Kentucky Bankruptcy Law

Counsel with Care

Sorry for the absence

I was tied up in a hearing regarding a rather intense custody battle last week. I’ve been digging my desk out from under paperwork these past days. I hope to have some new posts soon.

February 13, 2007 Posted by | Family Law, Solo & Small Firm | Leave a comment

Less is more

This post by The Greatest American Lawyer describes very well why I like being at a small firm.

    Having seen both sides of the practice, I have to say that one of the most fundamental flaws of hourly billing firms is the propensity to attempt to service more clients than is reasonably possible. Their drive to ensure that every hour of everyday is billable creates a mandate that everyone needs to be “choking on the fire hose.” When firm business is down lawyers don’t know what do. Many just kick back and relax, try not to say anything that would trigger the next avalanche of workload. Others go out and try to drive new business.
    This moment of relaxation where you are not under any stress to have something out by noon is the time during which a lawyer can really be a lawyer. Firms need to be encouraging those necessary gaps in workload where goals can be defined and strategies can be set and executed.

Click here for the full post.

February 3, 2007 Posted by | Life & Law, Solo & Small Firm | Leave a comment

Justice may be blind – but she’s loaded!

The web is alive with news that at least one New York law firm has bumped up the starting salary of their new associations to $160,000.00. See Above the Law for a start. Here is Lexington, Kentucky Stoll Keenon Ogden started their 2006 graduates out around $84k and some change. Stites and Greenebaum are in that range more or less. Then, one drops down to mid-size firms who paid their 2006 graduates about $45k. Lousville firms are paying roughly the same – maybe a couple k more. I checked a cost of living calculator and found that $85k here in Lexington equaled $183k in Manhattan. So, Lexington lawyers in big firms make more that New York lawyers in terms of buying power.

Now, for those of you going to a big law firm, I hope you realize that most of your work will actually be done by one of those brand new lawyers who are just as inexperienced as every other brand new lawyer. While they were the top of their class (or a relative of a partner), the difference in brain power between the tip-top and the rest of the class measured in decimal places.

January 25, 2007 Posted by | Solo & Small Firm | 1 Comment

It’s what your life built – you want an attorney that cares

Estate Planning sections at large firms are not known for their profitability and so they are not the highest priority. Perhaps that is why one large Chicago firm is dropping their estate planning division. No matter how big or large my estate, I want to meet with and become acquainted with the attorney who will actually be handling it and get a feel for whether they genuinely care about my stuff. That is what you get when you go to a small or solo firm. The matter will not be passed off to a junior associate tucked away somewhere in the labyrinth. My recommendation – even if you decide to go with a larger firm, insist on meeting with the attorney who will do the actual work.

January 21, 2007 Posted by | Estate Planning, Solo & Small Firm | 1 Comment