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Historically, the focus on training law firm associates was centered around core skills thought to be necessary to successfully perform as an associate. Most early career training tends to be focused on refining such skills as writing ability, attention to detail, analytical ability, and verbal presentation skills. Given the radical transformation the practice of law has been going through, and the likelihood that the nature of the practice will continue to dramatically evolve, teaching old-line core skills is simply insufficient to give associates the tools they will need to succeed. Because most law schools give little to no training in any management skills, if law firms are to succeed in the new paradigm, careful consideration should be given to incorporating basic management skills training into each new lawyer's career planning process.
Developing successful lawyers for the future will require development of a new core of competencies. Here are four areas of management training that should be considered early in each new lawyers career.
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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.
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
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In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.