Lawyers, Money, and Success

Lawyers, Money, and Success PDF Author: Macklin Fleming
Publisher: Bloomsbury Publishing USA
ISBN: 0313035318
Category : Law
Languages : en
Pages : 168

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Book Description
Retired Justice Macklin Fleming argues that in its quest for money, the legal profession has lost sight of its true tasks and responsibilities, with the result that the profession is rife with client dissatisfaction, public distrust, and individual lawyer discontent. Money is now the measure of success, he says, and honesty has been diluted, while fiduciary responsibility has eroded. Fleming elaborates his case with unusual rigor. In the quest for the brass ring of financial success, corner-cutting, absence of candor, and distortions of fact have become increasingly tolerated, to the extent that clients, the public, and lawyers themselves no longer have a sense of trust and confidence in the legal profession. Obviously, changes are needed, and unless they come from within the firms themselves, lawyers can be sure that they will come from individuals, agencies, and organizations outside these firms. Attorneys in all kinds of practices, their clients in all sectors of the economy, and academics concerned with the practice of law in all its dimensions will find Fleming's book informative, challenging, and certainly provocative reading. Fleming starts by examining what he sees as a paradox: a large increase in lawyers' fees despite a fourfold increase in lawyer numbers and a threefold increase in their proportion of the general population. What happened to the law of supply and demand? he asks. After tracing the history of the large corporate law firm and its dominance within the profession, he shows how cost-effectiveness within large firms has declined while at the same time what he calls the magic of the emperor's new clothes has suspended the law of supply and demand. He discusses excessive legal fees, their resistance to client and court controls, and relates his discussion to the present pervasive distrust of lawyers among the public. Fleming outlines the four existing challenges to business-as-usual by lawyers and law firms, and then ventures his own analysis of the needed future changes in law firms. These include professional law firm management under a less archaic structure, effective integrity and quality controls, cost-controlled delivery of legal services, and increased job satisfaction for its working lawyers.

Lawyers, Money, and Success

Lawyers, Money, and Success PDF Author: Macklin Fleming
Publisher: Bloomsbury Publishing USA
ISBN: 0313035318
Category : Law
Languages : en
Pages : 168

Get Book

Book Description
Retired Justice Macklin Fleming argues that in its quest for money, the legal profession has lost sight of its true tasks and responsibilities, with the result that the profession is rife with client dissatisfaction, public distrust, and individual lawyer discontent. Money is now the measure of success, he says, and honesty has been diluted, while fiduciary responsibility has eroded. Fleming elaborates his case with unusual rigor. In the quest for the brass ring of financial success, corner-cutting, absence of candor, and distortions of fact have become increasingly tolerated, to the extent that clients, the public, and lawyers themselves no longer have a sense of trust and confidence in the legal profession. Obviously, changes are needed, and unless they come from within the firms themselves, lawyers can be sure that they will come from individuals, agencies, and organizations outside these firms. Attorneys in all kinds of practices, their clients in all sectors of the economy, and academics concerned with the practice of law in all its dimensions will find Fleming's book informative, challenging, and certainly provocative reading. Fleming starts by examining what he sees as a paradox: a large increase in lawyers' fees despite a fourfold increase in lawyer numbers and a threefold increase in their proportion of the general population. What happened to the law of supply and demand? he asks. After tracing the history of the large corporate law firm and its dominance within the profession, he shows how cost-effectiveness within large firms has declined while at the same time what he calls the magic of the emperor's new clothes has suspended the law of supply and demand. He discusses excessive legal fees, their resistance to client and court controls, and relates his discussion to the present pervasive distrust of lawyers among the public. Fleming outlines the four existing challenges to business-as-usual by lawyers and law firms, and then ventures his own analysis of the needed future changes in law firms. These include professional law firm management under a less archaic structure, effective integrity and quality controls, cost-controlled delivery of legal services, and increased job satisfaction for its working lawyers.

The Lawyer's Guide to Increasing Revenue

The Lawyer's Guide to Increasing Revenue PDF Author: Arthur G. Greene
Publisher: American Bar Association
ISBN: 9781590314227
Category : Business & Economics
Languages : en
Pages : 184

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Book Description
"Are you ready to look beyond cost-cutting and toward new revenue opportunities? Learn how you can achieve growth using the resources you already have at your firm. Discover the factors that affect your law firm's revenue production, how to evaluate them, and how to take specific action steps designed to increase your returns. You'll learn how to best improve performance and profitability in each of the key aspects of your law firm."--BOOK JACKET.

The Money Lawyers

The Money Lawyers PDF Author: Joseph C. Goulden
Publisher: Truman Talley Books
ISBN: 1466883073
Category : Law
Languages : en
Pages : 549

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Book Description
In The Money Lawyers Joseph C. Goulden vividly describes how lawyering has become a money-driven business, not just a profession. It explores the lucrative world of class-action litigation, where plaintiff lawyers - "The Class-Action Club" - garner billions of dollars in damages and fees through suits against manufacturers of items such as breast implants, asbestos, and diet pills. Also featured are the new super-lawyer David Boies of IBM/Florida vote fame; the Washington, D.C., lawyer-lobbyist Tom Boggs; and the mess divorce of securities "strike-suit law" William Lerach of San Diego and Melvyn Weiss of New York. Additionally, the dark side of "white-shoe law" is detailed in an account of how a Wall Street firm cast out partners so that survivors could make more money, and the price the firm paid for its blatant disloyalty.

