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Explore every episode of the podcast Big Law Life

Dive into the complete episode list for Big Law Life. Each episode is cataloged with detailed descriptions, making it easy to find and explore specific topics. Keep track of all episodes from your favorite podcast and never miss a moment of insightful content.

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1–50 of 124

TitlePub. DateDuration
#49: Big Law Associate Year-End Checklist for Success04 Dec 202400:14:29

In today's episode, I tackle the critical steps associates in large law firms should take to close out the year effectively. From navigating mandatory trainings and pro bono commitments to planning for professional growth in the upcoming year, I provide specific, actionable advice to ensure you finish the year strong and position yourself for success in the months ahead. I also discuss the nuances of firm culture, from handling leave requests during the holiday season to expressing gratitude to colleagues and supervisors in ways that strengthen relationships.

At a Glance:

  • 00:00 - Introduction to Big Law Life and why year-end is a pivotal time for associates in Big Law

  • 00:20 - The importance of meeting billable hour goals and mandatory requirements

  • 01:45 - Strategies to complete overlooked tasks like trainings and pro bono work

  • 02:40 - How to approach holiday leave requests and ensure smooth coordination

  • 04:23 - Staying accessible during holidays and managing team expectations

  • 05:17 - Recognizing and appreciating colleagues and supervisors at year-end

  • 07:10 - Personalized client outreach: Going beyond standard holiday cards

  • 07:30 - Planning for conferences, training, and firm-approved growth opportunities

  • 08:12 - Turning feedback into actionable career development plans

  • 10:12 - Advocating for opportunities: Avoiding the common pitfall of waiting

  • 11:39 - Setting goals and creating a tracker for accountability in the new year

  • 13:18 - Closing the year with momentum and preparing for a fresh start


Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

 

#48: New BigLaw Partners: Essential Mindset Shifts from Associate to Partner27 Nov 202400:17:41

In today's episode, I discuss critical mindset shifts necessary for transitioning into a partnership role at a large law firm. I cover everything from securing and justifying business development budgets, to managing challenging relationships with fellow partners, and re-evaluating your career trajectory as you establish yourself in this demanding role. Drawing from personal insights and coaching experiences, I provide actionable strategies for navigating these challenges and achieving long-term success as a partner.

At a Glance:

  • 00:00 Introduction to Big Law Life and today's episode

  • 00:20 Celebrating the milestone of making partner

  • 01:10 The crucial mindset shift from associate to partner

  • 02:30 How to approach business development funding as a new partner

  • 05:00 Maximizing ROI on firm-sponsored travel and conferences

  • 07:15 Understanding firm protocols for budget allocations

  • 08:40 Balancing conflicts with fellow partners

  • 11:30 Managing your practice and pivoting when necessary

  • 15:00 The ongoing pressures of business development as a partner

  • 16:30 Final advice on maintaining adaptability as a partner


Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

 

#39: Are You Sure You Want to Be a BigLaw Partner?25 Sep 202400:16:18

In today's episode, I dive into the realities of becoming a partner at a large firm. I outline the financial, managerial, and personal factors every lawyer should consider before pursuing partnership. As I explain, partnership comes with certain not-so-easy financial realities, heavy business development demands, and the need to be willing to navigate the firm dynamics and internal politics that often come with the title. If you're a lawyer considering working towards partner, this episode offers some critical points for you to evaluate.


At a Glance:

  • 00:00: Introduction by Laura Terrell: From equity partner to executive coach

  • 00:32: The lack of a roadmap in law school for success in large law firms

  • 01:20: Considering partnership: What aspiring partners need to think about

  • 02:44: Financial realities: From income partners to equity partners

  • 05:38: Equity partners and the risks of inconsistent payments

  • 07:18: The firm's culture: How partnership can change dynamics and expectations

  • 09:16: Business development expectations and the runway for growth

  • 12:30: The workload: Managing administrative tasks, client work, and business development

  • 14:19: Personal life and partnership: Balancing professional demands with personal priorities

  • 15:20: Key questions to ask yourself before pursuing partnership


Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#38: Why Law Firms Fail at Partner Transition Planning with Douglas Wood18 Sep 202400:31:42

In today's episode, I am joined by Douglas Wood, former Big Law attorney and author of 11 books, including From Dawn to Dusk: How to Build a Multimillion Dollar Law Practice and Then Give It Away. 

We dive into the often-ignored topic of succession planning for attorneys nearing retirement in large law firms. Doug shares his own experience transitioning out of a big law career, mentoring younger attorneys, and how firms can better manage the departure of senior partners. We also discuss the importance of delegation, mentorship, and planning for retirement from both the attorney's and the firm's perspective.


At a Glance:

  • 00:00: Introduction to the episode and guest, Douglas Wood

  • 01:20: Transitioning out of law practice and the significance of succession planning in Big Law

  • 03:20: Doug's career path, from small firms to becoming a partner at Reed Smith

  • 04:50: Retirement planning in large firms and the lack of formal transition processes

  • 06:54: Why law firms avoid discussions about partner transitions

  • 09:00: Mentoring younger attorneys and the rewards of delegating client relationships

  • 11:00: Addressing the risks of delegation and the misconception that clients will leave

  • 13:15: Building a transition plan that benefits the firm, the transitioning attorney, and the younger lawyers

  • 17:03: Balancing client demands, billable hours, and mentoring—debunking the "too busy" excuse

  • 21:10: The generational gap and its impact on mentorship in the legal profession

  • 24:00: The lack of formal programs for senior lawyers and why law firms should view them as assets

  • 30:00: Doug discusses his novel writing and upcoming projects

Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

 

How to reach Doug Wood
douglas.wood@wood.law

https://dawntodusk.wood.law/

LinkedIn: https://www.linkedin.com/in/djwood1976

Facebook: https://www.facebook.com/profile.php?id=61562791655439

Amazon: From Dawn to Dusk: How to Build a Multimillion Dollar Law Practice and Then Give It Away: Wood, Douglas J.: 9798985856460: Amazon.com: Books


Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#37: Key Trends in Law Firm Profitability and Partner Pay with Lisa Smith11 Sep 202400:36:36

In today's episode, I am joined by Lisa Smith, a founding Principal of Fairfax Associates and head of the Washington office. She is a leading consultant to law firms and advises firms in the U.S. and globally. We delve into the intricacies of partner compensation, profitability strategies, and leadership transitions in large law firms. 

With over 35 years of experience, Lisa shares her insights on how law firms structure compensation to retain top talent, the increasing significance of origination and profitability metrics, and how leadership approaches are evolving to meet the demands of today's legal industry. 


At a Glance:

  • 00:00: Introduction to the episode and guest, Lisa Smith, law firm consultant

  • 02:27: Lisa's background and how she entered law firm consulting

  • 04:05: The evolution of compensation structures in large law firms

  • 06:26: How firms manage high-value compensation packages and the risks involved

  • 08:12: Balancing profitability with partner compensation: What firms are doing now

  • 09:44: Shift in metrics from billable hours to profitability and origination

  • 11:14: The growing importance of generating and leveraging work as a partner

  • 14:00: Managing lateral hires: Compensation packages and cultural integration

  • 16:12: Leadership turnover in law firms: What new leaders focus on today

  • 19:09: Shifting leadership dynamics: Business acumen vs. book of business

  • 22:49: Leadership pipelines and developing future law firm leaders

  • 25:07: Evolving partnership structures: Income partners, equity paths, and retention challenges

  • 30:09: The impact of AI and technology on legal services and client expectations

  • 31:27: Increasing rates and their effect on firm-client relationships and firm profitability

  • 35:04: Closing thoughts on firm growth and the changing mobility of partners

Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

How to reach Lisa Smith
https://fairfaxassociates.com/our-people/lisa-smith/

https://www.linkedin.com/in/lisa-smith-24a9b1a/


Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcas

#36: BigLaw Insights From Bloomberg Law Reporter Roy Strom04 Sep 202400:43:21

In today's episode, I am joined by Roy Strom, Big Law reporter and columnist at Bloomberg Law. Roy shares his journey into legal journalism, the complexities of reporting on the legal industry, and the unique challenges faced by large law firms in today's market. 

The conversation explores the business dynamics of law firms, the influence of AI, and the evolving role of legal professionals in managing firm strategy and profitability. This episode is packed with insights for attorneys navigating their careers in large law firms, especially those interested in understanding how journalists covering the legal industry approach their subject.


At a Glance:

  • 00:00 - 00:00:51 - Introduction and overview of the episode's focus on Big Law and media coverage

  • 00:51 - 02:26 - Roy Strom's background and his journey into legal journalism

  • 02:26 - 06:19 - Roy's early career aspirations and transition from sports journalism to legal reporting

  • 06:19 - 08:07 - Similarities between covering the legal industry and sports

  • 08:07 - 13:50 - How the legal market and law firms are unique in the business market

  • 13:50 - 16:01 - How change has or hasn't accelerated in law firms due to external pressures

  • 16:01 - 22:01 - Shifts in compensation models and the impact on law firm culture and partner dynamics

  • 22:01 - 25:19 - The growing divide within the legal industry and the role of business of law professionals

  • 25:19 - 35:31 - Challenges in covering the legal industry from a journalistic perspective

  • 35:31 - 40:21 - Current trends in legal journalism, including the focus on AI 

  • 40:21 - 42:32 - Roy Strom's thoughts on what's ahead for Big Law in 2024 and beyond

  • 42:32 - 43:05 - Closing remarks and where to find more of Roy's work

Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

 

How to reach Roy Strom
rstrom@bloombergindustry.com


Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#35: How to Make Your Practice Stand Out in BigLaw28 Aug 202400:10:26

In today's episode, I discuss the essential strategies for lawyers in large law firms to stand out and succeed. The key areas I cover include delivering practical solutions, understanding the intersection of legal and business needs, admitting knowledge gaps, staying responsive, and maintaining a professional demeanor.


At a Glance:

  • 00:00-01:00 Introduction and overview of the episode's focus on practical solutions for lawyers

  • 01:00-02:02 The importance of offering practical solutions to complex problems

  • 02:02-05:12 Understanding and integrating client business needs into legal advice

  • 05:12-07:02 The value of admitting what you don't know and a willingness to learn

  • 07:02-09:00 The importance of responsiveness and communication in managing client relationships

  • 09:00-10:09 Why being a respectful and collegial lawyer matters for your reputation

Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.


Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#34: Individual Marketing Strategies for BigLaw Associates21 Aug 202400:15:27

In today's episode, I focus on the real challenges you face as a lawyer trying to build your personal brand in a large law firm. While these firms spend a lot on marketing and business development, those efforts are usually aimed at promoting the firm, not you. I break down why this happens and what you can do about it. From making the most of LinkedIn to finding your own publishing and speaking opportunities, I offer specific steps you can take to stand out in a crowded field.

