In 2008, before the thousands of great lawyer layoffs that would take place in 2009, I put this online e-book “From Biglaw to Yourlaw” together and asked great lawyers to consider at least a moment about the possibility of making law Festivals. Good or bad, the book has done remarkably well over time, as the biglaw hasn’t changed much from practices twelve years ago.
But some things have changed. The pandemic resurrected memories of 2009, but it also gives lawyers time to pause and really think about whether the job they’re doing – especially when they’re paid 20 percent less – is really what they want in the long run. The world has changed too: in 2008 the iPhone was still a relatively new device, two legal cloud practice management companies, RocketMatter and Clio, were still in their infancy, were barely ready for prime time, and Facebook was still a meeting place for young people , Instagram was invented. Outsourcing companies like LawClerk.legal and HireanEsquire did not exist. Not only have these tools further reduced the time and cost of setting up a law firm, but they have created a thriving digital economy with new businesses that also need lawyers.
The point is, today it’s easier than ever for a lawyer at biglaw to start a law firm today. Additionally, there are far more opportunities for Biglaw attorneys to abandon a portion of an existing practice area like privacy law, cannabis law, blockchain, bankruptcy, or appeal – and resize for smaller clients who deal with those 41 areas of practice that don’t to have. t existed 15 years ago. It used to be much more difficult. Of course, biglaw attorneys don’t have to follow this path. You can also start businesses to represent consumers on issues like family law, criminal defense, estate planning, special education, or personal injury.
Towards the end of the year, I’d like to invite you to join a Facetime Live scheduled for Thursday, December 11th, from From Biglaw to YourLaw: Why Lawyers Need to Stop Getting Loans and Owning Their Talent. Here is a link to the event and a further description. If you have any specific topics I would like me to address, post them in the comments or email me at [email protected] Hope to see you there!