Lawyer Finances-Principles and Practices for Personal and Professional Financial Success

Lawyer Finances-Principles and Practices for Personal and Professional Financial Success PDF Author: Nelson P. Miller
Publisher: Vandeplas Pub.
ISBN: 9781600422232
Category : Business & Economics
Languages : en
Pages : 290

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Book Description
Too few lawyers know the financial principles and practices that make for personal and professional success. Lawyers are very good at many things necessary for law practice. They know the law and have the skills and identity to put the law to good use for their clients. They sometimes overlook, though, that their personal and professional finances can determine how long and effectively they are able to serve those clients. Finances can determine the success and failure of lawyers and their firms. Personal finances can make and break individual lawyers. When lawyers discern and follow sound financial principles and practices, they gain rewarding and sustaining peace of mind, purpose, stability, and security. Finances can also make and break firms. When the managing members of firms agree on and follow sound professional financial principles and practices, they lay and build a foundation for sustainable practice. This book introduces principles of personal and professional finance for lawyers. For lawyers personally, the subjects include financial statements and budgeting, risk management and insurance planning, and investment and retirement planning. For law firm financial management, the subjects include legal and capital structures, annual financial plans, balance sheets, working capital, operating statements, ratio analyses, and financial targets. Lawyers and law students who read this book should find encouraging confirmation of core commitments that they and others whom they trust have made and followed around finances. The principles and practices this book promotes are not a get-rich-quick scheme. They instead help lawyers prepare, plan, and practice wisely using modern methods made sound with the wisdom of the ages.

The King of Torts

The King of Torts PDF Author: John Grisham
Publisher: Vintage
ISBN: 034553199X
Category : Fiction
Languages : en
Pages : 482

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Book Description
#1 NEW YORK TIMES BESTSELLER • The office of the public defender is not known as a training ground for bright young litigators. Clay Carter has been there too long and, like most of his colleagues, dreams of a better job in a real firm. When he reluctantly takes the case of a young man charged with a random street killing, he assumes it is just another of the many senseless murders that hit D.C. every week. As he digs into the background of his client, Clay stumbles on a conspiracy too horrible to believe. He suddenly finds himself in the middle of a complex case against one of the largest pharmaceutical companies in the world, looking at the kind of enormous settlement that would totally change his life—that would make him, almost overnight, the legal profession’s newest king of torts... Don’t miss John Grisham’s new book, THE EXCHANGE: AFTER THE FIRM, coming soon!

Skadden

Skadden PDF Author: Lincoln Caplan
Publisher: Macmillan
ISBN: 0374524246
Category : Business & Economics
Languages : en
Pages : 370

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Book Description
Skadden, Arps, Slate, Meagher and Flom rode the tidal wave of takeovers in the 1970s and '80s to become the most profitable law firm in the world. At its peak, partners there earned an average of over $1 million a year. Unabashedly competitive and zealously private, Skadden, as the firm is known, was different from leading firms of previous eras: they had reflected the might and luster of their clients, but Skadden became a big business in its own right, with global.

How to be a Lawyer

How to be a Lawyer PDF Author: Charles G. Vaccaro
Publisher: Outskirts Press
ISBN: 9781432760403
Category :
Languages : en
Pages : 364

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Book Description
Anyone who gets through law school knows a lot about the law. The problem is that they don't know how to run a law practice and provide legal services to clients. This book provides lawyers with the nuts and bolts of doing just that as well as how to keep clients coming back-in other words-how to be a lawyer and make money. "How to be a Lawyer" is a collection of those proven techniques and procedures, along with insights gained from years of experience, in a format designed to help lawyers have a more rewarding experience in their chosen profession. The lawyer who attracts and satisfies more clients makes more money. This book tells you how to do that and more. It reveals the secrets to minimizing necessary administrative tasks and allowing lawyers to do what they are trained to do - provide legal services to clients.

The Busy Lawyer's Guide to Success

The Busy Lawyer's Guide to Success PDF Author: Reid F. Trautz
Publisher: American Bar Association
ISBN: 9781604424683
Category : Law
Languages : en
Pages : 160

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Book Description
Busy lawyers do not have dozens of extra hours to conduct research looking for new tips and ideas to streamline and enhance their practice of law. They need just-in-time learning to acquire the knowledge necessary to build their practices. This convenient pocket guide is the best ever collection of practical tips, ideas, and techniques to help you survive, thrive, and find success in the practice of law.

How to Be a Lawyer

How to Be a Lawyer PDF Author: Jason Mendelson
Publisher: John Wiley & Sons
ISBN: 111983581X
Category : Business & Economics
Languages : en
Pages : 342

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Book Description
Transform your legal education into a successful and fulfilling legal career In How to Be a Lawyer: The Path from Law School to Success, a team of veteran lawyers and entrepreneurs delivers an eye-opening discussion of how to translate your years of training and education into a running start in the world of practice. The book bridges the gap between law school and practice, whether you hope to be a big firm transactional attorney, a solo criminal lawyer, work for the government or any other legal profession. You’ll discover how you can use what you learned in law school and how you can develop the real skills you’ll need as you deal with clients and colleagues. The authors explain what your professors won’t tell you in law school and what employers and clients will actually expect from you. You’ll also find: Case studies and guest chapters describing the transition to major areas of law and how it can and should affect your law school decision making Expert advice on making your first job a successful one Guidance on how to avoid the most common career pitfalls and client mistakes Unfiltered opinions from clients about what they really think about lawyers An ideal resource for aspiring and current law students and early career lawyers, How to Be a Lawyer is the practical blueprint you need to build your legal career from scratch.

The Road Map to Rich

The Road Map to Rich PDF Author: Joseph Michael Dickerson
Publisher: BookPros, LLC
ISBN: 0979027500
Category : Entrepreneurship
Languages : en
Pages : 143

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Book Description
The Road Map to Rich will teach you how you can become a millionaire in real estate with the use of time and a little money. In this book, find out what a successful lawyer, investor and entrepreneur advises his clients about getting rich. Are you up to the challenge of being in business for yourself? This book will help you discover what you need to know before you get started.