At a Glance:

  • 00:00-01:20 Introduction and overview of the challenges in personal branding within big law

  • 01:20-02:20 Limited support from law firms' marketing and business development departments for individual lawyers.

  • 02:20-03:12 The impact of high turnover in law firm marketing teams post-COVID.

  • 03:12-04:29 Why law firms focus on their brand over individual attorneys.

  • 04:29-06:01 Comparing law firm marketing budgets with other industries and their impact on individual marketing.

  • 06:01-07:17 The inefficacy of traditional law firm marketing channels like event sponsorships.

  • 07:17-08:39 The underutilization of modern marketing tools like podcasting and LinkedIn in law firms.

  • 08:39-09:45 How senior partners dominate marketing resources, leaving junior lawyers behind.

  • 09:45-10:50 Practical steps for enhancing LinkedIn profiles and online presence.

  • 10:50-13:13 The value of seeking external publishing and speaking opportunities.

  • 13:13-14:48 Importance of having a concise professional pitch ready at all times.

Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.


Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#33: From Associate to Practice Group Leader: Lessons from Cannabis Law Trailblazer Sarah Blitz14 Aug 202400:36:54

In today's episode, I am joined by Sarah Blitz, a senior associate at Sheppard Mullin and co-founder and leader of Sheppard Mullin's Cannabis Industry Team. She shares her journey from law school to becoming a recognized leader in the legal cannabis space, offering insights into how she merged her personal interests with her professional ambitions. We delve into the challenges of building a practice in a nontraditional area, the importance of being aware of broader industry trends, and the value of staying flexible and proactive in your legal career. Sarah's story demonstrates the power of entrepreneurial thinking in BigLaw and provides valuable guidance for associates looking to carve out their own niche.

At a Glance:

  • 01:20 - 02:08 Introducing Sarah Blitz and her role at Sheppard Mullin

  • 02:08 - 04:00 Sarah's path from law school to Sheppard Mullin

  • 04:00 - 06:07 Discovering her passion for litigation and personal development

  • 06:07 - 09:02 The intersection of personal interests with professional practice

  • 09:02 - 12:16 Building a cannabis practice: From idea to implementation

  • 12:16 - 14:23 Overcoming resistance and planning for pushback

  • 14:23 - 16:09 Making the business and ethical case for a cannabis practice

  • 16:09 - 18:22 The importance of understanding market trends and client needs

  • 18:22 - 19:21 Advice for associates on career development and flexibility

  • 19:21 - 22:52 The importance of identifying and cultivating a unique expertise

  • 22:52 - 24:00 Balancing litigation work with advisory roles in the cannabis sector

  • 24:00 - 27:06 Navigating the complexities of legal services in a new industry

  • 27:06 - 30:20 Diversity in the cannabis industry and client engagement

  • 30:20 - 32:05 Sarah's vision for the future of her career

  • 32:05 - 35:56 Sarah's approach to balancing professional and personal life

 

Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

 

How to reach Sarah Blitz

sblitz@sheppardmullin.com

https://www.linkedin.com/in/sarahakblitz

www.sheppardmullin.com/sblit


Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

 

#32: Why You Need to Know Your Economic Value for Your Law Firm07 Aug 202400:16:32

In today's episode, I talk about why you need to know your economic value for your firm and how you measure it. In the modern law firm environment, especially within large law firms, understanding the business of law is as crucial as mastering your legal practice. We'll explore how to identify the financial metrics that firms use to evaluate your performance, the importance of aligning your contributions with your firm's financial goals, and practical strategies to ensure your value is recognized and rewarded.

At a glance:

  • 00:00:00 – Introduction 

  • 00:01:19 – Importance of understanding your economic value in a large law firm

  • 00:01:49 – How law firms evaluate economic contributions and the factors that contribute to it

  • 00:03:10 – Key metrics and financial measures used by firms to assess value

  • 00:03:30 – Challenges junior lawyers face in understanding firm economics

  • 00:04:39 – Adapting to changing financial expectations within a firm

  • 00:06:08 – Firm's regular financial evaluations and their impact on lawyers

  • 00:07:22 – Seeking resources to understand and navigate firm metrics

  • 00:09:07 – Importance of aligning with the firm's financial goals and using internal resources

  • 00:10:22 – Evaluating your own performance and understanding client retention and profitability

  • 00:12:09 – Senior associate considerations and client billing rates

  • 00:13:23 – Partner-specific financial responsibilities and profitability

  • 00:14:32 – Final thoughts on understanding the business side of law and advocating for oneself

Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.


Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#31: Building Effective Practice Management in BigLaw with Tara Kim Eberhart31 Jul 202400:37:28

In today's episode, I am joined by Tara Kim Eberhart, Head of Business Innovation at Dentons US. Tara coordinates the day-to-day business operations of the national Intellectual Property & Technology, Energy, Federal Regulatory and Capital Markets Practice Groups. Working closely with the Firm Chief Executive Officer, Managing Partner, Chief Practice Officer and Practice Group Leaders, she also plays a critical role in executing the Firm's strategic plan and delivering on revenue and profitability objectives. During our conversation, Tara shares her journey from being a biochemical patent litigation paralegal to leading the strategic integration of practices at one of the world's  largest law firms. 

We discuss the evolution of practice management, the importance of technology in legal operations, and how Dentons approaches innovation to enhance efficiency and client collaboration. 

 

At a glance:

  • 00:00 - 00:01:09 - Introduction by Laura Terrell

  • 01:10 - 00:02:08 - Overview of practice management challenges in law firms

  • 02:09 - 00:03:05 - Introduction of guest, Tara Kim Eberhart

  • 03:06 - 00:04:18 - Tara's professional journey and initial experiences

  • 04:19 - 00:05:03 - Transition from a small firm to a larger law firm

  • 05:04 - 00:06:00 - Tara's role and responsibilities at Dentons

  • 06:01 - 00:07:16 - Integrating technology and innovation in practice groups

  • 07:17 - 00:08:03 - Collaborating with clients to enhance information exchange

  • 08:04 - 00:10:16 - Example of document routing and distribution innovation ("ECFX")

  • 10:17 - 00:11:14 - Importance of leveraging technology over manual processes

  • 11:15 - 00:12:28 - Practical impact of new tools and technologies

  • 12:29 - 00:14:09 - Empathy and credibility in process design

  • 14:10 - 00:16:02 - Definition and scope of practice management at Dentons

  • 16:03 - 00:17:36 - Supporting partners and practice group leaders

  • 17:37 - 00:19:20 - Role of practice management in associate career development

  • 19:21 - 00:20:50 - Collaborative approach to associate evaluations

  • 20:51 - 00:21:48 - Integrating financial insights with practice management

  • 21:49 - 00:24:40 - Changes in paralegal and legal assistant roles

  • 24:41 - 00:26:55 - Continuous training and upskilling in the legal industry

  • 26:56 - 00:29:41 - Challenges in gaining trust and collaboration with attorneys

  • 29:42 - 00:31:00 - Importance of understanding attorney priorities

  • 31:01 - 00:33:20 - Hub and spoke model in practice management

  • 33:21 - 00:35:00 - Personalized support for practice group leaders



Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

 

How to reach Tara Eberhart:


https://www.linkedin.com/in/tara-kim-eberhart-b939924

tara.eberhart@dentons.com


Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#30: The Ultimate In-House Training Program: Insights from Husch Blackwell's Joe Glynias24 Jul 202400:35:01

In today's episode, I am joined by Joe Glynias, chair of Husch Blackwell. He is based in St. Louis and focuses his practice on employment law. As a former Executive Board member, Joe helped modernize the firm's evaluation metrics and became Husch Blackwell's chair on April 1, 2024. He co-led the launch of HB In-House, a unique career development program designed to help lawyers transition to in-house roles and enhance client service.

We discuss how law firm lawyers can better understand in-house roles to enhance client service and prepare for potential transitions to in-house positions. Joe shares insights into HB In-House and how this program not only provides educational modules but also opportunities for secondments and job matching, offering a comprehensive approach to professional development. 

Our conversation illustrates innovative ways law firms can better serve their clients and their lawyers with structured professional development programs and fostering open career path discussions.

 

At a glance:

  • 00:00 – Introduction by Laura Terrell

  • 00:20 – Understanding in-house roles

  • 03:18 – Joe Glynias's professional background and journey

  • 05:08 – Overview of the HB In-House program

  • 07:00 – Detailed breakdown of the program's curriculum

  • 08:44 – Eligibility and application process for the program

  • 10:24 – Client involvement and feedback on the program

  • 12:32 – Importance of understanding client businesses

  • 15:09 – Building better client relationships

  • 17:06 – Historical approach vs. current structured program

  • 18:33 – Handling job placement and matching

  • 20:30 – Enhancing internal conversations about in-house transitions

  • 22:06 – Feedback from alumni and in-house mentors

  • 23:24 – Importance of maintaining strong alumni relationships

  • 24:36 – Philosophical approach to client relationships

  • 25:49 – Industry response and future growth of the program

  • 28:05 – Delivery methods and cohort relationships

  • 29:11 – Future plans and potential curriculum pivots

  • 32:15 – Husch Blackwell's business approach and leadership



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Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

 

How to reach Joe Glynias:

joe.glynias@huschblackwell.com

https://www.linkedin.com/in/joe-glynias

http://www.huschblackwell.com 

 

 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#47: Strategies for Thriving Through Law Firm Mergers20 Nov 202400:20:11

In this episode, I delve into the challenges lawyers encounter when their firms go through mergers. Drawing from my experience as an equity partner in global firms, I discuss the often-overlooked aspects of these transitions, such as managing new technology systems, navigating office relocations, embracing new branding, and adapting to shifts in leadership. 

I also touch on the practical steps lawyers can take to protect client relationships, manage origination credits, and align with the evolving firm culture. My goal in this episode is to give you actionable strategies for staying ahead and safeguarding your career when major changes come your way. 

