I know. It’s a strange title. Having cash is always good. However, using cash to buy what you need isn’t always the best. Let me explain.
They made misleading claims about how many of their students were likely to find a job, obscuring the grim reality of how few get employment in their field. They buried their graduates in piles of debt they could not reasonably repay, and admitted unqualified students in pursuit of tuition revenue. They often failed to educate their students well enough to pass the tests required to land a job. And the watchdog that oversees them is facing sanctions from the Education Department.
This might sound very much like the scandal-ridden world of for-profit colleges. But since the recession, it has also become an accurate way to describe some American law schools. So, will the government step in and cancel your student loans?
If I hear one more lawyer tell me they referred out a case to another lawyer ‘just because’ and maybe that lawyer will send something their way down the road, I want to scream, ‘You are leaving money on the table.’ Do you not understand what a referral fee is? Do you not understand the value of this fee to provide you some financial stability for your practice?
Many people talk about Access to Justice (A2J), the big legal movement of the 21st century. But the biggest hurdle to A2J is the delivery of the legal education itself. The organization who controls what constitutes a valid education to gain a license to practice law is the American Bar Association (ABA). They determine accreditation. And as we all know, in order to sit for the bar exam you have to have graduated from an ABA-accredited law school (with the exception of California, Vermont, Virginia, Washington, and Wyoming).
Yes, it’s true. The ABA is the greatest hurdle to providing access to justice for the millions in this country who need affordable legal services. Let me tell you why.
Are you strategizing for 2016, and that means looking back over your prior years’ financials. I don’t know about you but I (and most of the small business owners I) rarely look past cash flow to the bigger picture, and then usually only when we are filing our tax returns. Here are some necessary tips to help you make much better decisions in 2016.
It’s Spring, traditionally time for a little Spring Cleaning. Toss out the old, start fresh. For the solo attorney, that often means purging ourselves of bad habits and setting some new goals.
This Spring, I recommend that you stop being toxic to your business. Yeah – you heard me. YOU are toxic to your business. And you need to stop it!
I’ve been fielding a lot of questions lately on why I believe new lawyers should be hanging a shingle. So, it was serendipitous that I be asked to do a guest podcast over at Gen Why Lawyer with Nicole Abboud, a solo herself. If you’re interested in my thoughts, want to start a discussion […]
Lawyers in the U.S. have fallen in love with “Esquire” It is found appended everywhere–on stationery mastheads and signatures, on business cards, professional listings, etc. You name it–it’s there! All well and good! Right? Not so fast! Read more….
Have you ever met people whose lives seem to be awesome? They have the awesome jobs, money and lives we wish we had. If it weren’t for the kids, the move, the downturn in the market or a myriad of other reasons we would be where they are now? Read more.