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My daughter’s new venture

October 17, 2014

This fall our family celebrated a new arrival: the launch of our eldest daughter Taralyn’s e-boutique. Little Heirloom is an absolutely modern celebration of tradition and continuity. For our daughter tradition is important as are family treasures passed on through the generations. Little Heirloom is an e-boutique with a lovingly curated collection of children’s clothing for babies to age six. Taralyn has sought out unique treasures from a variety of independent designers from around the world. The result is a unique collection of children’s clothing that can be worn and loved and passed down to the next generation.

I am particularly fond of the Peeking Bambi Sweater (and just wish it came in size lage for adults!)

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“Perfectionism is just fear in really good shoes”

October 9, 2014

It is just past nine pm, and I never usually post to my blog in the evening, but I just stumbled on this great quote from Elizabeth Gilbert:

“Perfectionism is just fear in really good shoes.”

Here is a link to the her interview with Oprah where she talks about fear:

http://www.huffingtonpost.com/2014/10/02/elizabeth-gilbert-oprah-root-of-every-problem_n_5914412.html

 

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After Heenan, Big Law is Not Dead

April 5, 2014

For those of you who may have missed it, the Globe and Mail’s Report on Business Magazine, last week featured an excellent article on the state of legal business today.  You can read it here:  After Heenan Blaikie Is It All Over For Big Law?

The article provides extensive coverage of some of the new, and also not-so-new, developments in legal business models, and examines the troubles of big firms today.

One challenge I see is the big disconnect between big law firm expectations for associates, and what associates actually want from their careers.  Many associates no longer want to be partners in a big law firm.  And “big” can mean a lot of things – from a 20 lawyer regional firm – to a 100 plus national.

The comment I keep hearing is “I look at the partners at this firm, and I see no examples of the kind of career I want or life I want to lead.”

The junior and mid-level associates in big firms are working hard, polishing their skills, and dreaming of a move out.

Partnership in the big firm  just doesn’t have the appeal it used to, and many associates are not planning on buying-in.

Are big firms going away?  I don’t think so.  There is a particular type of client that prefers working with the big firm, and there are particular types of work such as large-scale resource development projects, and complex multi-jurisdictional transactions, that big firms excel at.

There are also those associates who will stick it out and remain at the big firms.  But these are becoming the exception, not the rule.

Are big firms going to change?  Absolutely!  Not as fast as some would like, but change is certain.  The upcoming generation of lawyers now sitting in the income partner and young equity partner ranks will be the ones driving it.  I know theses lawyers.  They are highly active parents, many of them place a high value on dedicating time to community organizations.  Money is not what motivates them.  They like the security it provides, and what it brings to their families, but never got hooked on the high earnings that lawyers senior to them earned in those high-billing pre-2008 days.

Change is coming.

 

 

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