At a Glance:

  • 00:00 - Introduction to today's episode

  • 01:20 - Overview of recent law firm mergers and their impact on market power

  • 02:14 - Initial changes post-merger: technology, office location, branding, and leadership shifts

  • 04:16 - Navigating new office space dynamics and hot desking

  • 05:03 - Challenges with firm rebranding and identity alignment

  • 05:30 - Leadership restructuring and its implications for legal teams

  • 06:12 - The importance of assessing fit within the newly merged culture

  • 07:24 - Evaluating potential downsizing in business and legal operations roles

  • 09:02 - Staying informed through firm meetings and assessing post-merger shifts

  • 09:55 - Managing client conflicts and ethical considerations during mergers

  • 11:01 - Risks and considerations for equity partners under new firm structures

  • 12:43 - Complexities of multinational firm mergers and compensation variances

  • 14:29 - Opportunities for career growth and new business in merged firms

  • 15:04 - Building connections with new colleagues and collaborating effectively

  • 16:17 - Retaining origination credit and client relationship management

  • 18:12 - Client insights into new colleagues: building trusted alliances

  • 19:02 - Proactive strategies for adapting to the evolving firm landscape


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Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#29: More of What Associates Are Asking About Big Law17 Jul 202400:19:49

In today's episode, I discuss more of the pressing questions and challenges that associates in large law firms frequently face, including how to handle situations such as contemplating a job change without a new position lined up, understanding the critical importance of billable hours, navigating the realities of unlimited PTO, and finding a fulfilling role in big law without becoming a rainmaker.


At a glance:

  • 02:25 - Temporary vs. permanent need for a break

  • 03:09 - Exploring family medical leave and sabbaticals

  • 04:24 - Considering a permanent break and understanding its implications

  • 05:09 - Financial preparedness and exploring options before making a decision

  • 06:40 - The reality and expectations of billable hours in large law firms

  • 07:54 - Consequences of not meeting billable hours and proactive measures

  • 08:55 - Addressing non-billable work and taking steps to increase billable hours

  • 10:30 - Understanding the professional expectations behind unlimited PTO

  • 11:51 - Balancing time off with client obligations

  • 12:34 - Preparing in advance for taking PTO and setting boundaries

  • 12:59 - Realities of unlimited PTO in big law and planning for feasible time off

  • 16:03 - Roles and opportunities for attorneys not interested in business development

  • 16:57 - Exploring non-equity partner positions and other firm roles

  • 17:25 - Evaluating firms based on their expectations and your career aspirations



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Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#28: How to Move Forward After Being Let Go10 Jul 202400:15:47

In today's episode, I share actionable advice on how to handle being laid off, from the importance of understanding any severance agreement to securing references, and updating professional profiles. I discuss the importance also of maintaining professional relationships, and preparing a clear explanation for future employers about why you left your prior firm.

My goal is to prepare you to be in a strong position when you part ways with your firm, so that you have a clear plan for securing your next role.

 

At a glance:

  • 01:09 -  Navigating layoffs in big law firms post-pandemic

  • 01:38 - Reasons for layoffs and the importance of not taking it personally

  • 02:38 - Immediate steps after being laid off: reviewing severance agreements

  • 03:26 - Key considerations in severance agreements, including non-disclosure clauses and severance pay

  • 04:44 - Negotiating terms of severance agreements and outplacement services

  • 05:28 - Handling personal files and client materials upon departure

  • 06:15 - Securing references from colleagues and supervisors before leaving

  • 07:17 - The importance of reaching out to mentors and supporters for references

  • 08:16 - Broadening the net for references, including clients and former colleagues

  • 08:50 - Updating employment status on LinkedIn and with professional associations

  • 10:20 - Ensuring accurate representation of current employment status

  • 11:02 - Preparing a clear and concise explanation for job departures

  • 12:13 - Crafting and practicing your "elevator speech" for potential employers

  • 14:11 - The importance of feeling confident and prepared during job transitions

  • 14:59 - Conclusion and encouragement to stay informed and prepared



Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#27: Don't Ignore the Importance of Your Self-Evaluation in Big Law03 Jul 202400:16:24

In today's episode, I share personal experiences and practical strategies to help lawyers prepare for the often-dreaded self-evaluation process. I discuss the importance of using self-evaluations as an opportunity to highlight your accomplishments and craft a compelling narrative that showcases your strengths. I also discuss the value of keeping a detailed tracker throughout the year, seeking feedback on drafts, and preparing effectively for in-person evaluation meetings. 

My goal is to reduce the fear and overwhelm surrounding this process by teaching you how to take a proactive, strategic approach to organizing and preparing for your self-evaluation throughout the year.

 

At a glance:

  • 00:33 - The challenge of self-evaluations

  • 02:06 - Importance of self-evaluations

  • 02:32 - Leveraging self-evaluations

  • 03:34 - Advice on specific examples and context

  • 05:00 - Keeping a tracker

  • 06:45 - Documenting feedback

  • 08:10 - Setting and tracking goals

  • 08:56 - Getting feedback on drafts

  • 10:24 - Detailing specifics

  • 13:13 - Reflecting on accomplishments

  • 14:38 - Preparing for future moves



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Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

 

#26: How Lawyers Can Stop Annoying Their Clients26 Jun 202400:18:07

In today's episode, I share some of the common mistakes lawyers make that can irritate clients and damage their chances for continuing to obtain work from those clients. These mistakes include how lawyers speak to and treat their clients, billing errors or unauthorized charges, a lack of attention to client preferences, and making assumptions rather than soliciting feedback. 

 

At a glance:

  • 01:20 - Common mistakes that irritate clients

  • 02:18 - Talking down to clients and its repercussions

  • 04:11 - Importance of understanding business concerns

  • 04:51 - Poor billing practices and how to avoid them

  • 08:01 - The importance of listening to clients

  • 09:11 - Adhering to client directives

  • 09:55 - Making every client feel important

  • 11:34 - Avoiding miscommunication and seeking clarification

  • 13:41 - The value of soliciting client feedback


Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#25: How Associates Can Improve Business Development Skills19 Jun 202400:14:41

In today's episode, I share insights into business development strategies that are crucial for junior and senior attorneys in big law firms, including the importance of distinguishing oneself through unique insights, personalized approaches, and intentional networking. 

 

At a glance:

  • 01:11 -  Overview of the episode's focus on business development

  • 01:43 - Common but insufficient business development advice

  • 02:05 - Step 1: Share unique insights and avoid generic client alerts

  • 03:03 - Step 2: Personalize your approach to client outreach

  • 06:08 - Step 3: Find cost-effective connection opportunities

  • 07:05 - Step 4: Tailor your approach to meet specific client needs

  • 09:02 - Step 5: Discard ineffective strategies and adapt to changes

  • 10:15 - Step 6: Use time intentionally and focus on high-ROI activities

  • 12:05 - Knowing when to pivot and reassess business development efforts


Rate, Review, & Follow on Apple Podcasts

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. Click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode!

Also, if you haven't done so already, follow the podcast! A new episode releases every week! Follow now!

 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#24: Moving Your Career to Another Country with Amanda Raad12 Jun 202400:42:30

In today's episode, I am joined by Amanda Raad, co-leader of Ropes & Gray's Global Anti–Corruption and International Risk Practice and co-founder of R&G Insights Lab. Amanda shares her experiences of moving her practice from the US to London, the challenges and opportunities that came with that pivot, and how she successfully navigated the path to partnership along the way. She also discusses the importance of understanding firm culture, the strategic benefits of qualifying in a new jurisdiction, and the development of Ropes & Gray's Insights Lab. 

Learn the importance of embracing new opportunities and fully committing to them as a unique way to bolster your professional integration and growth in a new market.

 

At a glance:

  • 02:02 - Amanda's role and expertise at Ropes & Gray

  • 03:02 - Amanda's journey from Indiana to London

  • 05:08 - Motivation and support for moving to London

  • 07:15 - Commitment and integration into the UK legal system

  • 09:20 - Importance of qualifying as a solicitor in England and Wales

  • 11:49 - Building relationships and understanding the UK legal market

  • 13:39 - Balancing US and UK legal practices

  • 16:15 - Amanda's promotion to partner and its impact

  • 18:08 - Developing client relationships and growing a practice

  • 20:23 - Building a US and UK qualified team at Ropes & Gray

  • 22:23 - Challenges and benefits of cross-border work

  • 24:42 - Personal reflections on ten years in London

  • 27:02 - Overcoming setbacks and staying committed

  • 30:19 - Advice for attorneys considering international moves

  • 33:13 - Balancing personal life and professional commitments

  • 34:07 - Overview of Ropes & Gray's Insights Lab


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Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. Click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode!

Also, if you haven't done so already, follow the podcast! A new episode releases every week! Follow now!


How to reach Amanda Raad:

Amanda.Raad@ropesgray.com

LinkedIn - https://www.linkedin.com/in/amanda-raad-947a194

 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#23: Personal Tax Planning for Equity Partners with Kelley Brubaker05 Jun 202400:37:08

In today's episode, I am joined by Kelley Brubaker, a CPA advising attorneys and their firms, and the host of the "Your Profitable Law Firm" podcast.  Kelly shares how law firm shareholders and owners can better approach tax planning, budgeting, and the transition from W-2 employees to equity partners. 

Learn how to manage unpredictable income, set up multiple bank accounts for better financial management, and the importance of early consultation with tax professionals. 

 

At a glance:

  • 02:32 - Kelly Brubaker's experience transitioning from Big Four to owning her own firm

  • 04:30 - The importance of understanding tax implications when transitioning to an equity partner

  • 07:15 - Understanding the financial and tax changes when becoming an equity partner

  • 09:14 - Explanation of K-1 forms and tax responsibilities for equity partners

  • 10:29 - Importance of early tax planning and quarterly payments to avoid penalties

  • 12:37 - High interest rates and penalties for not paying taxes properly

  • 13:37 - Advice on consulting tax professionals immediately upon making partner

  • 14:45 - Managing unpredictable distributions and setting up bank accounts for different financial purposes

  • 16:38 - Planning for capital calls and understanding their tax implications

  • 18:15 - Managing unpredictable income and expenses throughout the year as a partner

  • 19:56 - Using the Profit First methodology to manage finances and tax obligations

  • 22:17 - Setting up bank accounts for specific expenses

  • 24:08 - Explanation of basis and its tax implications for partners

  • 25:25 - Importance of separating personal and business expenses for tax purposes

  • 26:53 - Misconceptions about business deductions and the impact of the 2017 tax code changes

  • 28:32 - Tracking business expenses and using technology to manage finances

  • 29:46 - Common financial mistakes new partners make and how to avoid them

  • 31:10 - The need for continuous involvement and awareness of firm finances

  • 32:19 - Understanding state and local tax implications when firms expand to new jurisdictions


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Also, if you haven't done so already, follow the podcast! A new episode releases every week! Follow now!


How to reach Kelley Brubaker:

 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

 

#22: Why You Should Leave Your BigLaw Firm29 May 202400:20:03

In today's episode, I share critical factors lawyers should consider when thinking about whether to leave their current law firm. These include the various challenges and frustrations lawyers face, such as promotion paths, practice area prioritization, support within the firm, financial metrics, client contact, and alignment with personal values. 

