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What Does It Take to Be the First Top Lawyer for a New Company?

Jessica Nguyen, an in-house leader and former Microsoft Corp. lawyer, is building a career by helping technology startups develop their legal departments. After serving as the first-ever top lawyer for software company Avalara Inc. and compensation data firm PayScale Inc., Nguyen joins Seattle-based Lexion as CLO of the AI-powered contract management startup. 

In her latest role, she will not only be practicing traditional in-house attorney or general counsel functions. Instead, Nguyen will be using her legal department experience to help shape and guide the company‘s product development in an increasingly competitive field. 

In companies across the world, AI-based contract management has intrigued a growing number of in-house lawyers, even though many legal departments have been slow to embrace such technology. 

Are you interested in learning more about how this lawyer is making her mark in the in-house/general counsel sector and became the first top lawyer of her company? Be sure to check out this Law.com article. 

Author:
Victoria Ostrander
Assistant Editor
The American Lawyer | National Law Journal | Corporate Counsel
Email: [email protected]
ALM Media Properties LLC

New Year Hiring Spike Remains High: February 2020 In-House Moves

The law firm hiring spike continues! The month of February saw a major increase in hiring new top lawyers in all different industries. From health care giants Centene Corp. and WellCare Health Plans Inc., to major retailer Pier 1 Imports Inc. and entertainment corporation Six Flags, many areas of industry made big changes in the wake of the New Year. 

Some general counsel who vacated their positions took different routes rather than retiring. The National Security Agency’s general counsel went to a D.C. think tank, and the former general counsel of Godiva Chocolatier and Ralph Lauren headed to a legal recruiting firm in New York. 

Industries that saw top lawyer changes this past month include automotive, aviation, energy, entertainment, finance, food, health, insurance, manufacturing, technology and transportation. 

Are you interested in learning more about who made major moves in the general counsel circuit? Be sure to check out this law.com article. 

Author:
Victoria Ostrander
Assistant Editor
The American Lawyer | National Law Journal | Corporate Counsel
Email: [email protected]
ALM Media Properties LLC

Confessions of a Legal Recruiter: New Trends Create New Demands For Legal Services

One thing for sure is that the demand for legal services will continue to grow. Several new trends in the legal industry have emerged. Are you ready for these changes?

A number of important changes are occurring in the legal marketplace today. Those who can adapt and capitalize on these opportunities will continue to profit into the new decade. How will these trends impact the way you practice law?

Mergers and Acquisitions

Business law remains driven by many factors. One such factor companies are engaged in is mergers and acquisitions. This area of law will continue to experience continued growth for the foreseeable future.

Social Networking

Social networking is shaping how law firms recruit attorneys as well as support their cases and interact with clients. Social channels such as LinkedIn, Facebook, Twitter, and YouTube are helping lawyers: brand, advertise, and further career goals.

Gone are the days of attending endless events every week. Now let’s be clear, nothing beats nor will ever replace face-to-face networking. Social media extends your message to your prime prospects, amplifies what the firm specializes in, making the process of business development more efficient and effective. Learn how to leverage social media.

Bitcoin

No one knows for sure if the recent wave of initial coin offerings (ICOs) of Bitcoin cryptocurrency is just a flash in the pan or the new way forward. But what we do know is that the Security Exchange Commission (SEC) is an increasing number of cryptocurrency-related securities lawsuits are being filed.

Cybersecurity: Compliance, Privacy and Security

As data breaches continue to proliferate, state legislatures across the country have strengthened their existing privacy statutes with an increased focus on consumer protection.

Breaches are the new normal, consequently there will be more data breach class action lawsuits. This will also result in legal counsel to best advise clients in this area of compliance, privacy and data security.

Cannabis: New Rules, Risks and Opportunities

The state-by-state legalization of marijuana for medical and recreational use has created a complicated legal landscape. And with it, new demands for legal counsel to advise cannabis clients and ancillary businesses that are impacted by the cannabis industry.

Changing state laws, risks and uncertainty regarding cannabis will continue. The long-term need for expert legal counsel is certain.

Trusts & Estates: New Rules Affecting Health Care

New Medicare rules will impact preventative care. As a result, some families will drop insurance making healthcare more expensive for everyone. The cost of healthcare shapes how families plan trusts and estates. This further complicates and creates the need for expert legal counsel to best plan for the future.

How will these new areas of law affect your practice? Where do you see opportunity? What are your concerns?

