Categories
Mental Health and Work/Life Balance

Always Failing at Something

When I practiced law, I was fairly good at doing the many things that a lawyer has to do in order to deliver great client service. I always offered to meet at the client’s office. I listened carefully to the clients to ascertain their goals and concerns. I insisted that I work to a deadline and if the client did not volunteer a deadline, I prompted them to set one. I frequently made the deadline on Monday so if I got overwhelmed with work, I could finish the project up on the weekend. I almost always met my deadline, and on the rare occasion that I was having difficulty doing so, I would call and explain the situation and give the client options, such as having me work all night to meet the original deadline, extending the deadline or having an associate take over the project.

Categories
Law Firm Management

Law Firm Compensation Systems: Getting What You Pay For

I was once hired at a firm to replace a much more senior corporate lawyer who I will call Carl.

One of a number of things which Carl had done to cause the firm to search for a replacement was that he had gamed the compensation system. Under that system, Carl was paid a bonus based on a percentage of his billings, without reference to collections. This would be a fatal flaw in any compensation system, but at the time the firm was new to that type of thing and had not yet figured that out.

Categories
Law Firm Management

The Best Article Ever Written (by me) About Retiring from Law Firms

Let’s say that a partner at a law firm has been there for quite a while and is getting older, a situation in which I once found myself.

And let’s say that the partner is done with working lots and lots of hours and wants out. Perhaps the partner has become tired or has had a health scare or no longer deals with stress as well as he or she or they once did or finally realizes that there is more to life, or whatever.

Categories
Legal Fees

A Lawyer’s Perspective on All that Hourly Rate Nonsense

“Our policy is to push the work down to the least expensive professional resource who can provide an excellent work product, and by doing so you get the best value for your money.”  

Said every partner in a law firm, ever. And they mean it when they say it. That is in fact their policy. And in theory, some day they will figure out how to manage their law firm so that they can consistently comply with that policy. Of course, there is a difference between theory and practice. For example, in theory communism works. Not so much in practice.

Categories
Legal Fees

Estimates or Guesstimates?

Every time I phone a call centre for just about any company, it turns out that they are experiencing a higher volume of calls than anticipated, and although my call is important to them, they must keep me on hold for a very long time.  It really makes you wonder why, after all of this time, they have not yet started anticipating a higher volume of calls and hiring more staff. Especially since my call is so important to them. I know that something does not quite add up, even if I have not zeroed in on the exact problem. I suspect that it has something to do with them lying to me and my call not actually being all that important to them.

Categories
The Practice of Law

Why Can’t You Make My Open-Heart Surgery Shorter?

At my first firm, Eric was a client lawyer. He was not much for reading legal documents, but he knew how he wanted them to look, and that was short.

Categories
Firm Culture

Lamenting Never Having Found the Legal Dream Team

You may have heard the saying that ‘If you owe a $100,000 to the Bank, you have a problem; but if you owe $100,000,000 to the Bank, the Bank has a problem.’ 

The first time that I saw this principle in action was in the case of a rather large company that became insolvent years ago. This company owed so much money and there was so little chance of any of it being recovered, that the Bank could not be bothered to spend the money required to shut it down, and no other creditor thought that it was worth their while to drive it into bankruptcy. So, the insolvent company kept sputtering along for quite a while.

Categories
Fluff

Translations From Lawyer Talk: Part Two

As a continuation of my public service, I offer the following additional translations from Lawyer Talk to Plain English:

Categories
The Practice of Law

Let’s Pretend that the Closing Date is Realistic

My many years of practice taught me that clients usually want to close their transactions quickly. 

You would think that they would want to close when everyone involved has had the time to do the job properly, but that does not seem to be the case.  Apparently, ‘quickly’ is when deals have to close.  Now, in fairness, there is often a good reason to close a deal quickly. A business reason, or a tax reason, perhaps.  But, more often than not, the desire to close the deal quickly seems to constitute an independent, over-reaching, crucial goal.

Categories
Fluff

Translations From Lawyer Talk

As a public service, I offer the following translations from Lawyer Talk to Plain English: