Rules to Work By

raised handMost of the lawyers I know and deal with are exceptional professionals and generally, great people. They are not the ambulance chasing, greedy, egocentric, lying, unethical, do anything for a buck hired guns that people stereotype as your traditional lawyer. As an in-house lawyer, my one client, the business, would suffer if I were to fall prey to these stereotypes. It is possible in some situations the loud aggressive pit-bull attorney finds success and is necessary. As an in-house construction lawyer, if that were my approach when dealing with other stakeholders, I would still be working on the first contract to come across my desk.

I have adopted some of the rules my six year old was sent home with after his first day of kindergarten. Listen, be safe, polite and respectful, and play nice with others. My playground is buzzing everyday with non-client parties like customers, subcontractors, vendors, GC’s, owners, regulatory agencies, the public, trade associations, unions and families. Finding a way to “play nice” with all of these competing influences and without sacrificing the duty to advocate for my client, has been my greatest challenge and biggest success.

Whether giving legal counsel or advising as a trusted business partner, in-house lawyers assist the business team with issues ranging from accidents, crisis management and work place safety to multi-million dollar contracts and employee harassment.

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State Bar’s Appellate Practice Section Hosts Outstanding Brief Competition

The Appellate Practice Section of the State Bar of Wisconsin is hosting its first Outstanding Brief Competition for members of the bar. Any appellate opening or response brief from a case decided in the last year may be entered in the competition. Entries are due by March 31. As noted on the state bar’s website:

The brief writers (and their firms or agencies) will be publicly recognized, and the briefs will be posted to the Appellate Practice Section’s website to serve as models for appellate practitioners. Anyone can nominate a brief – author, colleague, friend, judge, clerk, or other admirer of great legal writing. Nominations will be kept confidential.

The website provides additional details about how to nominate a brief and other qualifications.  Here is a link to use to nominate briefs and to ask questions.  The Appellate Practice Section seeks through this competition to promote excellent brief writing among Wisconsin practitioners.

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Don’t Fear Numbers

RIskOver the last several years in Law School, I’ve learned that many of my peers are averse to math. In Prof. Anzivino’s Business Bankruptcy class I distinctly remember painful groans as he explained the time value of money and had the class look at a simple amortization table. In Prof Grossman’s Business Strategy course, I had a friend lean over to me and ask, “What the hell is a balance sheet?” Basic accounting and finance concepts seem to be like nails on chalk board for many law school students. Don’t fear numbers; basic accounting and finance skills can help distinguish your resume from other law school graduates and build better relationships with future clients.

Lawyers should have a basic understanding of a balance sheet, income and cash flow statements.

A balance sheet identifies the assets of an organization and how those assets were financed, either through debt [using someone else’s money] or through equity [using the owner’s money]. For those who are interested in doing M&A, a thorough understanding of a balance sheet is critical. For example, the ability to identify and discuss financial reserves [such as, those related to environmental remediation] can help you to identify, understand, and highlight risk for your client. An entity’s balance sheet also provides an understanding of an operation’s well-being: trends in cash, inventory, revenue producing equipment, receivables, payables, debt equity ratio and retained earnings [to name a few]. It’s also important to understand the relationship between these elements; it’s called a balance sheet for a reason.

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