» Entries tagged with "hourly"
Time = Money
I’ve noticed an interesting phenomenon among many lawyers who’ve recently gone out on their own. I suspect it’s a result of the lawyers viewing solo practice as a way to avoid working long hours. These lawyers, never the most financially successful ones, love to complain whenever they’re stuck working more than a few hours a day. They never make the obvious connection between their lack of motivation and their lack of disposable income. I imagine the root of the problem is the way most solos bill. If you don’t keep track of your time, flat fees feel a lot like found money. Someone comes in and pays you, but you haven’t done anything yet. All of a sudden you’re richer, and all you had to … Read entire article »
Filed under: Marketing, Solo Practice
Bonuses!
I know why people hate lawyers. In fact, I’ve been watching a bunch of lawyers stage an elaborate and twisted public allegory in which they bitch about huge Biglaw bonuses as if the people receiving the bonuses somehow deserve bonuses at all and act like getting months or even years of pay for the average American is somehow an insult. Wait…what? It isn’t satire? People hate lawyers because they think lawyers are greedy. They think we’re all a bunch of privileged little brats who’ve lived our entire lives in a world of endless opportunity. They think we went to private schools and had tutors. They think we entered a mysterious old money system at an early age and got fed straight from prep school into … Read entire article »
Filed under: lawyers
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