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A Partner's $64,000 Question: 'How Marketable Am I?'
I am often asked about the current job market for law firm partners, and my answer is what you'd expect from a former practicing attorney: “It depends.” I then ask a series of questions that will help me assess that attorney's marketability and job prospects.
Even during the economic downturn, lateral partner hiring remained fairly strong, primarily because the market for partners is largely opportunistic. At times a law firm may need to bring on a lateral partner or group to fill an active need or expand into a new city or practice area, but as a general matter, firms are not looking for partners in the traditional “have to have someone” sense. Unlike a company looking for a CEO or General Counsel, firms usually don't “have” to add anyone and simply won't if the right partner isn't before them.
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Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
Protecting Innovation in the Cyber World from Patent Trolls
With trillions of dollars to keep watch over, the last thing we need is the distraction of costly litigation brought on by patent assertion entities (PAEs or "patent trolls"), companies that don't make any products but instead seek royalties by asserting their patents against those who do make products.