How many times have we heard the above saying? It usually refers to lawyers who are a party in a lawsuit. But what about law firms that handle their own legal work? What about those firms that don’t do the things they advise their clients to do? Aren’t they just as foolish?
I can’t tell you how many law firms I have spoken with who do not have a policy and procedures manual. This is shocking to me. How many lawsuits do they have to hear about before they protect themselves?
How many law firms keep their corporate minutes up to date? Draft resolutions for shareholder or partner actions? Use their bylaws to govern their actions?
Like doctors, lawyers probably treat their clients better than they treat themselves. Law firms should probably have outside counsel review their documents. It could be done the way professional golfers keep score for each other.
Law firms need to operate like businesses and in a business-like fashion. Managing partners need to set the tone for firm behavior. No shortcuts, please.
You must be logged in to post a comment.