Lincoln’s religion
Abraham Lincoln, born in February, said: "When I do good, I feel good; when I do bad, I feel bad. And that is my religion." How simple and eloquent.
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Abraham Lincoln, born in February, said: "When I do good, I feel good; when I do bad, I feel bad. And that is my religion." How simple and eloquent.
This week, Ed finishes his list of 10 traits that are common to all successful law firms.
In the first of this 2-part segment, Ed discusses 5 of 10 characteristics common to all successful law firms.
MyCase legal practice management software has announced an integration with the popular accounting software QuickBooks. This is an important integration, as it allows law firms to have full synchronicity between their practice management and accounting software systems. The integration comes at no additional cost to MyCase customers. For at least 15 years, I have been preaching "integration" to technology / software developers. This is a major step forward on that path. Check this out for your office.
The California Supreme Court heard arguments this week in the matter of Mr. Garcia, an illegal alien, though with proper credentials, not to be deported. His request: Grant him a license to practice law now that he has passed the bar.
Like a model prisoner, he has been a model citizen. But, does a model prisoner walk out of prison early? On occasion, yes. Can a model citizen attain a professional license? Though Mr. Garcia can stay in the U.S., can he be licensed where it’s required to uphold all the laws of the country, including immigration laws of which he is clearly in violation? While, he had no say in coming to the country (only his parents did) and while he knows only the U.S. way of life, the answer to the question is not so clear.
In part, this issue is not about Mr. Garcia, but about states’ rights. What is your opinion? Should an immigrant, staying here legally but not yet a citizen, be allowed to represent others as a lawyer?
Ed advises understanding what you want to do with the second season of your life.
Today Ed takes on your questions! Based on a comment from a Facebook fan, he explores whether incentive-based compensation exists for lawyers.
On Thursday, August 22, the NASDAQ, one of the largest financial exchanges in the world, failed. It had no backup, and was down for more than three hours. The financial impact had to be in the billions of dollars.
Even as big as NASDAQ is, even though they have a pivotal role in the global economy, they failed to have a plan for disaster recovery. How and why they recovered is still, at this writing, a mystery. The fact that they did recover is remarkable. Even more remarkable is the fact that it has happened to them before. According to an article in The New York Times, the exchange has been shut down twice before when squirrels chewed through power lines, and as recently as 2011 hackers breached its computer system.
If it happened to NASDAQ, it can happen to your law firm. As I’ve written many times before, “disaster” for a law firm is not a question of if, but rather of when. The only unknowns are what the type of disaster, when it will occur and how bad it will be. NASDAQ was out of commission for three hours. A burst water pipe, a fire, a natural disaster, a computer meltdown could put a law firm out of commission for three weeks, or three months.
NASDAQ had no backup. How about your firm? The issue isn’t just backing up data files, although that is important. Do you have disaster recovery backups like these?
· An internal emergency communication system for lawyers, staff, clients, vendors, and the court, incorporating recorded hotline messages and out of area contact points.
· A plan for temporary office space that will accommodate furnishings, computers and phones.
· A referral arrangement with another firm that will allow you to carry on key practice matters by requesting a continuance or rescheduling a deposition.
· A solid relationship with your banker so you can get an emergency loan.
· An employee assistance fund to help tide staff over in the event there are no ready funds to pay them.
If you don’t, start planning to put them in place now. If disaster happened to NASDAQ, it can happen to you.
Your bank will not always let you withdraw your money! Ed talks about bank check clearing policies that could affect your law firm.