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Read need-to-know updates, commentary, and analysis on Professional Practice issues written by leading professionals.

Essential Elements for Interviewing a Law Firm Lateral Candidate

by Jerome Kowalski on

Lateral hiring of partners by law firms can bring on great risks and result in huge financial disappointments. Lateral hiring can also create enormous rewards. We have seen a spate of law firms literally fail because of...more

A Jewel [v. Boxer] is a Law Firm Bankruptcy Trustee’s Best Friend; Unfinished Law Firm Business Taxes Departing Partners and Their...

by Jerome Kowalski on

Since 1988, when Finley Kumble filed for bankruptcy protection, some 32 major law firms have failed. In each of those cases, liabilities far exceeded assets and in most of these cases, partners of the defunct firm and the new...more

Now that Clients Won’t Pay for Training Young Associates, How are We Going to Teach Young Lawyers the Skills of Lawyering?

by Jerome Kowalski on

We still need to train our young lawyers the practical skills of day to day to day lawyering. We used to run a great gig under which we took raw law school graduates whose only particular skill was to “think like a lawyer” ...more

Law School Merit Scholarships: It Doesn’t Matter How Smart You Are. You Can’t Beat the Programmed Odds in a Gambling Slot Machine...

by Jerome Kowalski on

The New York Times just exposed one of the various scams law schools utilize to attract new students in a market with an ever dwindling demand for new lawyers. This recently revealed law school hucksterism is a blatant...more

What is the Market for Lateral Law Firm Partners Going to Look Like in 2011?

by Jerome Kowalski on

After a relatively anemic lateral market for lateral law firm partners in 2010, what can we expect potential lateral partners and law firms to see in 2011? We believe that there are ample opportunities for potential...more

Weathering the Storm: Using Social Networking Sites to Uncover the Hidden Job Opportunities

by Kevin L. Nichols on

Some social networking sites (“SNS”) are still in their teenage phase: crushes, gossip, sports stats, and local flavor are their typical posts. Most SNS’ casual approach to communicating is not the standard...more

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