Archive for November, 2008

Thank you Hewlett Packard

Hewlett Packard is a family friend in these parts. I have a picture of my mom and dad sitting between the two founders back in the 50′s.
So, news of their unexpected positive earnings report yesterday was received with a bit of smugness here. The stock market rallied, the commentators were suddenly projecting that the tech sector may be a primary player in pulling us out of a recession.
Does Wall Street and the national media really “get” the mood and business culture in Silicon Valley? Often, what is happening in D.C. and N.Y. feels very far away. The pioneer spirit is alive and well here. This translates into stubbornness and determination to survive no matter what challenges appear before you. Bring ‘em on. It also translates into creativity, “nimbleness” and an ability to respond quickly to new conditions.
The legal market in the Bay Area is in the middle of rapidly redefining itself in a fundamental way. Probably for the better. In the last week requests for skilled attorneys are on the upswing here. We are getting a sense of the new playing field. Local offices are starting to write modified strategic plans in ink and calling recruiters to staff up.
Don’t let yourself get entirely bogged down by the national news. Keep an eye on the Bay Area. We are always full of surprises.

The State of the Economy

The ABA is surveying the legal community about the state of the legal profession and the state of hiring. They have asked us to help publicize the survey. Results will appear in the January issue of the ABA Journal. Click here to participate.

Who Wants Partnership Anyway?

A law firm strategy consultant at Altman Weil talks about a new generation of lawyers who are largely uninterested in partnership. At the same time that equity partnership has become less attainable at many firms, it is also considered undesirable by many associates. And attaining the brass ring is no longer a guarantee that you getto keep it. Partners need to continue to contribute to their firm’s bottom line if they want to remain in the partnership.

Ironically, though, it is partners with portable billings who have the greatest amount of mobility. This is particularly true in our current economy where demand for lateral associates is very low at the moment. (See Lateral Market is Officially Flooded).

But things can change quickly. My own personal prediction is that the second half of 2009 will be booming with litigation and demand for litigation associates.

Notworkenoughtofillthedaylius

I remember the devastating day it happened: I had reached the end of the internet. You are probably getting the wrong impression of me. I am not a huge fan of the internet, and, under normal circumstances, I don’t spend much time on it. But a few months ago, I was an addict. To make matters worse, my condition was highly contagious. The other associates that workedin my section at my old firm suffered from it as well.

What, you ask, was the cause of this widespread plague, and how can I keep it from infecting me and my co-workers? I’m sad to report that there is no known cure at this time, but it is at least helpful to know the cause. The medical name is notworkenoughtofillthedaylius. It’s street name is “bored out of my mind.”

So, how did it begin to spread at my firm? It started with the departure of several of the partners in my section. Not all the partners, mind you, just the ones with business. What followed was several months of reassurances from management that, despite the fact that we were all sitting around twiddling our respective thumbs, our jobs were secure. They informed us that they were working to fix the problem. So, my fellow associates and I waited. And waited. And waited.In our offices. In front of the computer. With nothing to do. Computer screen beckoning. We seemed to collectively figure out that although we had no memos to revise, our Facebook pages needed some fixing. And our Linkedin pages. And our…I’m sure you understand the genesis of our disease by now. Sadly, given the lack of work and number of layoffs proliferating, you are not immune.

“Bored out of my mind” syndrome has other known symptoms besides excessive internet use. For instance, you may experience lack of interestin making nicey-nicey with partners, frequent two-hour lunches, or inability to make it to the office before 10 am. Additional symptoms include frequent coffee breaks, “working from home” approximately once a week, and excessive happy houring at approximately 4 pm.

Those infected with the disease often mistake it in the early stages for elation. They erroneously think, “This sure the heck beats 60-hour weeks in the salt mines!” However, as the weeks draw on, then the months, they see the truth. Seven-day work weeks start to seem like heaven on earth.

The truth is, the disease bears many similarities to depression. Let’s face it–going to work and having nothing to do for endless hours is no fun, and anyone who has beenin that position would agree that it’s much worse than being superbusy. What’s worse, having nothing to do allows the mind to go wild. Suddenly, all you can think about is how long the firm will continue to sign your paycheck. You are terrified that the ax is going to fall, and you have no work activities to divert your mind from that sense of doom.

Having experienced this condition myself, I sadly don’t have much advice as to how to deal with a slow legal market. I think what got me through the situation was simply knowing that I wasn’t alone. Everyone I worked around was experiencing the slow down as well, and, as the saying goes, misery loves company, right? More importantly, even at the darkest hour, I think I fundamentally knew that I would find my way out of it. And, although it took longer than I would have wished, I did. You will, too. I’m not saying that you can avoid a layoff through sheer force of will. I wish you could, but you can’t. I am certain, however, that whether you are laid off or stuckin your office worrying that you will be, the market will turn around and you will find work. That’s really all I have for you, so now you can get back to the internet.