About On Balance Search

On Balance offers great insight and industry intelligence. Shari Davidson, president of On Balance Search Consultants, advises experienced attorneys at every stage of their career to take them to the next level. From making the lateral partner move to succession planning.
Shari takes a proactive approach to advising law firms on how to take a firm to the next level and helps rising talent make the transition to the right law firm. On Balance Search identifies opportunities that exist today, not down the road.

Contact us today. Call 516.731.4300 or visit our website at https://www.onbalancesearch.com

Please note that the content of this blog does not constitute legal advice and is only in-tended for the educational purpose of the reader. Please consult your legal counsel for specifics regarding your specific circumstances and the laws in your states pertaining to social media and any legal restrictions regarding the law.

7 Reasons Law Firms Fail at Lateral Hiring

During a recent meeting between large law firm leaders, a question was posed: “What percentage of your lateral partner hires are successful or achieve their performance commitments within two years of being hired?” The consensus? Less than 20%.

Then, they posed a follow-up question to make sure answers weren’t skewed by the time frame: “Of all the laterals you have hired, how many take more than two years to achieve their expected commitments?” The collective answer? Fewer than one in 20 take more than two years. 

From these results, the extension of time doesn’t appear to improve one’s success rate. The results weren’t particularly surprising, but they beg the question: why do they struggle with lateral hiring? And perhaps more importantly, what can they do to improve their results? 

Interested in learning more about the challenges—and solutions—to lateral hiring in Big Law? Find the seven most common problems in lateral partner hiring and how law firms can solve them in this law.com article. 

Author:
Victoria Ostrander
Assistant Editor
The American Lawyer | National Law Journal | Corporate Counsel
Email: [email protected]
ALM Media Properties LLC

How to ‘Optimize’ Your Legal Career—So You Can Eventually Change It

So you’ve come to the realization that you don’t want to be a lawyer and want to take the road less traveled? You are not alone. Many lawyers have gone through schooling, landed a law firm job and realized they don’t enjoy the work.

At a LegalWeek 2020 panel titled, “The Path Less Followed: The Rise in Nontraditional Career,” Above the Law founder David Lat says there is good news for you: you don’t have to stay a traditional lawyer. The bad news, however, is that the only way out is through.

In order to take the nontraditional road, you must first go through the traditional path to gain the skills and knowledge needed to branch out into something different. Whether that path leads you to become a legal blogger or a legal recruiter, taking the traditional path first will help set you up for success in your new position, allowing you to respond to lawyers on their level.

Interested in learning more about the nontrational lawyer path and how to get yourself into that type of role? Learn more in this law.com article.

Author:
Victoria Ostrander
Assistant Editor
The American Lawyer | National Law Journal | Corporate Counsel
Email: [email protected]
ALM Media Properties LLC

Half of Legal Departments Do Not Have Anyone Dedicated to Legal Operations

In this day and age, many people have this idea that legal departments are used as cost centers and that they lack education on the benefits of legal operations. This is part of the reason why less than half of legal departments do not have a dedicated legal operations professional on staff.

In the Association of Corporate Counsel’s 2020 Chief Legal Officers Survey, it is noted that 46% of top company lawyers indicated they do not have legal operations professionals at all, with another 24% having only one.

In an interview, Catherine Moynihan, executive director of the Association of Corporate Counsel’s legal operations arm, noted, “[a] legal department is generally considered a cost center even though, like many overhead functions, it plays a vital role in the business. All companies these days are fixated on keeping a lid on the head count. Companies generally prioritize investing in revenue-generating functions.”

Are you interested in learning more about how legal departments are functioning in companies? Learn more in this law.com article.

Author:
Victoria Ostrander
Assistant Editor
The American Lawyer | National Law Journal | Corporate Counsel
Email: [email protected]
ALM Media Properties LLC

Diversity, Succession Planning Played a Role in 2019 Fortune 500 GC Hiring

For the past two years, Fortune 500 companies have been focusing on succession planning. According to research from the in-house search firm BarkerGilmore, Fortune 500 companies placed a greater focus on succession planning in 2019 for general counsel and are likely to continue that trend into 2020.

BarkerGilmore co-founder and managing partner John Gilmore sat down for a Q&A with Corporate Counsel to discuss the firm’s findings within Fortune 500 companies and what GC hopefuls should do in order to get hired. They discuss research of women GC hiring, gaining a top attorney from the outside vs. inhouse and more.

Are you interested in learning more about Fortune 500 company planning for GC new hires? Be sure to read this law.com article.  

