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IgniteLaw Las Vegas
- 23. #ClioWeb Joshua Lenon Lawyer in Residence Clio How the Baby Boomers Destroyed the Legal System
- 24. #ClioWeb US Population by Age 0% 5% 10% 15% 20% 25% 30% 29 or less 30-34 35-39 40-44 45-54 55-64 65+ Source: U.S. Census Bureau â 2014 Estimates
- 25. #ClioWeb Lawyer Population by Age 0% 5% 10% 15% 20% 25% 30% 29 or less 30-34 35-39 40-44 45-54 55-64 65+ Source: American Bar Foundationâs Lawyer Statistical Report 2005
- 26. #ClioWeb Baby Boomers have taken control of the legal profession.
- 27. #ClioWeb Equity vs. Non-Equity Partners 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 1995 2001 2009 Equity Non-Equity Source: âHave we reached the end of the partnership model?â ABA Journal 08/1/15
- 28. #ClioWeb Law Firm Hiring Trends 29000 30000 31000 32000 33000 34000 35000 1999 2004 2009 2010 Full Time Jobs Full Time Jobs Source: NALP Employment Patterns 1999- 2010
- 29. #ClioWeb Baby Boomers have created âLost Generationsâ of exiled lawyers.
- 30. #ClioWeb In exiling lawyers, Baby Boomers have seeded their own destruction.
- 31. #ClioWeb
- 32. #ClioWeb
- 35. #ClioWeb Baby Boomers greatest threat to the legal profession is indirect
- 36. #ClioWeb Shifting Tax Burden -400 -300 -200 -100 0 100 200 300 400 500 Future Generations 18-29 30-39 40-49 50-59 60-69 70-79 80+ Source: International Monetary Fund
- 37. #ClioWeb Law School Costs Soared $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 1985 1995 2005 2011 Median Tuition in 2011 Dollars Source: The Crisis of the American Law School
- 38. #ClioWeb Law School Costs Soared $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 1985 1995 2005 2011 Median Tuition in 2011 Dollars Median Public Law School Tuition Source: The Crisis of the American Law School
- 39. #ClioWeb Legal Services Funding Federal legal aid funding in 1976 was $479 billion dollars in adjusted 2013 funds. Federal legal aid funding in 2013 was $340 billion dollars. Source: Legal Services Corporation
- 40. #ClioWeb Bleeding Courts Dry Federal Court staffing at lowest level since 1997 due to flat funding. Source: U.S. Chief Justice's Year-End Reports on the Federal Judiciary 2014
- 41. #ClioWeb
- 42. #ClioWeb
- 65. CODING, CHINESE, AND CINEMATOGRAPHY: PORTRAIT OF A 21ST CENTURY LAWYER?
- 67. OUTCOMES
- 70. TALENT
- 72. BE A POACHER
- 73. PROBLEM SOLVED
- 74. PLEASE DONâT POACH ANIMALS. ONLY POACH UNICORNS.
- 75. UNEXPECTED POSITIVE EXPERIENCES DELIVER A BIGGER IMPACT.
- 76. NEW LIFE EXPERIENCES HAVE MORE IMPACT THAN REWARD OBJECTS.
- 77. 31% 37% 300%
- 80. MENTORS STUDENTS project management cultural competency leadership business planning problem solving
- 83. DISCOVER YOUR 21ST CENTURY LAWYERS. ASSESS THEIR TALENTS. POACH THEIR SKILLS TO DRIVE YOUR FUTURE SUCCESS.
- 84. MORE THAN FACE VALUE. erika@lwow.org
- 87. I have been blogging about how to make the law better for founders and startups for awhile.
- 89. Washington State should have a crowdfunding law 5 A.M. July 2012 I dreamed up a crazy idea
- 90. John Cook & Todd Bishop ran it in
- 91. AND then I befriended Cyrus Habib at a coffee shopâŚ.
- 93. âHey, can I have that bill you wrote?â State legislators asked âŚ
- 94. Legislators are just like VCs and VPs of Biz Dev
- 95. The law is in constant f l u x
- 96. The slightest changes can screw everything up Refer: Section 201 of the JOBS Act Legislative language
- 99. You have to live with them, but, if you can, donât give them a license to re-write the law. Regulators
- 102. âWhat data did you have in support of your proposal?â âData?! Donât be absurd!â Haha Data?
- 103. Dig In, Get Dirty 1
- 104. Donât fall into ideological traps 2
- 105. Go in peace! NO Pitchforks & Torches 3
Editor's Notes
- As on 2005, 60% of lawyers are over the age of 45.
- About 16 percent of the partners in the nation's top 200âgrossing law firms are 60 years old or older. And more than half of them are at least 65. Those in their fifties account for 28 percent of all Am Law 200 partners. Partners in their forties represent 36 percent of all Am Law 200 partners.
- Of the 100Â top firms by gross revenue, 50Â cut the number of equity (or profit-sharing) partners last year. there was a 7.1 percent increase in that less-lucrative job category at big firms in 2013.