Forgotten Resources in Lean Times–Professional Organisations

How many of us become stuck in the same old patterns at work and at home? And we forget about some very helpful resources that might be extremely valuable in challenging times.
The ABA website just did that for me. I was thinking about how to get energized and stay optimistic in this challenging market, how to connect with new people, how to get my CLE under control without spending a fortune, and how to approach holiday spending and traveling with a budget in mind. Something reminded me to look at the ABA website.
The ideas and resources available on that website continue to expand in breadth and depth. The member benefits are significant in these lean times.
I routinely suggest to my candidates that they get involved in their professional associations again. Find the one that fits your interests, your viewpoint, and your region. I was reminded today, this advice is good and I should listen to my own words.

Onward and upwards with renewed energy, optimism and resources. Don’t forget what’s out there to help you stay connected!

Guilt Free Zone for Working Moms

A couple of weeks ago, I was in my home office, on a call, late in the evening. In the background, I could hear my daughter protesting bedtime, insisting that only Mommy can sing her good night song. She eventually went along to bed but, the minute she heard the door to my office open, she called out–”Mommy, can you come sing to me?” Of course, I did.

Since then, I’ve been thinking about the guilt that all working moms must deal with on a regular basis. I almost let myself feel down in the dumps about it but I quickly rebounded as I started to think about the benefits to being a working mom.

First, there are the “selfish” advantages. Having a career gives me something that is all mine–something to which I can devote myself for no reason other than the fact that it brings me satisfaction (when almost everything else I do on a daily basis is for someone else’s benefit). In addition, I take great pride in contributing to our family income. There are many things that are made possible by my income and 99% of them are for the benefit of my kids.

Second, there are the benefits to the most important people in my life–my kids. I have the privilege of knowing that in me, they have a role model. As they grow and start to make their own touch choices in life, they will see that it is possible to achieve all of their goals–whatever they may be. Finally, because my husband and I both work, EVERYTHING in our home is the result of a team effort and our kids know that we are both able to meet their needs. (Even though only I have the power to sing them to sleep!)

There are many challenges that come with being a working mom and the accompanying guilt can be overwhelming. But, there is so much to be admired about women who choose to have a family and a career. Thus, anytime the guilt starts to creep in, it’s imperative that we take a minute to reflect on the benefits to all involved and to feel pride in the great sacrifice that we make for our families.

Hold Your Head Up

Today is the first day of a new era for the entire country. At last at least one uncertain question has been answered.

We now know who will lead us into the future.

Much remains that is unclear and there is work to be done.

But regardless of who you voted for there is a reason to be proud today of your candidate.

Together we have entered into a new journey frought with mystery, possiblity, fear and the chance to tell our Grandchildren that we were a part of a major turning point in the history of our country.

Let’s hope we all rise to the occasion and show the dignity that was apparent in both Senator McCain and Senator Obama last night. Hold your head up and roll up your sleeves and let’s turn the page on a new chapter in the life our country.

Interview tip of the day: Leave yourself a little wiggle room.

I once worked with a candidate who received four offers, all from outstanding firms. The one firm where he wanted an offer though, decided to pass. In retrospect, I believe this fifth firm passed on this candidate because during the interview- he volunteered that he was very passionate about corporate finance law and that he wanted to get more exposure to it. Unfortunately, this particular firm did not have a corporate finance practice in the office he was interviewing with. Thus, this mistake likely cost him the potential offer there.

The unfortunate thing about this situation is that this candidate would have been open to doing general corporate work as well. Therefore, unless you are completely set on only doing a particular area of law that is more specialized- keep your options open by being flexible (when asked what practice areas you are interested in). Leaving yourself some wiggle room in this regard will hopefully result in additional employment offers, where you are the one making the final decision regarding your candidacy with a firm.

You landed an interview! Now breathe…

The market is tight and you’ve been looking for quite some time. Then, suddenly, you get the call from your trusted recruiter–an interview! Now, stop, take a deep breath and relax.

I was recently asked whether it is possible to show too much enthusiasm at a job interview. The answer is yes and unfortunately, the line is a very fine one. Why? Because showing proper enthusiasm for the position is absolutely essential. Afterall, who would want to hire someone who appears disinterested? At the same time, being over-eager never plays well either. It’s like dating–you want to appear interested, but never desperate (even if you are).

A few pointers for the over-eager: (1) Don’t make any comments about how relieved you were to get the interview or how long you have been looking for a new position; (2) Remember that one good way to express enthusiasm is to ask substantive questions about the firm and the position for which you are interviewing; and (3) Resist the urge to send daily e-mails checking in on your status after the interview. A simple thank you note is fine but think about the person who calls you numerous times a day following a first date–kind of scary. Don’t be that person!

It can be extremely difficult to remain calm when opportunities are scarce and the need to be employed is all too real. But even in scary times, it is necessary to remain confident, calm, and collective. And, when you do find yourself tempted to stalk the partner who interviewed you, try calling a friend or anyone else who will listen to you vent but won’t decide to “pass”!

The Layoff List


American Lawyer and Incisive Media have compiled a list of AmLaw 200 firms that have had “employment shifts” in 2008. Click here for the list.

It will turn around. I hope that you are doing your best to weather the storm.