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My coach, (yes, I believe in the coaching process so much that I've had my own coach for many years) has taught me that real wealth is discretionary time ... time to do what you love and want to do. I'm sure you've heard me say this before.
This last weekend, we took our Airstream trailer and spent another wonderful weekend in the woods in Lake Lopez, Central California. There were 24 other couples (and their Airstream trailers) alongside us. Got to ride as well, following up on my previous week in cycling camp.
When we arrived home, I was greeted by a message that a close high school friend was experiencing cancer. He's about to go into chemotherapy treatment. At least the doctor is telling him that it's curable.
Lesson: Don't waste your time. Do what you love to do ... in work and in play. I've been blessed to love my work and ride my bike (my play) ... and have a great family. I want to add that I'm blessed with supporters such as you ... thank you again.
Be sure to contact me if you want more details about joining us for breakfast in Chicago on Thursday, March 27th.
lawbiz.com
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Testing the Staying Power of the Bar Exam
A test more dreaded than the SAT and the LSAT is the bar exam, but nightmares about this assessment might become less frightening in the future because a Uniform Bar Exam (UBE) seems destined to replace the traditional state exams.
The UBE is currently offered in fourteen states. This exam enables anyone who passes it to practice in any of the other states that offer the UBE. No other exam is required. However, states may set their own passage score requirement for applicants.
The UBE is a sensible alternative to the traditional state bar exams. A lawyer who wants to practice in more than one state need take only one exam, saving time and money in preparing for multiple exams. Most lawyers take a course after law school in order to prepare for the bar exam. This can run several thousand dollars, an added expense to the already high cost of going to law school for three years. Imagine that cost times the number of states in which a lawyer would like to practice! Furthermore, the bar exam is usually given twice a year and takes several months to be graded. Thus, a lawyer's employment and income-earning abilities are put on hold in each state in which he wants to practice for a minimum of six months.
With the monetary savings related to the UBE, it may be possible to encourage graduates to open a practice in "underserved" communities. This might help address the concern expressed by some bar executives recently that we have a mismatch of a supply of lawyers and demand for their services.
With close to 30 percent of the states currently offering the UBE, the idea of a federal licensing system no longer is outside the realm of possibility. The staunch state's rights philosophy may be overcome quietly.
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$112
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Attorney and Law firm Guide to The Business of Law®, 3rd ed. - Available April 1, 2014
To Order:
1-800-837-5880
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Ed Poll has simplified the mystical process of operating a law practice so that anyone can be more effective with his/her clients and become more profitable. Learn more.
"Your Guide to Biz of Law Book is like a Bible for my practice." - G. Gordillo
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Practice Succession Planning
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CLIENTS SAY:
"Ed's command of the podium and his connection and
interaction with the audience were outstanding. His skills enabled us to successfully implement a new culture into the organization without damaging our relationships with outside counsel."
LS
Torrance, CA
"When I had my own private practice as a solo practitioner, I wanted to run my office as efficiently and profitably as possible. I researched business coaches and discovered that most had "passive" models as their basis for coaching, i.e. they would promise all the things they would do for my practice without my having to invest time and energy into the process. I'm so glad I chose Ed Poll instead, for he had an "active" model, i.e. how much I got out of the coaching was directly dependent upon what I put into it. Over a period of six months, Ed conferenced with me and gave me weekly assignments for structuring my practice as well as giving me tips on how to work with clients from the initial interview through to the end of the case. After working with Ed, I didn't have a single outstanding account receivable over $500. The time I spent working with Ed was invaluable and I would recommend him to any attorneys interested in improving the quality and profitability of their practices."
JL
Los Angeles, CA
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