I was the managing partner of a law firm for a while. At that time I saw myself as being something like Cassandra, who the Gods punished by giving her the ability to foresee the future while dooming her to never be believed. I used to try my best to convince my partners to see things my way. After all, I knew how things were going to turn out if they did not listen to me. Not only did some of them not listen, but they actively tried to subvert the things that I was doing for their benefit.
“Work hard, earn a great living, get whatever you want out of life, have all the stuff you want. But there should be a ceiling on it-enough is enough!”
~ Sandy Duncan
I used to think that I was a fairly sophisticated guy. I got me an education. I was a partner in a law firm. I advised some successful clients. But since I retired, moved to the country, and bought a pick-up truck, I have been rethinking some things and I realize that perhaps I am, and have always been, more of an Okie from Muskogee, or in Canadian terms, a hick from Temiskaming. And I am happy to be one.
I never worked in-house. Of course, having no experience working in-house is not going to stop me from spouting off about in-house counsel (“IHC”).
So, here we go!
In law firms, more zeros are better than fewer zeros. For example, announcing, “look at me! I just closed a $100,000,000 acquisition” impresses your colleagues more than saying, “I just did a deal worth $10,000,000.” A deal that was only worth $965,000 is not even worth mentioning. There just are not enough zeros. Frankly, it is almost embarrassing to have been involved with it.
When I had been practicing for about six years, I attended a meeting with two more senior lawyers to pitch a potential client on leaving a Big Law firm and coming to our mid-sized suburban firm. The other two were: (1) Sam, who was our managing partner, very business savvy, and a great marketer; and (2) Chuck, who was the senior corporate lawyer and also a great marketer. My late father would have described him as, “all flash, no cash.” Poor Chuck was an administrative disaster and despite his intelligence, a truly awful lawyer.
Whoever Dies With The Most Stuff Wins
–David Mitchell
The other day someone asked me why so many lawyers work excessive hours on the road to mental and physical health issues, divorce, and addiction.
The answer is simple. It is greed.
“Leadership is a two-way street, loyalty up and loyalty down.”
Grace Murray Hopper
I thought that it might be fun to test my skills as a writer, by writing about two things that have virtually nothing to do with each other. I considered writing about mosquitos and energy drinks, flags and ostriches, or trees and jet skis. But I wanted to find things that are irreconcilable, regardless of any possible context. After much thought, I hit upon “loyalty” and “law firms.”
I am retired. I did not have a vote in the last Law Society of Ontario (“LSO”) election, at which party politics showed up for the first time.
Although I did not have a horse in the race, I did follow the nastiness from afar. Various candidates were not satisfied with debating ideas. They found it necessary to vilify their opponents.
One of the values that drove me for a good long time was the importance of working hard and generating many billable hours.
I have concluded that there are three reasons that many lawyers work long hours. Some do it to serve their clients well. Others do it because they are workaholics. And finally, there are those who work all of the time because they are ambitious and they want to earn a lot of money. What all of these lawyers have in common is that they all believe that working hard will make them happy. It does not seem to work for many of them.
Someone once told me that if your family is poor when you are twelve years old, then no matter how much financial success you have, you will always be fearful that you might lose it all. On the other hand, the theory goes that if your family was rich when you were twelve years old, then no matter how badly you are doing at any moment, you will likely believe that financial success is around the corner.