Marriage is a wonderful institution, but who wants to live in an institution?
Groucho Marx
I am a great fan of the institution of marriage. (Second marriages actually, but that would make for a much longer post.)
Anyone who has been married understands the concept of ‘institutional memory,’ which encapsulates your spouse’s recollection of why you were wrong before, are wrong now, and will likely be wrong in the future.
By the time that I figured out that I could no longer cope with the pressures of the legal profession and that something had to give, I had been practicing business law for thirty-three years. What can I say… I am a slow learner. It took me almost another seven years to get out. I escaped with my health intact, but just barely.
I speak to a number of newly called lawyers looking to secure a job as an associate.
I tell these applicants that they should be ready to answer a question about business development. Here are my tips:
For years I delegated work to Mindy, who was very competent, productive, generous, and warm.
I never knew when I walked into Mindy’s office to ask her to do something whether she would be her usual lovable self or would bite my head off.
You may be familiar with the “KISS Principle” attributed to one Kelly Johnson, a renowned aeronautical engineer at Lockheed Martin.
It turns out that the concept of “Keep It Simple, Stupid” applies whether you are designing aircraft or solving legal issues.
With a nod to the danger of generalizing, I would have to say that as a group, I like non-equity partners (“NEPs”) just as much, if not better, than I like equity partners. They are often people who are primarily interested in practicing law and doing well by their clients, as opposed to promoting themselves and reaching the top of the earnings heap.
On the other hand, I don’t think much of the whole concept of non-equity partnership.
I have been railing against the establishment in the legal profession for going on four years already. You would think that by now I would have annoyed at least a few well-established lawyers with deep pockets.
It seems to me that by this time someone would have offered to pay me at least six figures to abandon my principles, put down my metaphorical pen, and shut up.
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.
Those of you who read my stuff from time to time know that when I retired, I moved to the country, bought a pick-up truck, and started listening to country music. One song I like is by Carly Pearce, and it has the following lyrics:
So you went to Law School and participated in the legal clinic at the Fasken Building at University of Toronto or won a scholarship from Davies at Osgoode Hall. Somehow you were given the impression by your Law School experience that if you did not get yourself hired by a Big Law firm (“BL”), you would be a second-rate lawyer.
Although critical thinkers at Law School should have warned you about the Golden Rule, (“he who has the gold makes the rules”) and its corollary (“follow the money to find the guilty,”) you may have missed that lesson and ended up believing that bigger is better.