Valorem Law Group LLC

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218 N. Jefferson St.
Suite 300
Chicago, Illinois 60661, United States
Contact: Patrick Lamb
Phone: 312.676.5462
Fax: 312.961.8026
Areas of Practice
  • Business Organizations
  • Commercial Law & Contracts
  • Criminal Law
  • Environmental Law
  • Litigation
  • Products Liability
  • Toxic Torts
Locations
Other U.S. Locations
  • Illinois
Number of Attorneys
2-10 Attorneys

BigLaw: Another Step in a Relentless, Vicious Circle

This natural tendency appears to apply to law firms as well. Yesterday, Above The Law reported that yet another large law firm has raised the associate hours requirement as a result of salary increases awarded in 2016. So what…more
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Dream Big. Why Not?

As a young boy, I vividly remember following Bobby Kennedy’s Presidential campaign. Like his brother Jack, Bobby was greatly admired in my Irish-American household. His death was met with great sadness. I sat riveted during…more
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Email Etiquette: Think About It From Your Client’s Perspective

I just spent a couple of minutes looking for the telephone number of someone who sent me an email. No big deal, except that if it is your client’s time spent looking for your number, it is a big deal. If you do something that…more
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Econ 101: If You Increase Expenses More Than You Increase Revenue, Profits Will Be Lower

You just can’t make this stuff up. A recent ABA Journal article, Some law firm leaders question associate pay hikes amid tepid year, caught my eye. The Peer Monitor report stated: Firms were squeezed by a perfect storm of…more
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An Example of Where Elite Businesses Go, But Law Firms Fear to Tread

The title is simple enough: success = experimentation. Here is Peter Diamandis’ thesis: Today’s most successful companies, the ones that are “crushing it,” started as a series of crazy ideas, followed by experiments to…more
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A Personal Reminder About the Value of Experience

On Saturday, I was sitting in my home office and I heard an episodic beeping sound that sounded like a smoke detector with a battery that needed replacing. I checked all the smoke detectors and none were chirping, so I…more
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GE, Like McDonalds, is Outsourcing Some Corporate Functions. How Soon Before It Happens With Law Departments?

My last post recounted McDonalds’ creation of its own ad agency and posited the question whether bespoke law firms could be far behind. Enter GE. Yes, that GE. According to CFO.com, GE is transferring about 600 of its tax…more
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McDonald's Creates its Own Ad Agency. Can Bespoke Law Firms Be Far Behind?

Several years ago, I was part of a proposal to a large tech company to create a custom, build-to-suit, build-to-serve law firm to handle the company’s IP work. The company showed interest, but ultimately it was too big a leap…more
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The Strange Pattern of BigLaw

There is a certain pattern or chronology of decisions that most law firms in the U.S. engage in that continues to baffle me. This year especially. First, BigLaw instituted enormous associate raises notwithstanding the clamor…more
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Herding Visionaries & the Velocity of Change

I have learned a lesson over the past few years that has revealed itself most often during the frequent get-togethers we are lucky to have with other disruptors in the legal industry -- herding visionaries is a difficult thing…more
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When We Consult on AFAs, These 3 Issues Are Raised

As part of our new foray into consulting, Pat Lamb and I have had the chance to help guide several small and mid-sized law firms interested in moving towards alternative fee arrangements but unsure where to begin. Having…more
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Prevention is the Answer to the Question of How Law Departments Can Do More With Less

According to a survey of corporate counsel at large U.S. corporations reported by Law.com, nearly 70% of law departments expect their annual operating budget to be flat or decrease in 2017. Let me say that again—nearly 70%…more
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I’m Not a Lawyer – I’m A Lifeguard (yes, this relates to prevention!)

I’ve played many roles in my life and like all of us, who I am today and how I think about and approach many topics reflects those experiences and life lessons. You’ve already read about the implications of my race driver role…more
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Moving at the Speed of Business

Business moves fast. Really fast. Does your law firm keep up? If you think you do, think again. Do you think in days when your clients are operating in hours? Weeks instead of days. It is a rare law firm designed to…more
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I’m Not a Lawyer-I’m a Race Car Driver – P3 Stage 3: Perfect

I’m still not a lawyer, I’m still a race car driver. So let’s continue with the build out of our P3 theme (Plan|Perform|Perfect) by examining the last element: Perfect. OK, the race is over, car and driver have returned…more
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