I provide actionable insights for lawyers at a crossroads in their careers, helping them evaluate their current positions and consider alternative options for professional growth and satisfaction.

 

At a glance:

  • 01:20 - Key factors to consider when thinking about leaving your law firm

  • 02:00 - Common reasons for lawyer turnover in big law firms

  • 03:16 - Challenges with the promotion path and partnership

  • 05:17 - Impact of firm's practice area prioritization on career progression

  • 07:56 - Importance of having the right supporters or champions within the firm

  • 09:30 - Financial metrics and profitability expectations in law firms

  • 11:01 - The pressure of developing business and securing clients

  • 12:03 - Lack of direct client contact and its impact on career advancement

  • 13:08 - The misalignment of firm's values and priorities with personal goals

  • 15:11 - Evaluating alternative options for professional growth

 

Rate, Review, & Follow on Apple Podcasts

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. Click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode!

Also, if you haven't done so already, follow the podcast! A new episode releases every week! Follow now!


Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#21: LinkedIn for Lawyers with Annette Choti22 May 202400:36:58

In today's episode, we discuss the strategic use of LinkedIn for lawyers with Annette Choti, an attorney and the Founder of Law Quill, a full-service legal marketing agency, and Click Magnet Academy, where she teaches professionals how to leverage LinkedIn. 

Annette shares insights into creating a compelling LinkedIn profile, the importance of content, and how to utilize LinkedIn as a powerful networking tool. Whether you're looking to establish your presence or enhance your professional brand, this episode is packed with practical advice tailored for legal professionals navigating the BigLaw landscape.

 

At a glance:

  • 01:21 - Annette's journey from theater to law and digital marketing

  • 02:15 - Annette's Career transition from government to founding Law Quill

  • 04:15 - Addressing the gap in understanding legal compliance and marketing

  • 06:13 - How Law Quill differentiates itself from other marketing agencies

  • 08:21 - Creating engaging and authentic social media content

  • 11:18 - The significance of LinkedIn for lawyers

  • 14:15 - Key steps to enhance your profile

  • 16:03 - Tips for creating relevant and engaging posts

  • 19:21 - ChatGPT and using AI to inspire content ideas

  • 23:05 - Navigating firm policies and personal branding on LinkedIn

  • 26:56 - Practical steps to strategically pitch LinkedIn activities to firm management

  • 29:14 - Key actions lawyers can take to improve their LinkedIn presence

 

Rate, Review, & Follow on Apple Podcasts

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. Click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode!

Also, if you haven't done so already, follow the podcast! A new episode releases every week! Follow now!

 

How to reach Annette Choti: 
LinkedIn: https://www.linkedin.com/in/annettechoti

Email: annette@lawquill.com

The Legal Marketing Lounge Podcast: https://lawquill.com/podcast 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#20: Managing Your Legal Career with a Business Mindset15 May 202400:17:19

In today's episode, I share important aspects of approaching your legal career through the lens of a business mindset. 

This is an area where BigLaw can fail to help attorneys who need to know that the practical realities of practicing law require more than what you learned in law school.  

Problems arise when lawyers aren't educated about how they fit into the firm's overall profile and when individual lawyers can't identify how their business goals and ambitions match the firm, company or other organization that they are working in. So it's time to get smart on how to have a more business-focused approach.

 

At a glance:

  • 01:40 - The importance of understanding the business model of your law firm and aligning it with your personal goals

  • 03:05 - How to cultivate a business mindset and why it's crucial for career progression in BigLaw

  • 04:07 - Challenges lawyers face when their contributions don't align with the firm's business needs and potential consequences

  • 06:01 - Tips to avoid career pitfalls by actively understanding and engaging with the firm's business strategies

  • 07:51 - The significance of aligning with your clients' business needs and building deeper, more strategic relationships

  • 09:53 - The broader impacts of understanding your industry and client's business landscape on legal practice

  • 11:57 - The importance of being adaptable and willing to pivot your legal practice in response to changing market demands

  • 14:28 - Maintaining a proactive approach to your career in BigLaw, leveraging a business mindset

 

Rate, Review, & Follow on Apple Podcasts

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. Click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode!

Also, if you haven't done so already, follow the podcast! A new episode releases every week! Follow now!

 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#46: Key Client Insights Your BigLaw Competitors Are Missing13 Nov 202400:12:33

In today's episode, I'm diving into the essential questions lawyers in large law firms should be asking their clients to strengthen relationships, retain business, and gain a deeper understanding of client expectations. I'll share how law firms often miss out on valuable client feedback and provide a practical roadmap to get candid insights on everything from hiring processes to building meaningful connections and staying competitive in the legal landscape. Through specific examples, I'll guide you on how to position yourself as a trusted advisor and invaluable partner to your clients.

At a Glance:

  • 00:00 - Introduction to today's episode 

  • 01:20 - Insights from a recent conference on client-centric practices  

  • 02:08 - Understanding a client's process for selecting outside counsel  

  • 03:11 - How assumptions about client selection can harm relationships  

  • 04:12 - Exploring various bidding processes in client hiring  

  • 05:17 - Importance of postmortem discussions, whether hired or not  

  • 06:28 - Address the fear of client feedback as a growth tool  

  • 07:13 - Bring in business professionals to gather client feedback  

  • 08:18 - Frame questions to learn about competitors constructively  

  • 09:17 - Essential factors beyond legal skills clients look for  

  • 10:21 - Be prepared for potential negative client feedback  

  • 11:07 - Recognize specific client needs that may exclude certain firms  

  • 11:30 - Final thoughts on feedback as a tool for improving client relationships


Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#19: What Associates Are Asking About BigLaw08 May 202400:20:12

In today's episode, I share my insights on difficult questions BigLaw associates frequently ask. 

While your law firm readily provides guidance regarding edits to memos, formal evaluations, and instructions about how to enter and close time, there is a lot more to life in a big law firm, and many of those questions are difficult to raise. 

In this episode I discuss how to know whether or not it's time to leave your firm early in your career, tips to navigate switching practice areas well, how to manage your workload and talk to partners about capacity, and more.

 

At a glance:

  • 01:46 - Addressing tough questions about firm dynamics and personal career paths

  • 02:30 - Deciding whether to stay at or leave a law firm early in your career

  • 05:14 - Challenges of managing client demands in private practice and moving in-house

  • 07:13 - Strategies for handling disputes about your billed time and work

  • 11:05 - How to handle leaving a firm with a toxic work environment

  • 14:12 - Considerations for switching practice areas within law

  • 16:28 - Managing workload and communicating with partners about capacity


Rate, Review, & Follow on Apple Podcasts

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. Click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode!

Also, if you haven't done so already, follow the podcast! A new episode releases every week! Follow now!

 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

 

#18: Six Things That Improve Your Legal Resume01 May 202400:16:09

In today's episode, I share another critical piece involved in the recruiting process — optimizing your resume. 

Updating your resume isn't easy and I've found there are some key areas to focus on that can make a big difference. I break down each of the components of a strong legal resume, from the strategic placement of key achievements to the nuances of listing your legal experiences. I also provide actionable advice on how to leverage your legal background effectively to stand out in a competitive BigLaw job market.

 

At a glance:

  • 00:01:45 - The importance of a well-crafted resume and initial tips for refining it.

  • 00:02:10 - Ensuring consistency across different professional profiles (LinkedIn, law firm bios).

  • 00:04:35 - Addressing employment gaps and the importance of explaining any time away.

  • 00:06:24 - Tailoring resumes to highlight specific experiences relevant to the job application.

  • 00:09:11 - Avoiding overselling or underselling skills on resumes.

  • 00:11:47 - The critical need for proofreading and maintaining consistent details throughout the resume.


Rate, Review, & Follow on Apple Podcasts

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. Click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode!

Also, if you haven't done so already, follow the podcast! A new episode releases every week! Follow now!

 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

 

#17: Big Law Lateral Recruiting Strategies with Kristina Lambright24 Apr 202400:48:41

In today's episode, I discuss lateral growth, integration, and profitability strategies with Kristina Lambright, Associate Director of Lateral Recruiting at Jones Day. 

Kristina spent a decade as a litigator before moving into a role developing and leading the pricing and legal project management (LPM) efforts at three AmLaw 50 firms, focusing on revenue growth and profitability. For the past five years, Kristina has overseen lateral partner hiring and integration.

 

At a glance:

  • 01:20 - Kristina's transition from practicing litigator to taking on business roles within law firms

  • 02:44 - Kristina's career journey, highlighting the shift from practicing law to focusing on pricing and LPM to enhance law firm profitability and client engagement

  • 05:42 - The importance of integrating pricing strategies with lateral partner hiring to ensure law firm growth and operational support

  • 07:28 - Exploring the strategic roles of lateral recruiting and practice management in law firms, emphasizing profitability and client service alignment

  • 10:23 - Challenges and strategies in aligning firm-wide priorities, particularly in managing and integrating lateral hires and practice growth

  • 12:07 - Nuances of internal versus external recruiting processes and their impact on law firm dynamics and strategic hiring - what to expect when working with an internal v. external recruiter

  • 14:41 - How law firms approach lateral hiring, including looking at office needs as well as practice needs

  • 17:03 - The importance of a firm's strategic plan for lateral moves and setting clear priorities within the firm to enhance targeted growth

  • 19:41 - How clarifying a firm's strategic priorities can impact successful lateral integration and practice development


How to reach Kristina Lambright: 

LinkedIn: https://www.linkedin.com/in/kristina-lambright-02a85718


Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

 

#16: Working Full-Time Remote in BigLaw with Jessica Brown17 Apr 202400:30:37

In today's episode, we discuss remote work, career transitions, and strategic moves with Jessica Brown, a labor and employment lawyer with Husch Blackwell who is part of The Link, Husch's virtual office.

Part of her journey in the law has included taking time away from practice to be a stay-at-home mom when her children were younger, along with a relocation that took her family from Washington, D.C. to Arizona. She has since returned to full-time legal practice, has sought to intentionally develop a career that is aligned with her strengths and values, and now works full-time remote through the Link.

Jessica shares her career journey, the flexibility of her current firm in accommodating life changes, the rarity of fully remote work in BigLaw and her firm's approach, and her efforts toward obtaining a coaching certification to work with female attorneys seeking more work-life balance.

 

At a glance:

  • 01:40 – Jessica discusses the rarity of fully remote roles in BigLaw and introduces her firm's unique approach

  • 03:00 – Jessica shares her career journey, including taking a break for family and relocating, highlighting the flexibility of her firm in accommodating life changes

  • 06:37 – Exploration of firm culture at Husch Blackwell, emphasizing the supportive environment for attorneys managing work-life balance

  • 12:16 – Details of "The Link", Husch Blackwell's innovative virtual office model, its growth, and the technological and community support provided

  • 18:33 – Misconceptions about productivity in remote work setups and the firm's approach to tracking and supporting productivity

  • 26:31 – Jessica talks about her transition to lower billable hours to start a coaching practice for women lawyers, supported by her firm.