Author:
Victoria Ostrander
Assistant Editor
The American Lawyer | National Law Journal | Corporate Counsel
Email: [email protected]
ALM Media Properties LLC

Confessions of a Legal Recruiter: Disillusioned, Disgruntled, Discontent?

Didn’t get the bonus you were hoping for? Reached a dead end. Unhappy with your overall compensation, workload, colleagues? Time to take a deep breath and thoughtfully consider your career options.

“Let’s be very clear, this is a business decision. Don’t let emotions rule your decision to move on. Going nowhere, then it’s time to go,” –Shari Davidson, President On Balance Search Consultants.

Stagnated, feeling stuck? Frustrated? Want to throw in the towel? Have the firm’s revenues stalled? Is there infighting in the firm? A toxic working environment? Has the firm has gotten too big—not big enough?

Leaving is a big decision, don’t jump before you ask yourself:

-Can this relationship be saved?
-Is there opportunity for advancement that you have overlooked?
-Are you ‘all in’? Are you giving this job your best efforts?
-Do you want your boss’ job?
-What would it take for you to stay at the firm?
-Are there other areas of your life that may be the real problem? Are you eating right, exercising, and getting enough sleep?

No? Then it’s time to move on.

-You need to be the master of your destiny. Take control of the situation immediately.
-Write down why you want to leave the firm and all the things that are important to you. List your reasons: compensation, politics, relationships, issues with partners, and then ask yourself if you can right this ship.
-Don’t’ lose your edge, don’t let this crisis distract you from giving your clients your best work. Keep all your relationships intact.
-Get involved with a networking group and explore new opportunities in the marketplace.

Whether you stay or go, you need to be decisive and take action. What are your goals? Talk to a legal recruiter. Headhunters know the right people. They intimately know the law firms’ culture, leadership style and working environment.

Communication and follow through is key. Keep in touch with a recruiter who can evaluate your plans and strategies. Don’t waste anyone’s time. Be upfront about your situation. Know what you want and be available to discuss opportunities.

Again, before you do anything, re-read your contract and review all the provisions pertaining to ending your commitments, including:

-Non-Compete Agreements
-Notice Requirements
-Benefits

Stepping out of your comfort zone and diving in the market may take time, most of the time it’s grueling. That said, with proper preparation and planning it will pay dividends, and improve your health and happiness in the long run.

About On Balance Search
On Balance offers great insight and industry intelligence. Shari Davidson, president of On Balance Search Consultants, advises experienced attorneys at every stage of their career to take them to the next level. From making the lateral partner move to succession planning.

Shari takes a proactive approach to advising law firms on how to take a firm to the next level and helps rising talent make the transition to the right law firm. On Balance Search identifies opportunities that exist today, not down the road.

Contact us today. Call 516.731.4300 or visit our website at https://www.onbalancesearch.com

Please note that the content of this blog does not constitute legal advice and is only intended for the educational purpose of the reader. Please consult your legal counsel for specifics regarding your specific circumstances and the laws in your states pertaining to social media and any legal restrictions regarding the law.

Shari Davidson, CPC | President
On Balance Search Consultants LLC
[email protected]
Direct: 516.731.3400

‘Revolutionary Changes’ Coming to Legal Industry, Report Finds

Big changes are being made in the legal industry. According to a new study on the state of the industry as firms head into 2020, changes to the legal market over the past year carry significant risks for law firms that fail to adapt. These economic indicators are strong, but these emerging models could threaten firms.

In the dozen years since the Great Recession, a report said, clients have taken “decisive” control of the legal market: Instead of deferring to outside law firms, they’re now recruiting more competitively for outside counsel and requiring law firms to operate more cost effectively and accountability, with stricter budgeting and billing.

Researchers have also noted that clients are handling more work in-house and demonstrating “increased reliance on legal operations professionals to manage outside counsel relations,” while creating “virtual teams” of attorneys from multiple firms to handle particular projects.

Due to these alterations, law firms have begun to outsource more work.

Are you interested in learning more about how the legal industry will continue to change and what that means for client-lawyer relationships? Read more in this law.com article. 

Author:
Victoria Ostrander
Assistant Editor
The American Lawyer | National Law Journal | Corporate Counsel
Email: [email protected]
ALM Media Properties LLC

20 Quick Job Search Tips for 2020

As we enter the new year, many people reading this will contemplate a job search.  The below 20 job search tips were prepared by Dan Binstock, a partner at the attorney search firm Garrison & Sisson and also President of the National Association of Legal Search Consultants (NALSC).  

