Jan 7, 2013 in Demographic/Economic Trends, Law School Innovation
(Warning: long post and lots of informative links so read when you have the time.) My 9 year old was sitting in front of the computer doing his advanced math from a program his school has licensed when all of a sudden he blurts out, ‘Imagine if (E) and (R) and I could all go [...]
Oct 22, 2012 in Demographic/Economic Trends
This post is not for the faint of heart. Nor is it a political post. It is a cold hard look at statistical data (which I’m sure you can supplement anecdotally) on what is happening to wages in this country. And what a (potential) client earns directly impacts the route they will take to address [...]
Aug 14, 2012 in Demographic/Economic Trends, Inspiration, Subjective Opinions
The key to your life is how you deal with “Plan B.” You can aim for Plan A. You can arrange for Plan A. But “Plan B” is what actually happens to you. It’s your resilience in being able to roll with the punches and move on to “Plan B” that really makes your life. [...]
Aug 7, 2012 in Demographic/Economic Trends, Marketing, Solo & Small Firm Practice
Using this information may help you with your targeted marketing efforts, allow you to focus in on areas, to dig deeper in areas you may not have considered. Always pay attention in a global way as to what is really going on and then get specific in your approach. [Source: U.S. Census Bureau]
Jul 16, 2012 in Demographic/Economic Trends, Solo & Small Firm Practice
I periodically like to run a year-to-year comparison on five non-negotiable household expenses in order to finesse the household budget. While I expected to be unhappy at the increase in my day-to-day expenses, I didn’t expect to be slack-jawed when I looked at the last ten years. Expense 2001 2011 %Increase Home Heating Oil $1,000 [...]
Jul 9, 2012 in Demographic/Economic Trends, Solo & Small Firm Practice
One of the biggest issues facing solos has been the high cost of health care. Unless they have a spouse who carries them on their employer-sponsored plan (known as a family plan), purchasing health insurance is, in many cases, cost-prohibitive. It’s also a reason many people go without health insurance. Purchasing health insurance is also [...]
Jun 4, 2012 in Demographic/Economic Trends, Solo & Small Firm Practice, The BS-Free Zone
Has the legal market become so bad that lawyers are actually considering taking a ‘full-time associates’ position which pays $192.30 a week….before taxes? I once heard someone say that most people are not afraid of failure so much as they are afraid of success. At first blush I’m sure many of you are shaking your head [...]
May 7, 2012 in Client Relations, Demographic/Economic Trends, Marketing, Solo & Small Firm Practice
John Jantsch wrote a terrific piece a few years ago called “7 Time-Tested Ways to Dig Out From a Recession”. My position, however, is a little different. You should be doing these things ALL THE TIME. While you can read all seven ideas on John’s great site, I’m going to highlight numbers three, six and [...]
Apr 30, 2012 in Demographic/Economic Trends, Marketing
Quite often we ask ourselves how we can create a niche, how to be different, how to truly carve out a unique subset of a practice area to call our own and then get known for that area. I always like to follow demographic changes and economic changes to see what can be done. Well, [...]
Mar 19, 2012 in Demographic/Economic Trends, Inspiration, Work/Life
“In his new book Failing Law Schools, Washington University law professor Brian Tamanaha cites a remarkable statistic. American law schools, he reports, produce 45,000 new graduates each year; but recruiters expect only 25,000 job openings annually through 2018.” Edge International Consulting. This is staggering! If you do the math this means from 2012 – 2018, [...]
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