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Mentoring is a win-win-win situation. First, the prot'g' (called “mentee” in this article) wins by establishing relationships with more experienced attorneys. Regular mentoring leads the mentee to professional excellence and higher morale, which fuel higher job satisfaction and quality of work. The mentor wins by feeling a sense of pride when the mentee develops into a thriving, satisfied professional. A quality mentor also receives a good reputation among the attorneys in the firm, which can lead to other firm leadership roles. Ultimately, the firm wins when it is easier to recruit, develop and retain associates. An all-inclusive mentoring program increases work quality and productivity as well as creating a sense of community and an effective learning environment.
The purpose of a mentoring program is to ensure that new attorneys are provided an opportunity to build a trusting and meaningful relationship with a senior associate and/or partner who will guide, monitor and enhance their professional growth. While it is important to provide associates with every opportunity for such support, associates should likewise be encouraged and trained to take a proactive role in their own development.
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
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