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Posts Tagged ‘cooperation’

I keep hearing about how many law students are worried about jobs, careers, etc. The only reason most students are worrying about the economy this, and the profession that, comes from a belief that they need a job when they graduate.

Maybe because they think they need the job to get experience. Maybe they need to pay student loans. Maybe they imagine it’s the only way to make money as a lawyer, or maybe they are terrified of having to venture out and find clients.  Maybe they like the  prestige of a big firm job or corporate position.  Adding to this uncertainty, the game has become so competitive for big firm jobs, they have to really blow everyone away. You need a 4.0, you need to be the Moot Court Master of the Universe; you need 3 law review articles, and you need to bring your uncle’s billionaire friend as a client with you, just to get an interview! Some will make it and most won’t.

For the rest, it’s a new and exciting game and you don’t have to worry or work for anyone. You can do what you like.

Today, it has never been easier to own your own space as a solo or small firm, to collaborate on a global scale and to serve more clients than you need.  It has never been easier to build your dream job.  Instead of worrying, work hard at doing what you like, and   realize that you can practice law and still laugh, make friends, care for your peers, and let them care about you. You can be yourself, be authentic, and be as unstoppable as only you can be when occupy your space!

And you don’t have to do it by yourself.  You can learn and get experience by working with other more experienced lawyers virtually.  That’s one of the reasons why I’m building The Online Bar Association. You can live anywhere and join Timothy Ferris’ new rich. Today, you can be a successful lawyer from anywhere in the world.  The most important factors are loving what you do, being good at it and having friends that you trust and care about your success, that  care about YOU!

I’m not saying you don’t have to work. You will probably work harder at first.  But in the new legal world, where content is free and abundant,  it’s increasingly more about who wants to play with you, than what you know.

Are you ready to play and work hard?

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Imagine when all the Saas and Iaas and Paas needed to practice law are free or almost free.  Aren’t we almost there already??  As a lawyer you no longer need to memorize anything or keep a KM database at your firm.  It’s all available for free or at a minimal cost in the cloud and on your mobile device. Legislation has inflated such that we all consult our mobile devices on every action we take.  Is that legal? Is this legal?  But clients will still need professional legal assistance in resolving disputes, managing contractual relationships, transactions, etc., and navigating all the new laws.  Imagine also the global harmonization of laws and the inevitable competition of lawyers on a global scale.

What then?  What will you do? How will you compete?

Two extreme scenarios could run parallel.

  1. Massive global law firms (GLFs) assisting large corporations and governments will consolidate into proprietary “elite silos” numbering 10,000s of lawyers.  They will be distributed, but centrally controlled, and highly political.  Compensation will be astronomical and highly competitive.
  2. Many solo and small firms (SSFs), in the 100,000s of lawyers, will organize by necessity into “public law firms”: vast, open networks without borders and without jurisdiction.  PLFs will be completely dynamic in size and direction. They are decentralized except that some may share infrastructure and platforms. The members come and go as they please.  PLF members work the hours they want to, from any location and their only limitations on choice of practice coming from peer reviews. PLFs are intimate networks in which members must earn and build trust to be selected to participate in publicly announced projects.  Anyone can announce a project and build a team, from which professional project and team leaders will evolve.  Earning is varied depending upon who wants to play with you and the market value of your contribution.

I’ve only touched upon the infinite variables of a Public Law Firm as an idea.  What do you imagine your future as a lawyer will look like?

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I was recently reading about Otto Scharmer’s Theory U and The Presencing Institute.   By the way, Otto is a Senior Lecturer at MIT and consults with global companies, international institutions, and governments.  He has co-designed leadership programs for client firms including PricewaterhouseCoopers, Fujitsu, and Google.  He also facilitates cross-sector programs for leaders in business that focus on building people’s collective capacity to achieve profound innovation and change.

In Otto’s Theory U Toolbook from the Presencing Institute he listed some of the following questions, most which I’m editing for you to ask about OBA, and to ask each other as OBA members:

  1. What is your most important objective and how can we help you realize it?
  2. What criteria do you use to assess whether our (OBA) or another member’s contribution to your work has been successful?
  3. If we were to build two things into OBA within the next 6 months, what two things would create the most value and benefit for you?
  4. What are your expectations from a voluntary bar association and its members?
  5. What might your best possible future look like?

I will post these questions on our OBA linkedin and facebook groups for discussion.  There is no right answer as all the questions are highly subjective – it’s about you and what’s important to you.  Thank you in advance for your participation in these discussions.

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The industrial era injunction to work longer hours and literally drive oneself to the edge of physical and emotional exhaustion is almost dead in the opulent West.  Many lament this and it’s often the subject of many articles on our economy and youth.  We admire the Chinese for their work ethic but we can’t seem to find the energy anymore.  We’re lazy – they say.  We’re going to be left behind!

Maybe…. and maybe not.

All these are by necessity linear arguments that exclude the broad scope of evolution as a result of technological development. Maybe we are lazy. But then, why bother with technology?  Isn’t technology meant to free us from routine and repetitively boring tasks?

Let’s assume that technology continues at this pace, a pace not broken despite world wars, depressions, recessions and Communism.  From the limited perspective of what we know today, we can expect that if you’re a lawyer you will have access to a vast, almost infinite, ocean of information.  Maybe even AI: intelligent agents that can tell you the law, fashion arguments, draft briefs, etc. But then so does your “opponent” have this same access.  What then?  A sort of mutually assured stalemate situation – MASS.

What now?  Back to humans negotiating, I guess.

All roads lead to human interaction – even more so than ever before.  That’s what we’re seeing already today with the mass interaction using social media like Facebook and Linkedin.  As technology grows, human interaction increases.  Hence, the importance of building relationships, authenticity, trust, and credibility becomes its own currency.  But unlike capital currency (money), controlled by a few, relationship currency is a universal currency which everyone has access to.

Like it so far?

Ok, that was a really long winded explanation to conclude that we’re all in the “business” of human relationships – plain and simple.  And “relationship currency” is vastly more rewarding to a joyful lifestyle, to your capital currency base and to the time to enjoy them.

I know I skipped some steps, but it’s a blog not a treatise.  Can you already see that we’re “lazy” because we can be?  That our relationships are and will be more important that the technology you use and the hours you work?  That relationships are and will be more important than your access to capital in fiat currency. Relationship currency can’t be inflated by central banks, loaned by banks with interest; it can’t be counterfeited or stolen because it is based upon human experience and interaction.  You can fake it – for a while – but you will be soon exposed. There is no bankruptcy court that can discharge your relationship debts from deceit, manipulation and self serving lies.

After 9/11, I once saw a friend buy rural land and stockpile 2 years worth of food.  He was going to escape to his bunker in case of mass chaos, nuclear attacks and eat dehydrated food until it was all over.   The Lone Wolf syndrome – going it alone.  A practical idea up to the late 1800s in North America.  Today, someone will tweet that you have food and the mob will siege your house first! GET IT??  You’ll have to go underwater in a one man submarine or into space to escape mobs. Most of humanity will simply have to  build relationships so that a mob never materializes because we’re all too busy trading, cooperating, and collaborating to steal each other’s food!!

Today, it’s a reality that with social media and the lack of privacy, you are being valued by the currency of your generosity, accountability and trust.  These rules have not really changed in centuries, only the scale has changed – exponentially!

Now here comes the shameless promotion: that’s why we created OBA.  We’re a global mob trading in the currency of trust.  Investing in the market of each others success.

In the spirit of earning your trust, what is your most important objective and how can we help you realize it?

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