 

Ways to reach Jessica Brown

https://www.huschblackwell.com/professionals/jessica-brown

LinkedIn: https://www.linkedin.com/in/jessicaivybrown

 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

 

#15: Keys to Making a Successful Lateral Move to a New Law Firm10 Apr 202400:15:08

In today's episode, we continue in our recruiting series and I share my own experiences in making a variety of lateral moves throughout my legal career, including the often overlooked aspects of aligning one's practice and client base with a prospective firm's existing operations.

I share my insights on conducting thorough due diligence, understanding the real dynamics of firm integration, and the critical importance of assessing not just the financial benefits but the strategic fit of a move. 

Whether you're a seasoned partner considering your next move or an associate aiming to climb the ranks within another firm, this discussion sheds light on the nuanced considerations that can make or break your transition in BigLaw.

At a glance:

  • 02:12 – Importance of research and understanding firm dynamics based on Laura's experiences making lateral moves

  • 03:27 – Importance of a firm's practice alignment with one's expertise and client base, including the potential for immediate work involvement and the long-term support for one's practice

  • 04:14 - Challenges of integrating into a new firm, including potential misalignments in expectations regarding work involvement and credit for work

  • 05:25 - Conduct thorough research and due diligence before making a move, including talking to current and former firm members about their experiences and the firm's culture

  • 07:31 - Understand potential legal and business conflicts with a new firm's client base

  • 08:25 – Considerations for attorneys looking to build a new practice in a firm, including the potential challenges and the firm's commitment to investing in the practice

  • 10:25 – Differences between lateral moves for partners and associates, including understanding the firm's expectations and the potential impact on one's career

  • 13:36 - Strategies for leveraging the lateral hiring process and interview interactions to ensure a successful move are shared

 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

 

#14: Partner Recruiting and Compensation with Jeffrey Lowe03 Apr 202400:48:38

In today's episode, we continue in our recruiting series and discuss partner recruiting and compensation with Jeffrey Lowe, founder of Jeffrey Lowe Partners, one of the top partner recruiters and advisors in the United States.

Jeffrey shares his journey from practicing law to recruiting, the importance of partner compensation knowledge, and provides insider advice for lawyers considering lateral moves. 

At a glance:

  • 03:49 - Jeffrey discusses his career transition from practicing law to becoming a recruiter

  • 06:16 - Insights into founding Jeffrey Lowe Partners and the impact of COVID-19 on the decision

  • 07:16 - The significance of passion in one's career and Jeffrey's advice for finding one's path

  • 09:06 - Discussion on associate life in big law firms and the trade-offs for high compensation

  • 11:17 - Post-COVID changes in big law firms, focusing on remote work and the challenges for associates and partners

  • 18:24 - The dynamics of partner moves in 2024, and the importance of platform and culture over compensation

  • 25:04 - Ethical considerations and the intricacies of lateral moves for partners

  • 30:17 - Strategies for law firms looking to grow and the importance of due diligence

  • 35:06 - Profitability and business generation as key factors for partners considering lateral moves

  • 45:05 - Final advice for partners looking to move: focus on platform and culture

Ways to reach Jeffrey Lowe

https://www.jlowepartners.com/about

jlowe@jlowepartners.com

LinkedIn:  linkedin.com/in/jeffreylowejlp         

 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#13: Career Transitions with Legal Recruiter Erin Sears (Part 2 of 2)27 Mar 202400:32:46

In today's episode, we bring back Erin Sears, Vice President at Garrison, a top legal recruiting firm, in Part 2 of our conversation to unpack some of the things many lawyers would like to understand about the recruiting process. Today we are focusing specifically on the transitions of partner candidates and government attorneys into new roles. 

At a glance:

  • 01:20 - Working with an outside recruiter

  • 01:40 - Expectations from a partner candidate

  • 02:02 - The importance of a portable book of business

  • 03:04 - strategic hires and the role of experience

  • 03:32 - Differences in partner roles and expectations

  • 04:13 - Identifying potential for growth at another firm

  • 05:57 - The value of a network in recruiting

  • 11:15 - Challenges for government attorneys moving to private practice

  • 30:32 - Market trends and demand in Washington, D.C. in 2024

 

Rate, Review, & Follow on Apple Podcasts

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. Click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode!

Also, if you haven't done so already, follow the podcast! A new episode releases every week! Follow now!
 


Ways to reach Erin Sears

LinkedIn: https://www.linkedin.com/in/erinsearslegalsearch

esears@g-s.com

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast 

#12 - Career Transitions with Legal Recruiter Erin Sears (Part 1 of 2)20 Mar 202400:34:20

In this episode, we tackle the critical yet often misunderstood role of legal recruiters in shaping your career trajectory. From finding the right recruiter to negotiating the leap to a new firm, we unveil insider strategies for lawyers aiming to navigate the competitive landscape of big law firms. Join us as we explore how engaging with recruiters can be a game-changer in your legal career, with exclusive insights from Erin Sears, Vice President with Garrison, a top legal recruiter. Whether you're actively contemplating a move or just curious about the market, this episode is your roadmap to understanding the nuanced dynamics of legal recruitment and how to leverage them for your career advancement.

 

At a glance…

[00:01:42] Laura discusses frequent questions about working with recruiters for lawyers considering moving to a private law firm.

[00:02:08] Erin Sears, Vice President at Garrison, shares her extensive background in law and transition to legal recruiting.

[00:05:11] Ideal timing for lawyers to engage with recruiters, highlighting the importance of starting early in one's career.

[00:08:20] Advice on choosing the right recruiter, emphasizing recommendations from professional networks and doing due diligence on the recruiter's professionalism and track record.

[00:10:46] Red flags to watch for when dealing with recruiters, such as incorrect practice area identification and overly aggressive behavior.

[00:14:03] Benefits of working with a recruiter versus making independent lateral moves, including managing the application process, timing, and negotiations.

[00:19:18] How recruiters assist in the negotiation process, and the value of having a recruiter advocate for the candidate.

[00:22:08] Honesty in recruiter-candidate relationships about the feasibility of certain law firm moves based on the market and the candidate's qualifications.

[00:28:24] Ensuring confidentiality during the job search process and the steps recruiters take to protect their candidates' privacy.

 

Rate, Review, & Follow on Apple Podcasts

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. Click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode!

Also, if you haven't done so already, follow the podcast! A new episode releases every week! Follow now!
 


Ways to reach Erin Sears

LinkedIn: https://www.linkedin.com/in/erinsearslegalsearch

esears@g-s.com

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast 

#11: How Associates Can Handle a Not-So-Great Evaluation13 Mar 202400:18:37

Receiving a not-so-great evaluation can be a shock to the system. In today's episode, I share practical strategies to help manage and leverage difficult feedback to effectively receive, interpret, and act on this information in a way that propels your career forward. 


At a glance…

00:01:20 - Challenges of receiving evaluations in diverse law firm cultures.

00:03:01 - Strategies for effectively managing and responding to feedback.

00:06:09 - Importance of reflection and asking for specific feedback to improve performance.

00:07:20 - Navigating vague feedback and seeking clarity for professional development.

00:09:21 - Discussing career aspirations and obtaining actionable steps for advancement.

00:14:12 - Significance of acting on feedback and the continuous pursuit of improvement.

00:17:04 - Summary of key strategies for managing evaluation feedback in law firms.

 

Rate, Review, & Follow on Apple Podcasts

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. Click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode!

Also, if you haven't done so already, follow the podcast! A new episode releases every week! Follow now!
 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/

Show notes: https://www.lauraterrell.com/podcast 

#10: More Metrics That Make or Break Your Legal Career07 Mar 202400:21:21

Understanding the business of law in BigLaw firms is critical, as I initially shared with you in Episode #3 – and in this episode I'm talking about some additional metrics - leverage and utilization rates - that need to be part of your practice management toolkit. And follow along as I discuss "The Truth About the Billable Hour"

A few takeaways …

  1.  Understanding Leverage: Leverage is important in your firm, but it has to be efficient in practice. The key is getting that pyramid to work so that lawyers at each level are able to maximize their billing and efficiency.
  2. The Dynamics of Growing Equity Partner v. Income Partner Ranks: How your firm approaches equity vs. income partner growth matters a lot for how your firm manages profitability, the ability to advance to partnership earlier in your career, and expectations for originating business.
  3. What Utilization Rates Mean for You: Monitoring your utilization rate can help firms see how well they are maximizing attorneys' time, but they can also help individual attorneys see more clearly just how many billable and non-billable hours are needed from you in a day. Utilization rates are also a great tool for self-assessment in aligning with firm expectations and managing personal workload/work-life balance.

At a glance…

- 00:00:32 - 00:00:50: The importance of understanding law firm culture and the business side of legal practice.0

- 00:01:46 - 00:05:18: Introduction of leverage and effective leverage in law firms, highlighting their impact on firm profitability and individual lawyers.

- 00:05:18 - 00:07:26: Trends in the partnership model, including the rise of income partners alongside equity partners.

- 00:07:26 - 00:09:17: The implications of firm profitability and leverage for non-partner lawyers.

- 00:09:17 - 00:11:31: Exploration of the utilization metric, its calculation, and its importance for individual lawyers.

- 00:11:32 - 00:13:49: Detailed analysis of billable vs. non-billable hours and their impact on lawyers' work-life balance.

- 00:13:49 - 00:19:43: Strategies for managing non-billable hours and improving work efficiency.

 

Rate, Review, & Follow on Apple Podcasts

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. Click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode!

Also, if you haven't done so already, follow the podcast! A new episode releases every week! Follow now!
 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

 

#45: BigLaw Insights from AmLaw Reporter Andrew Maloney06 Nov 202400:33:43

In today's episode, I dive into the significant trends and challenges shaping big law as we approach the end of 2024. Joining me is Andrew Maloney, a journalist at The American Lawyer who covers the economics and industry shifts impacting our profession. 

We discuss the rise of business-minded strategies within law firms, focusing on key topics like partner compensation trends, mergers, and the evolution of firm culture. Andrew shares his insights on how these developments are changing the landscape and what we might expect as we move into 2025. From the dynamics of cross-border mergers to the impact of non-equity tiers on firm profitability, this episode is full of valuable perspectives on what's next in big law.

