Power Has Changed - Big Law Players Kept Missing That One, But It Can Catch Up
Maybe Stanford Graduate School of Business professor Jeffrey Pfeffer nailed it. He has observed that lawyers tend to underestimate the role of power. He teaches a course at Stanford Law School on power.
Well, it's turning out that even lawyers such as the partners at prominent firms who have achieved power are underestimating the opposition's raw power. What they seemed to assume is that their money - and, oh, there's a lot of that - would override power. Bloomberg Law News mocks that belief:
"Lawyers at large firms anted up some $30
million for Harris’ failed presidential campaign last year. Over the
past few months, they helped build a $25 million pro-Cuomo PAC. Among Cuomo’s
supporters were Cahill’s
Floyd Abrams, Paul Weiss chair Brad Karp, and Jenner & Block partner Jeremy
Creelan."
Cuomo didn't do so hot.
The speculation is that those lawyers who bet so badly on money instead of other fundamentals of power will sit out the New York City mayor's election.
But what about the midterms?
Could they regroup about power and take advantage of what could be the beginning of the Trump administration's collapse. The administration's seeming "coverup" of the Epstein everything could be its Watergate.
As we know, it's not what happened, it's the coverup. Ranging from insider MAGA loyalists to grassroots supporters, there's outrage about promising access to the truth about Epstein and then delivering nada. Political watchers are predicting negative implications for the midterms.
So, maybe Abrams, Karp and Creelan should tap into Pfeffer's insights on power. In that way they may be able to reset their ability to size up shifts and then invest smart their funds and more in the midterms.
Here is how Pfeffer outlines his course in the law school in 2024. His signature book is "Power: What Some People Have It and Others Don't." Currently, the supposed movers and shakers at progressive law firms are out of power when it comes to politics.
Incidentally, gigantic law firm Kirkland & Ellis, which dominates categories of law firm practice such as bankruptcy, has hedged in how it connects with politicos. For instance, it has made it a policy to contribute major funds to both political parties. Check Open Secrets to track donations.
In my coaching I hammer: If it isn't producing results, try changing some of the variables - or maybe change everything.
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