Celebrity Guest Blogger Eric Meyer On A Better Way To Practice Law
“Workplace inertia is like a lump of coal in your Christmas stocking,” says Eric B. Meyer in his world famous and award-winning, blog TheEmployerHandbook.com.
We are very happy and proud that, as a holiday gift to our readers, we can give you, in its entirety — Eric’s post! It is sooo good and profound and sooo important, that we urge all lawyers to read it.
The graphics, photos (and occasional snippy comment) have been inserted by the editor – don’t blame Eric.
So here goes:
“It’s December, which means it’s the time of year that you’re hoping that a handful of guys on the Compensation Committee emerge from the Star Chamber later this month with a year-end bonus that fairly recognizes your contributions to the firm.
Based on experience, you know that the final decision is mostly subjective. Rather than get paid fair value, your hours billed, collections on time, and attribution will subsidize someone with more gray hair* and less business who hit cruise control a few years ago. Am I right? [*NB: Ignore this comment – this old balding editor takes no offense].
So, what are you going to do about it? On January 1, you can step back onto the hamster wheel.
Or, if you’ve finally had enough of the Big Law routine, consider an alternative.
There is a better way to practice law.
First, let’s see if you check some boxes:
✅At least seven years of practicing law
✅Am Law 200 experience
✅$500,000+ in portable business
If this is you, keep reading. Because I’m going to tell you about this better way to practice law.
It’s at FisherBroyles, LLP.
We are a few hundred full partners operating under a law firm business model that aligns the interests of clients and attorneys by identifying and eliminating the inefficiencies of the traditional firm.
In plain English, we don’t have associates and we don’t do brick and mortar either.
Sure, Big Law tries to ‘innovate’ by commoditizing legal services and allowing attorneys to work remotely a day or two per week. However, while these firms continue to bluff at the poker table, FisherBroyles has gone all-in with the winning hand.
FisherBroyles is the largest, distributed law firm in the world, and attracts some of the best of the best. Indeed, all of us are veterans of large law firms (including Alston & Bird, Dentons, Baker McKenzie, Akin Gump, Greenberg Traurig, Jones Day, Epstein Becker, Jackson Lewis, Littler Mendelson, Kirkland & Ellis, Paul Hastings, Wilson Elser, DLA Piper, just to name a few).*
[*NB: And a lot of us are happy refugees from Fox Rothschild, let’s not forget!].
So, what attracts these Big Law expats to FisherBroyles?
The FisherBroyles compensation model is both 100% objective and transparent.
FisherBroyles uses a non-discretionary formula to compensate partners for client generation, client management, work performed, collaboration, and firm growth. Both Forbes and Bloomberg Law have detailed how originating and collaborating FisherBroyles partners pocket far more than in the traditional overhead-heavy partnership model.
As for transparency, I know what everyone else makes and vice-versa.
How’s that for transparency?
This compensation formula always wears the justice blindfold too. There is no glass ceiling, smoke-filled room, old boys’ network, or any other thumb on the partnership scales against or for any partner(s). Everyone works hard, and everyone succeeds on her or his own merits, without getting hamstrung by any subjective factors. Consequently, FisherBroyles’ model inherently promotes equality and diversity, and values inclusion.
Clients also 💖 FisherBroyles.
We are a full-service, international law firm with a deep bench that treats all clients like their own. Indeed, the FisherBroyles business model yields better quality work – remember, we’re all seasoned partners – done faster and at a lower rate. Partners at FisherBroyles can set their own rates (hourly, flat fee, or otherwise) for clients. Plus, FisherBroyles has no billable-hours quota. Therefore, our partners’ interests are aligned with our clients’ interests – to efficiently provide strong and competent representation.
My partner, James Fisher, said it best, “We just decided to basically take all the things we hated — and what our clients hated — about Big Law and remove them and just leave the good parts.”
Now, if your interest is waxing, it’s time for me to layer this cake.
Your families and friends will 💖 this firm too.
Working Big Law hours requires compromise. You miss school plays, dinner with the family, date nights, and other fun activities. That’s the life you chose. I know because I’ve been there.
But you’ve worked hard to get where you are. And I’m living proof that you can bill fewer hours, make lots more money, and see way more of your family and friends too.
I put my kids on the bus to school each morning and help them off each afternoon. I attend school events — even chaperone trips – and don’t miss soccer games.
Better than any Black Friday or Cyber Monday deal.
I understand that most lawyers are naturally risk-averse. And maybe this FisherBroyles thing sounds too good to be true. But I’ve been here for 21 months after spending most of my career at larger law firms. I’ll describe FisherBroyles by paraphrasing that classic Seinfeld line, it’s real and it’s spectacular!
Are you interested? Or maybe you know a colleague who is tired of Big Law’s revolving door. If so, I’d love to tell you more about practicing law at FisherBroyles.”
Thank you Eric, my good friend … God Bless us everyone!!