With the release of Formal Ethics Opinion 482 in September of 2018, the ABA finally made it quite clear. Lawyers do indeed have an ethical duty to develop a disaster recovery plan. Do you have yours?
Lawyers and those in their employ can and will make a mistake from time to time. It happens. Should a significant misstep ever occur on one of your matters, what might the fallout be? Think about this as a member of our learned and honorable profession. Clearly the client will be harmed in some fashion. Now, put yourself in your client’s shoes and ask who should be held responsible, particularly if a financial loss is part of the equation? You know darn well what the answer is. After all, if a lawyer representing you on a personal injury matter blew a statute that resulted in a lost opportunity for any kind of recovery, you would expect to be made whole and you know it. This is why I don’t get the excuses. Purchasing malpractice insurance isn’t about protecting lawyers. It’s about protecting clients should something go wrong, which makes it, at least in my mind, the right thing to do.
An attorney never gets an accountability pass just because the representation is framed as a favor. One can’t casually look into a legal matter, pass along a little advice and expect there to be no fallout if something goes wrong later on. An attorney is either in or out. There is no middle ground here.
Do you want to start a solo practice in a rural America? Do you want to learn how to be successful, understand the way to do it right?Who better to present a jam-packed guest lecture on this subject than Gary Bauer, lawyer and Chairman of the General Practice Solo Concentration for twenty years at WMU Cooley Law School. Gary feels very strongly there is so much potential for young (and not so young) lawyers to lives quality lives serving the legal needs of those in rural areas. Listen and learn.
When you look at your financials you should quickly see the picture they paint of your legal business’s performance. Your financials should serve as a confirmation of your financial positioning, a tool in which to measure your goal progression, and a compass guiding you into your financial future. Do yours?
You want more time with your family and do the things you love doing (besides practicing law). You also wanted a plethora of funds to support this. It would make sense that you now monitor these two things, time and money, like a hawk to make sure you’re getting what you originally set out to get from all this, right? Nope, in fact many practice owners run from basic accounting requirements (if this is you, for the love of law please keep reading). So why are you running from the thing you set out to gain?
Going solo with intention and doing it the right way is going solo by design. Who better to present a jam-packed guest lecture on this subject than Gary Bauer, lawyer and Chairman of the General Practice Solo Concentration for twenty years at WMU Cooley Law School. Gary and I are kindred spirits. His information is purposeful, thoughtful and complete. Listen and learn.
Last month I shared my first monthly report. The response really surprised me.
That post has had three times as many views as anything I’ve ever written. Some people called it brave, others called it unwise, but it definitely generated interest. I believe it’s because we lawyers are so inclined to hide or posture or self-deceive. Transparency inspires us because we are so disinclined to be transparent.
I don’t intend to shake up the industry or anything, nor do I believe this little blog has that capacity. But one day, years from now, a new attorney will land on these monthly reports. She will see that an idiot like me can stumble through and succeed, and she’ll see a path forward. That’s why I’m doing this.
Influencers offer the authenticity that buyers trust. Their relationship with their audience is not centered around selling merchandise, but rather, around informative and relevant content that interests their followers. When an influencer tells your brand’s story, it comes from the perspective of a consumer, rather than that of a business or marketing strategy. How does an influencer impact your solo/small firm practice? How can you reach them? Find out.
Starting or restarting a law practice can be daunting, especially when you can’t get a handle on a business plan in action, in real time. That’s why we are so excited that Attorney Mike Whelan is tracking the relaunch of his law practice. He shares everything from income to costs. We hope you benefit from Mike’s efforts.