Posts

The Virtual Law Firm - Lawyers Boost PPP, But Trade Off Prestige (and more?)

  Does being a lawyer respected by Am Law 100 lawyers entail working in-person in a trophy building in a major metro area? Maybe that is still the way things are in the highly traditional profession of practicing law. However, as Roy Strom reports in  Bloomberg Law , more than 1,000 seasoned lawyers don't care. They opted, some even before COVID, to operate totally remotely or what’s being called “office-lite.” Currently there are about 10 virtual firms. They include: Practus Rimon FisherBroyles Taylor English Husch Blackwell Potomac Law Culhane Meadows VLP Scale  Sterlington  What motivated that partner flight to remote was primarily to eliminate the expense, time commuting, and interactional stress of operating in a brick-and-mortar office setting.  Yes, there has been, as least for now, a tradeoff in prestige. Prestige is the core of Big Law branding. It goes into how the individual partners establish their presence in the legal comm...

Celebrate Halloween with a Tarot Reading - Sliding Scale Fees

Tarot Readings, one-card pulls (with second-card confirmation) and three-card spreads. The Halloween special is sliding-scale pricing. Pay what you can. Also, I can serve your guests at your Halloween special events via Zoom. This kicks in today. For appointment please contact janegenova374@gmail.com.  For entertainmnent purposes only.  

Talent Glut Swelling, From Microsoft to CNN: You Can't Dodge that Bullet

  The media is putting it this way: "Macroeconomic forces" - that's what’s doing in Microsoft's financial performance. That and more are being applied to CNN. Both are in the midst of layoffs. The Reduction-in-Force will likely continue through 2023 and maybe beyond. Talent - Smirk That means the glut of talent keeps ballooning. During the pandemic the concept of "talent" had been buzzy. Sectors, be they tech or professional services such as finance and law, kept chasing it. And, at the time, that began transforming the management-labor social contract. Power was shifting to the latter. More recently, professional anonymous networks chronicle how employers again have the upper hand. If you are part of the glut, you have to rethink how you go about earning a good living. Meanwhile your industry is showing you no mercy. Where All This Could Be The major issue to ponder is if the surplus of your talent is temporary or permanent.  If it's simply ...

Professional Anonymous Networks Reddit, Fishbowl, and More - Likely, the Posters Didn't Work Part-Time Jobs in High School?

  Some experience those professional anonymous networks such as Reddit and Fishbowl (much like Alcoholics Anonymous) as therapy.  No wonder. They get to bear witness to so much pain. And that is exactly what could be wrong with those professional platforms as well as with AA (about the latter, read  The Atlantic 2015 article  detailing AA's supposed gigantic flaws).   For example on Reddit Jobs the postings tend to be about employees and contract workers being "squeezed" by businesses.  On Fishbowl Consulting, despite the relatively high compensation, most of those brandname consulting firms are positioned and packaged as ruthlessly exploitative of those talented analysts.  And on Reddit Big Law the memes are about higher-ups who are dead ringers for evil characters from the novels of Charles Dickens. For the holidays Reddit Big Law should script a version of “The Christmas Carol.” Yes, there can be redemption for partners. Such darkness. The ...

The Cool of Being an Influencer Isn't So Cool in Some Sectors

" Partners - what do you think of associates with very outspoken social media pages (like Twitter) and tweeting under their full name?" Posted on Fishbowl Big Law. Here is the thread. Most of the replies to that posting in the large law-firm sector are thumbs-down.  There are even two mentions of influencers during law school days who kept it up after they got a "grown-up" job. Within a year they had lost that good job in Big Law. There may or may not be any correlation with the social postings and getting the boot. The reason for the termination could be simply unsatisfactory performance practicing law that hadn't been related to a social identity. I would add that being a brandname influencer can upstage senior associates, partners, and chairpersons. That's likely not smart at a Cravath, Paul Weiss, Latham, and Wilmer Hale. Those organizations orbit in the prestige force field. No junior lawyer should come up against that kind of wattage.  Overall, in many...

Suicide at 200 Central Park South, Manhattan - Nothing Special to Reflect On

"Man plunges to his death from high-end NYC building overlooking Central Park"   The New York Post, October 25, 2022. It would be easy for those who didn't get where they wanted to be in life to jaw-jaw about how money can't bring happiness. That grim satisfaction in another human being's distress, though, does not mesh with reality.  According to the CDC , suicide is an equal-opportunity solution to life's challenges or for being saddled with frayed internal wiring. Actually, those in manual occupations such as construction have a higher rate than those in power career slots. Annually more than 12 million contempate suicide, more than 3 million have created plans how to accomplish the act, and more than 2 million have actually made an attempt. Almost 46,000 succeed each year. In my coaching, what triggers suicidal ideation is most often involved with matters of the heart, not issues of wealth, status, or influence. Although this is Careerist America personal...

Rethinking Glam, Influence, and Power Career Paths - Didn't Mom Warn You (as she did us boomers who played it safe and control the money)

  Oh, to be not only part of the buzz but making the buzz. Those Media Jobs, Also in Tech and on Wall Street Those are the media jobs. And as  Axion  documents job security in those career paths is increasingly wobbly. Challenger, Gray & Christmas reports that so far this year there have been 3,000 layoffs. Many more are expected. Things look lousy way into 2023. After that, the sector might be permanently downsized. Those forced out probably will have to reinvent themselves. We career coaches know that is not easy and there are no guarantees that it will pan out. The same darkness is falling on other lines of work which also are positioned for their glam, influence, and power. Those range from being a brandname in tech to a hedge fund player on Wall Street.  Our Boomer Moms Even back in the economic miracle following World War II Mom warned us boomers to play it safe when choosing how to earn a living. After all she had struggled through The Gr...