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ABA Section of Business Law


 

Volume 14, Number 6 July/August 2005

Meeting Morsels
    by Ray DeLong
 

  About business law and business lawyers

If you could push your way past the real and imaginary guitars, you would have found yourself in the heart of "country," Nashville. That's where the Section of Business Law got together for its Spring Meeting right around April Fool's Day. No, that's not a statement about value, just about the calendar.

There was real, lawyerly value during those days in Tennessee. Almost 1,700 business lawyers found it hard to leave the building with all that CLE, assorted practice tips and networking opps floating around.

So let's let the good times roll, or at least the solid advice and commentary — one note at a time:

"Lawyers are sales people, but we were not told that in law school." A member of the audience at "Collateral careers that collide into greatness: The business lawyer as an entrepreneur."

"Work real hard to get client contact. You have to make yourself more valuable than a gnome who just completes an assignment." Larry Papel, Nashville, Tenn., at the program: "Meet the managing partner, the hiring partner and the general counsel."

"The major law firms are still the main training ground for new lawyers. From an in-house perspective, I haven't hired anyone just out of law school." Karl Ege, Tacoma, Wash., at the program: "Meet the managing partner, the hiring partner and the general counsel."

So how do in-house counsel spend a lot of their time these days? Employee strife. "What is it about the workplace that makes you want to offend your co- worker?" Richard Jones, Atlanta, at the program: "Hottest topics facing corporate counsel today."

"I don't know of a single corporation today that uses just one (outside) law firm to do all of its work." Karl Ege.

"When you don't have lawyers involved, you tend to have looser record keeping." John Grossbauer, Wilmington, Del., at "So your CEO wants a raise — developing standards for setting executive compensation."

"Board members' memories tend to be pretty short because this isn't a full-time job. The worst thing that can happen is that something comes out in the newspapers before the compensation committee knows about it." Donald Delves, Chicago, at the program, "So your CEO wants a raise — developing standards for setting executive compensation."

"You should worry about courts second- guessing you" and you should keep records with that in mind. Myron Steele, chief justice of the Delaware Supreme Court, at "So your CEO wants a raise — developing standards for setting executive compensation."

"I revel using my old law firm as my lawyers. I don't want to do what they do, but I need them to help me" with my new business. John Bailey, Nashville, Tenn., at "Collateral careers that collide into greatness: The business lawyer as an entrepreneur."

"Law rewards contentiousness at some level and I'm not a contentious person" — thus my new career. Andrew Branham, Memphis, Tenn., at "Collateral careers that collide into greatness: The business lawyer as an entrepreneur."

"One of the poorest things that law schools do for us is helping us understand that a law degree can be used for lots of different things." John Bailey, Nashville, Tenn., at "Collateral careers that collide into greatness: The business lawyer as an entrepreneur."

"When you see something, like a new career, that's going to be exciting and maybe a little fun, go with it." Annie Clement, Dania Beach, Fla., at "Collateral careers that collide into greatness: The business lawyer as an entrepreneur."

No foolin': words you might live by. Thank you. Thank you very much.


DeLong is editor of Business Law Today.

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