A Sucker’s Game
By Murray Gottheil | February 13, 2024 Imagine the following scenario: Jordan is a third year associate with Big Law targets. He typically achieves that target and receives a bonus of $18,000. He is also paid 10% of the billed and collected business that he brings in. Despite the “reasonableness” of the target, Jordan is […]
Titles are the Opium of the Masses
By Murray Gottheil | February 3, 2024 Unsuccessful people are the ones who are impressed by celebrity, by people’s names and titles – Robin S. Sharma In the old days, there were associates and partners. Every lawyer planned to work ridiculously hard as an associate for about seven years, after which the firm would invite them […]
Twenty-Four Hundred Hours
By Murray Gottheil | January 25, 2024 I spoke to two law firm partners this week: both told me that they were expected to put in 2,400 hours, consisting of 2,000 billable hours and 400 non-billable hours (administration, firm events, continuing education, business promotion, and mentoring) annually. I did some math to determine how many hours […]
Zero is the Loneliest Number
By Murray Gottheil | January 23, 2025 In law firms, more zeros are better than fewer zeros. For example, announcing, “Look at me! I just closed a $100,000,000 acquisition” impresses your colleagues more than saying, “I just did a deal worth $10,000,000.” A deal that was only worth $965,000 is not even worth mentioning. Frankly, it is almost […]
Big Law Does It Better
By Murray Gottheil | January 22, 2024 I am willing to bet that you did not expect this headline from me! And to be fair, I do not intend it as a general statement. What I am going to talk about is legal research, and it is a fact that Big Law does that better than the […]
Let’s Talk About Recruiters
By Murray Gottheil | January 15, 2025 Lawyers struggle to attract talent who are both capable and a good fit for a firm’s culture. If only there were consultants whom firms could retain and candidates could work with who understand the market, the culture in different firms and practice groups, the current salaries being paid by […]
BARE BONES BRIEFS: No charging order for fees though client refuses to direct settlement to firm; Judge orders duelling counsel to lunch together; Lenczner Slaght obtains $259 million judgment in Manitoba’s first electronic trial; BLG hires Hélène Deschamps Marquis to co-head privacy and cybersecurity group
By Julius Melnitzer | January 5, 2005 BAD WAY FOR LAW FIRM TO START NEW YEAR On New Year’s Eve, Ontario Superior Court Justice Todd Robinson denied Woodrbridge, ON law firm Capo Sgro LLP‘s application for a charging order over settlement fees, brought after the client sought an assessment (still pending) of the firm’s total […]
Retirement For Young and Old Lawyers: Part Seven
By Murray Gottheil | January 1, 2025 In Part Four, I wrote about the dread that some of us experience when we contemplate the fantasy number that we think we have to save to retire. Once I abandoned my original demented plan to work as long as it took to achieve my number, I asked my […]
Retirement For Young and Old Lawyers: Part Six
By Murray Gottheil | December 18, 2024 Husband: “Green Acres is the place to be . . . keep Manhattan, just give me that countryside.” Wife: “New York is where I’d rather stay. I get allergic smelling hay. I just adore a penthouse view. Dah-ling, I love you, but give me Park Avenue.” – Lyrics by Vic […]
The Unhappy Lawyer: It’s Not About the Journey
By Marcel Strigberger | December 17, 2024 The following is an excerpt from Marcel Strigberger’s new book, First, Let’s Kill the Lawyer Jokes: An Attorney’s Irreverent Serious Look at the Legal Universe Hey lawyers! Is everybody happy? You may be one of the fortunate ones. I Googled “unhappy lawyers” and my search triggered 17,200,000 results, including “I hate being […]