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Business of Law
The Effect of Capital Contributions on Law Firm Partners
Thursday, September 11, 2008
Q. I am a law firm partner who is considering an in-house opportunity versus a lateral move to another firm. There are a number of factors I am weighing. My question to you focuses on a piece of the compensation puzzle, namely, the capital contribution that will be required by my prospective law firm, which wants to bring me in as an equity member. My current firm has a corporate structure and no capital is required, so this is new to me. The in-house opportunity provides a base salary, bonus and equity. Any insights would be helpful.
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Book Smarts: Suggestions for a Sharp Legal Mind
Thursday, August 14, 2008
Readers have asked throughout the year for book recommendations that relate to topics covered in the column, such as business development, networking and various self-help options.
Keys to Building Long-Term Client Relationships
Thursday, July 10, 2008
Q. I am a first-year partner and recently landed my most significant client, which is a mid-market corporation. It took a lot of effort to get this client, and I'd like to keep the client for a long time. Do you have any general advice for building a solid, long-term relationship with clients? The client has a general counsel and four other lawyers on its in-house staff.
Location Flexibility Key for Firm Growth, Retention
Wednesday, June 11, 2008
Q: I am a member of our firm's executive committee. We are trying to be strategic in positioning our firm for continued growth. I am interested in knowing if you foresee any changes coming that could help to differentiate law firms. We have worked hard to improve our profits, have a good culture, provide solid training, especially for our younger employees and, all modesty aside, have a nice law firm. I am particularly interested in any thoughts you have that bear on retention.
Firms Ask Lawyers to Kick In for Marketing Expenses
Thursday, May 8, 2008
Q. Our firm enacted a policy that will require our lawyers, including partners, to pay for part of our marketing expenses out of our own pocket. We were told that this has become more commonplace at firms. Is this consistent with what you are seeing?
Launching Recruiter Relationships for a Job Hunt
Thursday, April 10, 2008
Q. I have a few questions about recruiters that also apply to several friends of mine who are lawyers. Despite our e-mails and calls to recruiters we often get no response. Why is that?
Guidelines to Making the Litigation Leap to In-House
Thursday, March 13, 2008
Q. I am a litigation partner who is interested in making a move in- house. I have several questions. First, why are there so few in-house litigation positions? I rarely see any listed anywhere.
For Lawyers, a Balanced Life Can Lead to Success
Thursday, February 14, 2008
Last month, a reader asked about attributes shared by many successful lawyers and how they could be applied to make 2008 a banner year.
Advice Offered to Provide Attorneys With the Keys to a Super 2008
Thursday, January 10, 2008
Q. I have read numerous articles that offer generic tips and resolutions that can be followed in the new year.
Will an MBA Offer In-House Counsel an Edge?
Thursday, December 13, 2007
Q: I am an associate general counsel in a publicly traded company. I was originally trained as a law firm litigator and then moved in house. I transitioned from litigation management to doing commercial work. In my new company, I now do a full range of work, which encompasses multiple practice disciplines. I am considering enrolling in a part-time Master of Business Administration program, as I think this may improve my knowledge of business, which should also improve my business judgment and hopefully make
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