Trusts & Estates and the “Businesslike” Practice of Law

In 1980, I had the opportunity to interview Louis Auchincloss. Known for his novels about New York’s traditional elite, Auchincloss also maintained a successful and sophisticated trusts and estates practice. In fact, I interviewed him in his corner office on Wall Street. His thoughtfulness, dignified manners, Brooks Brothers clothing, and elegant office stuck in my mind over the years as an illustration of top-drawer T & E.

It came as a surprise to me over thirty years further down the road to learn that the white-shoe Manhattan firm of Debevoise & Plimpton was eliminating its T & E practice. It turns out that Debevoise & Plimpton is only the latest big firm to take this step. Weil, Gotshal & Manges and also Gibson, Dunn & Crutcher, among other big firms, have also in recent years done the same.

Why are the big firms ending their involvement with T & E? According to the analysts, T & E is an uncomfortable fit in the emerging big-firm business model. Genteel and personalized, the T & E practice of somebody like Louis Auchincloss cannot assign large numbers of junior associates and run up the tab in the process. Drafting wills and trusts generates fewer billable hours and profit than big-time litigation, corporate bankruptcies, and mergers and acquisitions.

The contemporary legal profession has its share of problems, but the elimination of big-firm T & E practice underscores the problem that is perhaps the most troubling. Namely, the market economy is swallowing up the legal profession. Every day, we see the practice of law becoming just a business. If legal educators share my perception and are troubled by it, we might reduce skills training and hold off teaching law students “to hit the ground running,” that is, graduate ready to make a buck. Legal educators might instead redouble efforts to teach ethics, honor professional norms, and endorse genuine humanistic values. These are the features of professionalism that distinguish it from unbridled profit-seeking.

 

Continue ReadingTrusts & Estates and the “Businesslike” Practice of Law

Remembering Professor Bork

Published reports of the death of Robert Bork on December 19 not surprisingly dwelled on the most controversial events in his long life in the law.  As Solicitor General under President Nixon, Bork in 1975 carried out orders to fire the Watergate special prosecutor.  In 1987, Bork was nominated for the Supreme Court by President Reagan but then rejected by the Senate.  During the 1990s and 2000s, Bork, while employed by conservative think tanks, vigorously argued that elitist liberals were trying to take over the judiciary.

For my own part, I recall Robert Bork from my first year of law school and from the time before he became a prominent national figure.  It seems hard to believe, but I actually had Professor Bork for Constitutional Law.  I also had Professor Bork for Legal Research and Writing because the Yale Law School in those distant days folded each student’s instruction in legal research and writing into an arbitrarily selected substantive first-year course.

I have no evidence that Professor Bork ever read the assorted memoranda and briefs I wrote “under his tutelage,” but I certainly recall his approach to Constitutional Law. 

Continue ReadingRemembering Professor Bork

“Lincoln” and the Law

Reviewers of Steven Spielberg’s “Lincoln” have rightfully praised the film for its faithfulness to history and for the fine acting of Daniel Day Lewis, Sally Field, and Tommy Lee Jones, among others. As a “lifer” in legal academics, I was intrigued by the film’s engagement with law, lawmaking, and law-related ideology.

The most important “law” in the film is the 13th Amendment to the United States Constitution, and the film accurately suggests that the Amendment’s ratification in 1865 was more important in formally ending slavery than was the more famous Emancipation Proclamation. The latter, issued by President Lincoln in 1863, served only to free slaves in the ten Confederate states warring against the Union. Lincoln issued the Emancipation Proclamation chiefly as a war measure and hoped it would prompt slaves to take up arms against slave owners.  

Continue Reading“Lincoln” and the Law
Newer Posts
Older Posts