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The Definition of Insanity: 'Doing the same things over and over again and expecting different results.'
It is amazing to us how often we meet attorneys who have the self-limiting belief that they will never be successful rainmakers. We constantly hear things like, 'I didn't go to law school to sell something,' or 'the people I know who develop business can do so only because it comes naturally to them.' These are excuses that may make us feel better when we say them, but they will not ever help us move out of our comfort zones to become well-rounded professionals. As most of you already know, attorneys who can combine being a great practitioner with the ability to develop new clients are the most valuable commodities to their firms. As the economy becomes tighter, it becomes imperative that everyone in the firm become responsible for developing business. If you are a solo practitioner or work in a small firm, you already know the importance of developing business. If you work for a larger firm, the question to ask yourself is this: Who brings more value to the firm, the attorney who doesn't want to build a book of business, or the professional who can develop business as well as practice law?
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The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
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