1. Don’t make a move just for money.  Unless it’s a lot more money and you’re reasonably confident you’ll be just — or close to — as happy.  You cannot put a price on working with good people.

2. If you’re not happy, do everything you possibly can to improve your current situation before considering a new employer, unless a new employer is necessary for your professional growth, happiness, or financial situation.  

3. Don’t worry about having a two-page resume if it’s required to fully explain your experience.  Just make sure it’s not one page with just a few sentences on the second page (in which case you can probably fit it onto one page by adjusting margins, putting your address on one line, etc.).    

4. Garamond is the best font for resumes (in my opinion).

5. If your resume has some puzzling formatting issues and you are using Microsoft Word, hit “Shift+F1” to reveal the formatting pane, which can help identify the problems.  

6. Proofread your resume from the end to the beginning.  Pretend you are an editor and look for consistency with periods/no periods, bold font, italics, and usage of underlining.  Then proofread it again for content.  Then proofread it again for both.

7. Always print out your resume before proofreading it.  Never proofread on a screen.

8. Never send your resume in Word format – PDF always.  Why?  Word often doesn’t convert well when sent via email, and the formatting can get messed up.  Don’t risk it.

9. Do not put dates or descriptors in the file name of your resume.  BAD:  “Resume – J. Smith – 1-6-2020 corporate version”. GOOD: “Resume – J. Smith”.  

10. Don’t add a cover letter attachment.  Put your cover letter in the body of the email, unless explicitly instructed otherwise. 

11. In your cover letter, do not regurgitate what’s in your resume.  Your cover letter should explain why you are interested in the particular position and help introduce your narrative for seeking a position.  Depending on the audience, you may want to wait until an interview to disclose more detail on your reasons for considering a move.  But if you are in good standing/receive strong reviews, mention this as well.  Remember, people often assume the worse unless told otherwise.  

12. If you are moving to a new city, explain in your cover letter your reasons for considering the new city and existing connections (e.g., family, friends, how often you visit, etc.).  Also, if you plan to settle down in the new city for more than a relatively short period, explain that as well.    

13. Do not end your cover letter with “I look forward to meeting you.”  That’s too presumptuous.  Instead, say: “If you think my background and experience may be a fit, I would welcome the opportunity to arrange a meeting and learn more.”  

14. Never send your resume/cover letter or job related correspondence from your work email.  Never.  Even if your employer knows you are looking for a new job.  

15. If your interview is via phone, stand up while speaking.  Your voice will sound brighter and more alive.

16. Fridays are great days to interview.  Monday mornings are the worst. When you arrive at an interview, do not check-in 15 minutes early.  Arriving too early will result in eye-rolls from your first interviewer.  Instead, check-in with the receptionist (for the law firm/company, as opposed to the building receptionist) five minutes before your interview time.  This shows you are on time but respects the fact that your first interviewer needs to complete what he/she was working on before your interview.   

17. Always be prepared to explain why you are looking to leave your current position.  If you are doing well and are seeking a new position purely on your own volition, make this known.  

18. Even if you think you are great at interviewing, rehearse your responses to possible questions (“Why are you considering a move?  Why are you interested in us?) with somebody else. At first, your responses will probably be far from ideal.  That’s good. It will scare you into preparing more.  It’s important to be yourself/organic but do not try to “wing it.” 

19. Should you send a thank-you note?  There’s no easy answer.  Some people feel strongly that they are an essential sign of good manners, while some don’t view them as necessary.  However, countless people have been rejected due to thank-you notes with typos or formatting issues.  Also, if you choose to write one, remember that people often share them so they should be personalized.  Which increases the chances of inadvertent typos. Which is why many people don’t write them. But if you do, print them out and proofread them before sending. 

20. When giving notice, be careful of counter-offers.  Sometimes a counter-offer makes sense if you believe your current employer was truly unaware of your concerns and could not have fixed them before your providing notice.  However, If the reasons that encouraged you to consider a new opportunity will not be remediated with a very tangible plan, odds are you will leave within the next year.  And you’ll be reading this same article again.

Bonus Tip:  Once you start at a new employer, be aware of confirmation bias.  How does this play out? If your first piece of work is not up to par and somebody is left with a negative first impression, it’s much harder to change that person’s mind over time.  As such, it’s critically important to make sure you are extra careful in the beginning about typos, etc.

Best wishes for a successful 2020.

Dan Binstock  | bio |
Partner | Garrison & Sisson, Inc.
1627 I Street, NW, Suite 1230
Washington, DC 20006
d: (202) 559-0472 | m: (202) 664-9300