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
LinkedIn: https://www.linkedin.com/in/lauralterrell/
Instagram: https://www.instagram.com/lauraterrellcoaching/