young lawyer contacted me recently to ask me my views on the legal profession because he had been told by the Managing Partner of his firm that I was an expert on the profession, a status that I appear to have achieved by ranting on social media.
2. Take your law school friends to lunch. They will be handing out work in a few years.
3. Hold your glass in your left hand when you are at a cocktail reception so your right hand won’t be clammy when you shake hands.
“There is a time for departure even when there’s no certain place to go.”
Tennessee Williams
On the day that the love of my life and I first told each other that we loved each other, we were, unfortunately, both married to other people. It was a pretty rough journey from then to now (together seventeen years, married for twelve.) Along the way a number of people were hurt, only a few of whom deserved it. I love the result but would not wish the journey on anyone, and deeply regret the hurt caused to the innocent parties.