At a Glance:

  • 0:00 - Introduction to today's guest, Andrew Maloney

  • 1:20 - Reflecting on the rapid changes in the legal industry in 2024

  • 2:19 - Andrew's path to legal journalism and focus on the business of law

  • 8:09 - Emergence of the "business of law" and its impact on firm dynamics

  • 12:05 - Major legal industry stories of 2024: top compensation trends and lateral moves

  • 14:51 - Increased competition among top law firms and strategic expansions

  • 15:52 - 2024 trends in law firm mergers and how they're reshaping firms

  • 19:05 - Laura's reflections on post-merger outcomes and growth sustainability

  • 22:44 - Case study: Chicago as an evolving legal market

  • 26:04 - Predicting significant trends in 2025

  • 28:09 - How upcoming elections may affect law firm talent acquisition and attrition

  • 31:05 - New emphasis on the non-equity partner model as a profitability strategy

  • 32:54 - Closing thoughts and a look ahead into 2025's legal landscape


Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

How to reach Andrew Maloney:

amaloney@alm.com 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#9: How to Move from Law Firm Partner to In-House Counsel with Savaria Harris28 Feb 202400:46:38

In today's episode, I'm joined by Savaria Harris, formerly a partner with Kirkland & Ellis and DLA Piper, who subsequently made a move to become an in-house legal advisor, first as Vice President in the legal department at Johnson & Johnson, and now as Associate General Counsel and Director for Health Care Compliance at Amazon. We discuss why she decided to move from a partner role in BigLaw to working in-house, and what she found to be key to making that move successfully. Savaria also shares how her business-focused interests have impacted her legal career, and why giving back and making a difference is important to her. She also talks about her experience as a co-founder of the Unlocked Foundation, a 501(c)(3) focused on empowering women to close the wealth gap in their own lives.

Savaria offers valuable advice for lawyers considering a similar path to make a pivot from private practice to in-house, and her experience provides a unique perspective on staying business-focused as a way to increase your influence.

 

A Few Takeaways…

1. Openness to New Roles: Savaria advises lawyers to remain open to new opportunities, highlighting the importance of keeping an active profile on platforms like LinkedIn.

 

2. Proximity to Business Operations: For those transitioning in-house, choosing roles that are close to core business operations can be essential for career growth.

 

3. Adaptability and Interpersonal Skills: Success in in-house roles often hinges on the ability to adapt and effectively collaborate with diverse teams.

 

4. Viewing Career Changes Positively: Savaria suggests seeing career moves as a part of personal and professional development, rather than as a reaction to negative circumstances.

 

At a glance…

- 00:02:48: Insights into the transition from law firm to in-house roles.

- 00:04:51: Savaria's experiences at Kirkland & Ellis, DLA Piper, and Johnson & Johnson.

- 00:10:21: Choosing between litigation and regulatory roles.

- 00:14:03: Adapting to new roles and skill sets.

- 00:16:07: Transition to Amazon; networking and career development tips.

- 00:20:29: Importance of a comprehensive professional profile.

- 00:22:31: Qualities needed for transitioning from Biglaw to in-house.

- 00:32:03: Savaria's involvement with Unlocked, focusing on the women's wealth gap.

- 00:37:31: Alignment of personal values with professional roles.

- 00:41:28: Strategies for job interviews in legal roles.

- 00:44:28: Maintaining and enhancing a professional brand.

 

Rate, Review, & Follow on Apple Podcasts

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. Click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode!

Also, if you haven't done so already, follow the podcast! A new episode releases every week! Follow now!
 

Ways to reach Savaria Harris and Laura Terrell

Savaria Harris

LinkedIn: https://www.linkedin.com/in/savaria-harris-3030822a

The Unlocked Foundation: https://www.experienceunlocked.com/

 

Laura Terrell

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/

#8: Personal Financial Freedom with Jessica Medina21 Feb 202400:45:18

In today's episode, I'm joined by Jessica Medina, who graduated from Columbia Law School in 2004 as a single mom of twins with over $200,000 in student loans, and went straight to work at a BigLaw firm. After eight years in private practice, she switched roles and became Senior Counsel at the Division of Enforcement with the US Securities and Exchange Commission. She left that role to work in the financial industry in a different way and is now an Accredited Financial Counselor who teaches other lawyers how to use their money to finance their dream lives.

In today's conversation, Jessica shares her personal journey and professional insights, offering invaluable guidance for lawyers who have the pressures of BigLaw life, are paying student loans, and generating a high income, but want to achieve financial stability and freedom.  

 

A Few Takeaways…

1. Be Intentional with Career and Financial Choices: Understand why you are in your current position and align your actions with your long-term goals. This means making strategic decisions about lifestyle and finances to avoid getting trapped in a situation that doesn't align with your future aspirations.

 

2. Understand the Impact of Lifestyle on Finances: Many lawyers spend on convenience due to time constraints, which can lead to unintentional financial strain. Being mindful about where your money goes, especially as your salary increases, so that you can prevent unnecessary financial stress.

 

3. Prepare for Career Transitions with Financial Planning: If you're considering a shift in your career, especially one that might result in lower income, it's crucial to prepare financially. This might involve downsizing or re-evaluating your spending to make the transition smoother.

 

4. Seek Professional Guidance for Financial Management: Many lawyers lack formal education in personal finance management. Seeking advice from financial professionals can provide clarity, help in developing a comprehensive plan for managing debt (like student loans), and aid in aligning your spending with your life priorities.

 

At a glance…

- [00:04:21 - 00:05:40]: Jessica's journey from law to financial counseling and the challenges faced.

- [00:06:02 - 00:06:44]: Financial mismanagement among lawyers.

- [00:14:39 - 00:15:19]: Emotional and financial challenges of leaving the legal profession.

- [00:16:57 - 00:17:41]:  How lifestyle choices impact financial freedom for attorneys.

- [00:22:44 - 00:23:37]: Common financial mistakes by lawyers.

- [00:31:37 - 00:32:31]: Exploring the benefits available to attorneys and their impact on personal finance.

- [00:39:24 - 00:40:28]: Final advice for lawyers considering career transitions and the importance of intentional financial planning.

 

Rate, Review, & Follow on Apple Podcasts

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. Click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode!

Also, if you haven't done so already, follow the podcast! A new episode releases every week! Follow now!
 

Ways to reach Jessica Medina and Laura Terrell

Jessica Medina

https://www.jessicamedinallc.com/

https://linkedin.com/in/jessicamedinallc

jessica@jessicamedinallc.com


Laura Terrell

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/

#7: Building Your Brand, Visibility, and Reputation to Advance Your BigLaw Career with Christie Bilbrey14 Feb 202400:44:04

In this episode, I'm joined by Christie Bilbrey to discuss personal branding and reputation management for attorneys in large law firms. Christie formerly worked in business development at Paul Hastings for seven years and is now a PR firm owner, brand strategist, and host of The Business That Story Built podcast. 

Today's conversation offers practical strategies for lawyers to distinguish themselves in the competitive landscape of big law, emphasizing the importance of personal brand development.

 

A few takeaways…

1. Understanding Personal Branding: Personal branding is about how others perceive you, suggesting that lawyers should focus on their unique strengths and achievements. Identify what clients, colleagues, and friends value most about you, to help in crafting a distinctive personal brand.

 

2. Building Media Relationships & Writing Effective Pitches: Focus on being a resource to others, especially journalists. Develop relationships with media professionals and provide them with concise, insightful comments to enhance your visibility and reputation while providing helpful information their readers will want to learn.

 

3. Leveraging Social Media: Use LinkedIn to showcase expertise and engage with relevant content to enhance your professional network and visibility.

 

4. Content Creation and Speaking Opportunities: Attorneys can expand their reach by creating diverse content on social media, podcasts, YouTube, blogs, and by seeking speaking engagements. Christie advises starting with personal networks and offering valuable insights to establish yourself as a thought leader.

 

At a glance…

- 00:05:16 - 00:09:50: Defining personal brands, identifying their key elements, and how to begin communicating your brand

- 00:09:50 - 00:11:29: Jumpstart your credibility in a niche with collaborations

- 00:14:05 - 00:18:12: Insights on developing relationships with media and sending effective pitches

- 00"18:12-00:21:32 What is content marketing and how should lawyers approach it?

- 00:22:13 - 00:30:26: Strategies for using LinkedIn and social media for brand building

- 00:32:29 - 00:35:58: How to find and get speaking opportunities

- 00:35:58-00:41:58  Additional branding tips and ideas to find inspiration for your brand and content

 

Rate, Review, & Follow on Apple Podcasts

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. Click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode!

Also, if you haven't done so already, follow the podcast! A new episode releases every week! Follow now!
 

Ways to reach Christie Bilbrey and Laura Terrell

Christie Bilbrey

christie@christiebilbrey.com

www.christiebilbrey.com 

10 Tips to Grow Your Reputation & Visibility as a Lawyer (Free download): https://bit.ly/legalreputation 

LinkedIn: https://www.linkedin.com/in/christiebilbrey/ 

Instagram: https://www.instagram.com/christiebilbrey

The Business That Story Built Podcast: https://podcasts.apple.com/us/podcast/the-business-that-story-built/id1468020215 

 

Laura Terrell

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

 

#6: Leveraging AI and Innovation in the Legal Industry with Greg Lambert & Marlene Gebauer07 Feb 202400:54:25

In this episode, I'm joined by Greg Lambert and Marlene Gebauer to discuss legal technology and innovation in the evolving landscape of legal technology. Greg is the Chief Knowledge Services Officer at Jackson Walker, where he oversees the strategy and operations of the library, research, and knowledge management functions. Marlene is the Assistant Director of Innovation at Mayer Brown, where she is part of an innovation team focused on identifying and delivering solutions that are key to the business success of clients and attorneys. They are co-founders of the award-winning blog 3 Geeks and a Law Blog and The Geek in Review Podcast, which address topics such as legal technology, innovation, creativity, and the future of law. 

Join us as we uncover the role of AI in transforming legal practices and the future of knowledge management in law. 

 

 A few takeaways…

Adapting to AI in Legal Workflows: AI and other legal tools are revolutionizing traditional legal tasks, making processes like research and document review more efficient. Lawyers in large firms can use these technologies to enhance their productivity and provide more value to clients.

The impact of AI on Legal Strategy and Decision-Making: AI is not just a tool for automation but a strategic asset that can influence legal outcomes. Lawyers need to understand AI's capabilities to better shape legal strategies and decision-making processes in complex cases. 

Navigating the Security and Ethical Challenges of AI: Lawyers need to be aware of the confidentiality and ethical implications AI and other legal technology tools bring, ensuring they stay compliant with legal standards and client expectations.