- Compared with 12 per- cent who reported using such fees between 2013 and 2014. Fifty-three percent of CLOs leading law departments with 25 or more employees used flat fees for entire matters.
- According to AngelList, there are roughly 350 companies in the U.S. tagged in legal. If you break those down to legal startups, there are 101 listed. Josh Kubicki reported that legal startup funding is at an estimated $77 million year to date with the prediction that it will be much higher than the $458 million invested in 2013.
- A study by the International Monetary Fund in 2011 compared the tax bills of a cohortâs members over their lifetime with the value of the benefits that they are forecast to receive. The boomers are leaving a huge bill. Those aged 65 in 2010 may receive $333 billion more in benefits than they pay in taxes (see chart), an obligation 17 times larger than that likely to be left by those aged 25.
- 大厜弽ă ć䝏äťĺ¤Šä¸ĺestamos aqui para discutir la futura de law, technology, lawyers, and more.
- Pause. Show of hands: who here speaks English? Great. Spanish? Bueno. Mandarin? ĺžĺĽ˝ďźć˛Ąćĺď˝ă So, this kind of fluencyâthree languages in one sentenceâillustrates the fluency in culture, skills, and disciplines critical to the future of our field.
- We think, hear, and talk a lot about outcomes: specifically, what we want, what theyâll look like. But whatâs missing from the discussion? Itâs not so much how weâll get to these outcomes, itâs the whoâwho is going to make them happen?
- Hi everyone, My name is Erika Concetta Pagano Iâm trilingual Iâve been coding for 20 years Iâm a Georgetown grad I produced and hosted a TV show abroad Iâm a lecturer in law at the University of Miami Iâm Eversheds Fellow + Associate Director of LWOW Iâm 28 (âŚmore if necessary)
- And I have a JD (pause) This is a portrait, ladies and gentleman, of a twenty-first century lawyer. And if you want your outcomes to come to fruition, take a step back from the brainstorming and design thinking. Pause to look at the who. Why?
- Todayâs young lawyers grew up eating Gushers while tooling around on Geocities. We shunned essays in favor of shooting videos for our middle school Shakespeare projects. And while the bluebooking, researching, and writing are critical, this is the talent that will not only differentiate but define the future.
- So, if youâre here, youâre probably already thinking ahead. But to those in biglaw, finance, or healthcare, youâre wondering where to find these mythical, multitalented 21st century lawyers, these unicorns. The good news is? Theyâre sitting all around youâone in three workers today.
- Thatâs right: if youâve got an office full of millennials, youâre living in a forest full of multitalented unicorns. So be a poacher. Get your already existing talent to work for you.
- An example: at LawWithoutWalls, we needed a new website. Well, we could pay an outsider to do it, or, hey, I could reveal my inner nerd and put those two decades of programming to use. Unicorn poached, problem solved. Brings new meaning to in-house, doesnât it?
- To be clear, I donât encourage animal poaching. But why poach unicorns? Why listen to this 21st century lawyer, this millennial that is your workforce and your burden and your benefit? Remember, weâre one-third of those around you! So, what does science say about putting these 21st century skills to use?
- Psych Ron Friedman, in book âBest Places to Work,â says Unexpected positive experiences deliver a bigger impact ď the positive experience of working with a dif dept because of a special language ability benefits the person, their teammates, and the final product
- Dr. Friedmanâs research also shows that New life experiences have more impact than reward objects ď this means that the opportunity to engage in these projects outside the four corners of a job description will mean more than that new pair of shoes. Money canât buy happiness, right?
- So, then, what does happiness do? According to HBR, happy employees are 31% more productive, sell 37% more, and experience a 300% boost in creativity ď think about what this will do for your company, your clients, and your bottom line.
- Is this just another millennial manifesto saying âhey, play by my rules!â? No. Itâs a communicationâa call to actionâ to assess the resources really around you, resources not always face up on a resume
- At LawWithoutWalls, we team students from 30 law + business schools from around the world with multidisciplinary professionals to create startups that solve problems in legal education and practice.
- We build skills like: cultural competency, project management, leadership. In the process, our students flex their talents, and itâs always the mentors who learn the most.
- The idea of learning from someone younger than you might seem counterintuitive. But, given the skills and experiences of todayâs young lawyers, youâd be foolish not to. Youâd be throwing away a truly precious and priceless resource. Donât trash the treasure!
- Iâm lucky enough to thrive in an environment that supports these skills, right in the sweet spot of law, academia, tech, and business. But even if youâre not at this intersectionâor even in a whole other universeâwhatâs the takeaway?
- Stop to take a good look at your 21st century lawyersâyou need them! Beyond the law firm resume, discover their true talents. Find out who they really are, and what they can do. And then? Poach âem. Have them be key drivers in your problem solving, creativity, and future success.
- To succeed tomorrow, you need 21st Century Lawyers, and in the portrait of a 21st Century Lawyer, thereâs more than just face value.