TheTwinAndreBen
3 stacks
No matter what the scale, they dont make as much as the originators, and most importantly, they are expendable.
In my #anecdotal experience, some law school staff/profs were super successful lawyers who made obscene bank in private practice and then went into academia because they didn't need any more money and liked to showcase their success to students, but most were people who couldn't get a job anywhere else so were like fuck it, maybe somebody will pay me to teach. I don't know anybody near the top of their law school class with legit job prospects who decides to forego those prospects to go on staff with a law school.
Okay, I think where we differ is the definition of practicing law. The people you are describing are good employees, no different from employees at any other major corporation, but to me that differs from the practice of law. To me, a big part of the practice of law is the professional self-sufficiency. The ability, if my firm broke up tomorrow, to be able to open up my own office on Monday and do fine. That doesn't mean the ability to handle everything from a capital murder trial to debt securitization, but to be well-rounded enough and/or respected in your specialty enough where you do not have to depend on someone else to help earn your paycheck for you.
Right. In today's world lawyers are, generally speaking, pretty fungible within their practice area once you get past the ambulance chasers. If one of your litigation associates or deal attorneys left, would you have much trouble replacing him/her within a few weeks? Which to me is why the self-sufficiency is so important as a measure of success.
Just wanted to track how the argument has changed over the past day.
And don't get me wrong- being able to create your own book of business is a great skill. It is most likely the best way to be consistently successful as a lawyer. But it is not the only way. And suggesting that lawyers who don't develop business are people "who couldn't get a job anywhere else" is horseshit.
I just read the entire past page and a half. I think you guys are all talking past each other. You can be a success anywhere, but particularly in BigLaw where many of the clients are institutional clients, without being an "originator." Hell, you can make 7 figures doing nothing but supervising a bunch of junior partners and associates on work that you didn't originate. I see a person every single day in my office that has probably done zero hours of business development in the past decade and could light cigars with $100 bills every day if he wanted to. What's more, he doesn't want to be on the road 200 days a year visiting clients and doing all the shit that the head of his practice group does. Success looks different to different people. Practicing law, making a shit ton of money, and going home every night is exactly what he wants.
But at the same time, it is worth discussing the finders, minders and grinders dynamic, especially since you can't have one without any of the others. A partner originating a $20M book of business isn't doing that without an entire team consisting of a group of lawyers (mid-level partners) supervising the work and a larger group (junior partners and associates) actually doing all the work. No different than running a $20M/year business. The further up the chain you are, the harder you are to replace and the better you are paid. Period. They are also absolutely 100% free from the question of "How many hours did you bill last year?" If you have the skills to generate business sufficient to keep a team of 25+ lawyers busy, nobody wants you at a desk billing hours. Your skills are far more valuable out chasing business. That person can also pack up their ball and move somewhere else if the mood strikes them. The absolute freedom to say "fuck you" is what success looks like to that person.
As I said above, a main "lieutenants" that supervises all the work is going to be very successful, well-compensated, and powerful as well, but their success, compensation, and power is always going to be a reflection of the origination. Of course, they are probably also the most skilled at the actual "lawyering" part of practicing law, but that doesn't bring the same freedom and ability to say "fuck you" that being at the top of that pyramid does. If the person that you work for says "Come on, we're moving to the firm across the street" you have to say OK and start packing your boxes.
Law firms that are out trying to hire lateral partners care about 2 questions: What's your book? Is it portable? I have participated in that discussion from both the hiring and the interviewing side. That's all anyone really cares about.
Being able to originate business is probably the least important skill if the question is "Are you skilled at the practice of law?"
Being able to originate business is definitely the most important skill if the question is "Are you a valued commodity within a firm or on the open legal market"
Finally (and anecdotally) it's also worth noting that the best "originator" that I have ever seen, with a book of business the size of the GDP of a small European nation was a mediocre student at what is generally considered a second tier law school. He hates actually doing legal work. If you made him sit at his desk all day and be an actual "lawyer" as opposed to shaking hands and slapping backs, he would suck at it, and would not be a "success."
Fellow lawyers, I am getting call after call from fucking Avvo about updating my online lawyer profile. Are you guys being bugged about this too?
Fellow lawyers, I am getting call after call from fucking Avvo about updating my online lawyer profile. Are you guys being bugged about this too?
No, but I have received several calls from attorneys asking me if I can mediate their case because apparently avvo says I mediate.
Fellow lawyers, I am getting call after call from fucking Avvo about updating my online lawyer profile. Are you guys being bugged about this too?
Yeah my LRW prof at wake was unemployable.