Integrating AI into Firm Culture and Training: Adopting AI is not just about the tools, but also about cultivating a culture that is open to innovation and continuous learning, something which is crucial for large law firms to remain competitive and efficient.

 

This episode at a glance…

[00:09:14 - 00:10:00]: Discussion on AI in legal practice and its evolution.

[00:14:27 - 00:14:52]: Challenges and opportunities of AI in the legal sector.

[00:15:36 - 00:16:37]: Adoption of generative AI in the legal industry.

[00:19:15 - 00:20:11]: State of AI in law firms and strategic applications.

[00:23:28 - 00:24:10]: Law firms' AI policies and attorney awareness.

[00:34:26 - 00:35:19]: Training and education regarding AI in law.

[00:41:55 - 00:42:19]: Addressing client concerns with AI in legal services.

[00:45:33 - 00:46:23]: Future focus areas in legal knowledge management.

 

Rate, Review, & Follow on Apple Podcasts

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. Click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode!

Also, if you haven't done so already, follow the podcast! A new episode releases every week! Follow now!
 

Ways to reach Greg Lambert, Marlene Gebauer, and Laura Terrell

Greg Lambert

LinkedIn: http://www.linkedin.com/in/grlambert

X: https://twitter.com/glambert 

 

Marlene Gebauer

LinkedIn: http://www.linkedin.com/in/marlenegebauer

X: https://twitter.com/gebauerm 

https://www.geeklawblog.com/

https://podcasts.apple.com/us/podcast/the-geek-in-review/id1401505293 

 

Laura Terrell

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/

#5: How to Make Partner in BigLaw31 Jan 202400:23:57

In this episode, I explore the journey to achieving partnership in big law firms, shedding light on the complexities and strategies required to navigate this process.

I guide you through the intricate maze of big law firm dynamics, expectations, and strategies for making partner. Dive into real-life stories, gain insights into firm politics, and learn practical tips to help pave your path to partnership.


A few takeaways…

Strategic Planning and Firm Culture Understanding: Making partner is not just about legal expertise, it's also about aligning your career strategy with the firm's culture and business objectives. Understanding the firm's values, power structures, and strategic goals enables you to tailor your approach to work, relationships, and professional development, ensuring you're not just a legal expert but a valuable asset aligned with the firm's vision.


Building a Strong Internal Network: Finding the most effective path to partnership requires more than just hard work. You need to cultivate mentors and sponsors, seek advocates among senior, influential partners, and create a broad base of support. These steps help you gaininvaluable guidance, internal referrals, and advocacy for you when it's time for partnership consideration.


Financial Acumen and Firm Economics: A deep understanding of law firm economics, and knowing how you match up against the firm's metrics is vital in the pursuit of partnership. This involves comprehending how your work contributes to the firm's bottom line, understanding billing, client acquisition, and retention strategies, and being able to effectively manage and generate revenue. Partners are not just legal practitioners; they are business leaders who contribute to the firm's financial health and strategic direction.


This episode at a glance…

[00:01:20-00:03:20]: Misconceptions and changing expectations in the path to partnership

[00:03:20-00:04:44]: The importance of understanding firm culture and economics for success

[00:04:44-00:06:29]: Building broad support within the firm and the complexities of internal politics

[00:06:29-00:07:41]: Insights on market demands, client expectations, and adapting to the firm's strategic goals

[00:07:41-00:08:28]: The impact of firm's hiring and promotion strategies on partnership prospects

[00:08:28-00:10:35]: Real-life examples and case studies from Laura's coaching experiences

[00:10:35-00:12:49]: Understanding financial metrics and profitability in law firms

[00:12:49-00:14:44]: Evaluating one's own financial and business contributions to the firm

[00:14:44-00:16:28]: Building relationships and advocacy within the firm for partnership support

[00:16:28-00:18:34]: Overcoming challenges and potential opposition within the firm

[00:18:34-00:21:26]: Strategy, planning, and early preparation for partnership candidacy

[00:21:26-00:23:57]: The importance of feedback and client input

 

Rate, Review, & Follow on Apple Podcasts

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. Click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode!

Also, if you haven't done so already, follow the podcast! A new episode releases every week! Follow now!
 

Ways to reach Laura Terrell

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/

#4: Strategic Pricing That Works for Law Firms and Their Clients with Keith Maziarek24 Jan 202400:45:29

It's vital for legal professionals to comprehend the details of law firm economics and the impact they have on their success. In this episode of Big Law Life, I interview Keith Maziarek, Director of Pricing and Legal Project Management at Katten Muchin Rosenman, on how to maximize value for profitable service delivery.

 

Keith has over 22 years of business management experience within the legal service industry and serves as a board member and officer of the Legal Value Network, a member-driven industry group dedicated to reshaping the legal service delivery model.

 

Keith and I discuss the genesis of strategic pricing that stemmed from the financial crisis when clients demanded better discipline in outside counsel spend, and the journey from there to the business and metric-focused approach today in the law firm industry. Ongoing tracking, budgeting, and adjustments correlate directly with the economic health of law firms, reinforcing the significance of utilizing a data-driven approach.


A few takeaways …

Applying data analysis and strategic decision making, firms can efficiently align pricing strategies with client parameters and budget constraints. It's not just about defining billing rates, but also about being aware of the market dynamics, understanding client expectations, and delivering value to drive profitability.

Legal professionals need to evolve beyond the traditional skill set taught in law school to succeed in today's challenging legal industry. Tools such as benchmarking prove invaluable to understanding market rates and ensuring fair compensation for expertise. By leveraging financial acumen and understanding the business side of law, legal professionals can negotiate from a position of strength, assuring both profitability and value delivery to the client.

Embrace a collaborative approach to pricing and project management in the legal industry for increased efficiency and client-centric solutions.


This episode at glance … 

00:08:37 - Evolving Role of Pricing and Project Management

00:09:56 - Building Trust and Relationships

00:12:06 - Maturing Relationships through Pricing and Project Management

00:18:02 - Challenges in Navigating Pricing and Project Management

00:22:29 - Understanding Economic Value for the Client

00:23:58 - Shifting the Conversation on Pricing

00:24:12 - Client Billing Practices

00:24:29 - Negotiating discounts and business value

00:25:47 - Economic value and pricing

00:28:36 - Benchmarking and negotiation

00:32:37 - Setting billing rates and profitability

00:34:45 - Key advice for attorneys

00:36:15 - Legal Value Network Membership Benefits

00:37:18 - Internal Training and Leveraging Resources

00:39:34 - Learning Opportunities and Thought Leadership

00:41:13 - Simplifying Complex Metrics

 

Rate, Review, & Follow on Apple Podcasts

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. Click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode!

Also, if you haven't done so already, follow the podcast! A new episode releases every week!. Follow now!


Ways to reach Keith Maziarek
www.legalvaluenetwork.com
LinkedIn: https://www.linkedin.com/company/legal-value-network/
LinkedIn: https://www.linkedin.com/in/keithmaziarek/ 

Ways to reach Laura Terrell

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

#3: Metrics That Make or Break Your Big Law Career10 Jan 202400:26:16

As a lawyer in private practice, you need to have more than great legal skills, because to succeed in a law firm you have to develop a good grasp of how the business side of your firm works.

If you're a junior associate at a law firm, these targets and goals may not be very visible to you, and you might not even see how they are relevant to your work. But as you progress in seniority in the firm, you might become a bit more aware of financial matters and how they affect you.

A few takeaways …

Realization is a crucial metric as it measures the percentage of payments received compared to the value of the hours worked. Accuracy in time entries and avoiding excessive write-offs can significantly impact a lawyer's realization rate, ultimately contributing to the financial health of the firm. Lawyers who focus on this factor underscore their dedication and can potentially transform their career trajectory in Big Law.

Profits per lawyer, or PPL, is another metric and it's usually considered to be the best measure of a firm's financial health and its practice strength. It measures the firm's income after deducting expenses, and it's a look at how much profit the firm's partners generate on average.

To maximize revenue per lawyer, or RPL, a related metric, lawyers must focus on meeting their billable hour targets and rate expectations. Firms look favorably upon lawyers who not only generate substantial revenue but contribute significantly to its profitability. Understanding, monitoring, and excelling in this metric can significantly boost a lawyer's value and position them for successful career progression, including elevation to partnership roles.

This episode at glance … 

00:03:35 - Importance of Law Firm Financials

00:04:46 - The Concept of Realization

00:11:25 - Understanding Revenue per Lawyer

00:14:49 - Using RPL for Individual Assessment

00:14:56 - Revenue Measurement and Individual RPL

00:17:51 - Understanding Profits per Lawyer (PPL)

00:19:28 - The Importance of Profitability

00:21:09 - Profitability and Career Progression

00:24:25 - Significance of PPL in Partnership Decisions 

Ways to reach Laura Terrell

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/

#2: My Personal Journey with Big Law10 Jan 202400:10:26

My journey into the world of Big Law began with a distinct lack of familiarity and guidance. Growing up without any exposure to the legal profession, I ventured into law school with limited knowledge of the intricacies of large law firms. Despite graduating and initially embarking on a path divergent from Big Law, my relentless pursuit of information and mentorship eventually propelled me to become an equity partner and top revenue-generating lawyer at two prominent global law firms. During this time, I uncovered the inner workings of the legal realm, from navigating client relationships, handling performance evaluation, getting key work assignments, and understanding firm culture.

The game changing moment for me was when I began working with a partner at my law firm that I really trusted and who was not only open to my questions, but candid and detailed in giving me feedback and practical guidance. Now, I want to be that support for you.

A few takeaways … 

Understanding the inner workings of sizable law firms contributes to professional success. In a Big Law firm, it's essential to grasp the subtle interplay of culture, politics, and internal processes. It's equally crucial to understand the firm's client engagement approach and how performance is measured, guiding individual strategies for personal career growth.

Developing strong connections with clients is a critical aspect of thriving in large law firms. Relationship-building isn't only about performing stellar legal work, but also understanding client needs, expectations, and business dynamics. Nurturing client relationships can lead to securing desired work projects, boosting professional visibility, and making substantial contributions to the firm's success.

A sound understanding of the financial aspects of law firm engagements provides necessary insight into career advancement. This includes developing capability to address billing, profitability, collections and the financial metrics used in the evaluation process. As attorneys grasp these financial dynamics, not only will they be instrumental in their own success, but they will also contribute significantly to the firm's overall financial health.

This episode at glance … 

 00:01:19 - Laura's Journey to Big Law
00:04:35 - Navigating Big Law
00:07:00 - Mentorship and Guidance
00:09:27 - Looking Ahead and Finding Resources

Ways to reach Laura Terrell

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

#1: Welcome to Big Law Life!10 Jan 202400:08:01

Welcome to Big Law Life! In this first episode, I share what to expect from this podcast, which is geared toward those working in, with, and around Big Law firms.

My guests and I will delve into the strategies, steps, relationships, information, and communications needed to help you meet your professional goals with Big Law. Additionally, I'll share my experiences as someone who has been an equity partner at two large, global law firms and previously was an associate and counsel.

Big Law Life will also include interviews with business and legal professionals, clients, consultants, in-house counsel, marketing and development experts, and others who will share what Big Law is doing well and what it could potentially do differently.

There is no cookie cutter, one size fits all way to navigate Big Law. You're going to hear how different firms and different people take their own approaches and use them to succeed in a variety of ways. 

A few takeaways … 

Big Law is responsible for nearly 40% of the revenue in the total legal services market in the United States and these firms generate millions, if not billions of dollars in revenue each year.

It has driven many changes in the law, such as the handling of electronic discovery, leveraging of AI technology, financial management initiatives, and the use of social media in marketing and client outreach.

The rates Big Law firms charge generate a fair amount of discussion, with some firms choosing to look to their competitors for benchmarks and other firms see an opportunity to compete with a different approach. 

Some less positive shifts in Big Law include lawyers working inside Big Law firms who feel like a cog in a corporate machine, who experience difficulty finding mentoring and development help.  

Whether you're interested in staying in Big Law for a short period of time or decades, you want to learn how to use the experience to position yourself for other opportunities. 

This podcast will explore the dynamics of client relationships, communicating with them, and handling disputes over fees. 

Firms are constantly working to figure out what to do to retain clients, increase the amount of work they do for them, and the secret sauce to achieve these goals.  

Learn how to find your way to navigate Big Law firms with more confidence and assurance. 

This episode at glance … 

00:00:25 - Introduction to Big Law Life          

00:01:58 - The World of Big Law      

00:03:22 - Impact of Big Law              

00:05:35 - Navigating Big Law      

Ways to reach Laura Terrell

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/  

 

#44: Helping BigLaw Attorneys Navigate the Business Side of Their Law Firms30 Oct 202400:16:23

In today's episode, I discuss some essential steps and common challenges that arise when attorneys in large law firms get frustrated in dealing with the business and financial side of their practices, and what their firms expect from them in that regard.

We'll explore why some lawyers resist engaging with financial aspects of the practice, how business professionals can better support lawyers, and discuss actionable ways to foster more cohesive teamwork within the law firm.

At a Glance:

  • 00:00 – Introduction to the episode

  • 01:20 – Importance of collaboration between attorneys and business professionals

  • 02:10 – How financial considerations have become critical for law firms' success

  • 04:04 – Why attorneys can resist engaging on business and financial considerations

  • 07:07 – Potential impediments to business collaboration

  • 11:15 – How assumptions around client expectations can misalign firm and client interests

  • 13:10 – Breaking down financial and client billing requirements in a mutually beneficial way for clients and law firms

  • 15:26 – Enhancing the collaboration of business professionals and legal professionals to assist in law firm profitability and success


Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#43: Avoiding BigLaw Mistakes in Business Development23 Oct 202400:13:13

Today's episode focuses on business development challenges faced by both new and seasoned partners at large law firms. I provide practical strategies to help you define your unique value proposition, target effective marketing efforts, and seek client feedback. 

You'll find out how to address common pitfalls, such as spreading yourself too thin, failing to personalize follow-ups, and how to turn a past misstep into an opportunity for new business.

At a Glance:

  • 00:00 – Introduction to the episode  

  • 01:20 – Business development challenges faced by partners in large firms  

  • 02:07 – Defining unique expertise and avoiding the "jack of all trades" approach  

  • 03:23 – Finding a niche and standing out in a saturated market  

  • 05:10 – Evaluating the ROI of business development activities  

  • 06:17 – Personalizing marketing efforts and outreach for maximum impact  

  • 08:22 – Importance of follow-ups in deepening client connections  

  • 09:18 – Seeking client feedback and addressing past missteps  

  • 10:43 – Soliciting qualitative feedback beyond standard client surveys  

  • 12:19 – Evolving nature of business development for lawyers


Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

 

#42: Value-Based Billing Strategies for Law Firms with Justin Ergler16 Oct 202400:37:18

In today's episode, I am joined by Justin Ergler, a globally recognized thought leader in legal operations and legal procurement. We discuss the evolving role of business professionals in the legal industry and how value-based billing models are reshaping the traditional law firm structure. 

With a global legal industry valued at $1 trillion, Justin shares his insights on alternative fee arrangements, the importance of building strong client-firm relationships, and how legal departments and law firms can optimize value while maintaining profitability. The episode offers practical advice for lawyers navigating the intersection of law and business, providing specific strategies to improve client service and communication.

At a Glance:

  • 00:00 – Introduction and Justin Ergler's Background

  • 00:02 – The Evolving Role of Business Professionals in Legal Operations

  • 00:05 – The Billable Hour: Exploring Alternatives and Addressing Concerns

  • 00:10 – Case Studies: How Alternative Fee Arrangements Work in High-Stakes Matters

  • 00:14 – Trust and Transparency: Building Strong Client-Firm Relationships

  • 00:17 – Communicating Rate Increases: The Importance of Tailored Approaches

  • 00:22 – Understanding Client Needs: Business-Side Conversations with Law Firms

  • 00:28 – The Legal Value Network: Elevating Business Practices in Law

  • 00:36 – Closing Thoughts and How to Learn More About Legal Value Network


Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

How to reach Justin Ergler:

justin.ergler@gmail.com

https://www.legalvaluenetwork.com

https://www.legalvaluenetwork.com/the-board

https://www.linkedin.com/in/justinergler

 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

 

#41: How Associates Can Avoid Derailing Their BigLaw Careers09 Oct 202400:17:17

In today's episode, I address a critical issue that many associates in large law firms face—identifying and managing warning signs in their law firm careers before it's too late. 

I outline practical strategies to help associates understand what firms expect and how to recognize when they may be at risk, including getting ahead of the issue of low billable hours, handling situations where there is insufficient work in your office or practice group, and the dangers of poor communication and accountability. 


At a Glance:

  • 00:32 – Why law firms don't provide roadmaps for associates and the need for self-awareness

  • 01:20 – Early warning signs when associates are on the verge of trouble

  • 02:34 – The importance of meeting billable hours and avoiding over-reliance on non-billable work

  • 03:38 – Responding to work opportunities during vacation when billable hours are low

  • 04:34 – Struggling to find work? Here's what to consider

  • 05:15 – Feedback: Why associates should proactively seek it from partners

  • 06:14 – The challenge of working in a slow office and potential solutions

  • 08:11 – When your practice group is slow: Short-term vs. long-term impacts

  • 10:00 – Seniority issues: When associates outgrow their niche and how to pivot

  • 11:45 – Administrative issues, timekeeping, and office presence: Why they matter

  • 14:05 – Vanishing acts: The importance of communication and accountability


Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

 

#40: Navigating BigLaw to General Counsel and Beyond with Shauna Barnes02 Oct 202400:41:48

In today's episode, I am joined by Shauna Barnes, founding partner of the Barnes Beverage Group and former general counsel of Dogfish Head. With 15 years of legal experience in the beverage industry, Shauna shares her journey from BigLaw to in-house counsel, her pivot to founding her own firm, and how she navigated the challenges of balancing a legal career with family life. For lawyers in large law firms, Shauna's story offers valuable lessons on how to shape a career path that aligns with personal goals and professional fulfillment.


At a Glance:

  • 00:00 – Introduction to the episode and Shauna Barnes' background

  • 00:50 – Shauna's early career aspirations and decision to leave litigation behind

  • 02:59 – Transition from BigLaw to Dogfish Head 

  • 05:09 – Decisions about work and personal life

  • 10:50 – Securing the role of general counsel at Dogfish Head

  • 15:19 – Culture at Dogfish Head and building the legal department from scratch

  • 20:00 – Learning to manage and lead a team without formal training

  • 28:54 – Founding Barnes Beverage Group and the transition to running her own firm

  • 35:00 – Key challenges in running a virtual legal team and maintaining work-life balance

  • 39:42 – Final thoughts on growth and leadership in a boutique law firm


Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

How to reach Shauna Barnes

SBarnes@DrinksLaw.com

www.drinkslaw.com

 

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

#57: How Law Firms Can Build Stronger Partners Through Training - with Latham & Watkins' Andrew Clark29 Jan 202500:36:49

In today's episode, I talk with Andrew Clark, a partner with Latham & Watkins and the global chair of the firm's Training and Career Enhancement Committee. Andrew shares how Latham develops its partners and other lawyers through a structured and comprehensive training program that evolves at every stage of their career. 

From preparing new partners for leadership roles to equipping junior partners to deepen their client relationships and build their practices, Andrew gives us an inside look at how Latham is setting up its attorneys for long-term success. 

We also discuss the unique role of business professionals in shaping law firm training and the firm's work in training its lawyers to leverage generative AI.

At a Glance:

  • 0:00 Introduction: Andrew  discusses ongoing training for partners beyond when they are promoted into their partner roles

  • 1:20 Importance of partner development: Preparing for leadership and client management

  • 2:24 Andrew's career journey: From Latham's London office to leading global training initiatives

  • 4:02 Partner involvement in firm management and training programs

  • 6:01 Multi-stage partner training: New Partner Academy and Junior Partner Development Retreat

  • 9:17 Financial literacy and business development: Preparing partners for understand client needs and demands

  • 12:13 Integrating lateral partners: Communicating and strengthening understanding of firm culture through structured training

  • 14:28 Rainmaker panel: Insights into business development from partners who role-play a simulated client pitch

  • 18:27 Contributions of business professionals: Elevating law firm training programs to include education and support from business and training experts in the firm

  • 21:53 External experts in training: Lessons from outside speakers, including military leaders and others

  • 24:57 Generational shifts: Adapting training for Gen Z attorneys

  • 30:01 Latham's AI Academy: Preparing lawyers for the future of legal practice

Rate, Review, & Follow on Apple Podcasts & Spotify

Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here

For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.

How to reach Andrew Clark:

https://www.lw.com/en/people/andrew-clark 

Link to more information Latham & Watkins' lawyer development and training: https://www.lw.com/en/about-us/lawyer-development

Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

www.lauraterrell.com 

laura@lauraterrell.com  

LinkedIn: https://www.linkedin.com/in/lauralterrell/ 

Instagram: https://www.instagram.com/lauraterrellcoaching/ 

Show notes: https://www.lauraterrell.com/podcast

 

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