Post on 11-Apr-2017
transcript
#ClioWeb
Joshua LenonLawyer in Residence
Clio
How the Baby Boomers Destroyed the Legal System
#ClioWeb
US Population by Age
29 or less 30-34 35-39 40-44 45-54 55-64 65+0%
5%
10%
15%
20%
25%
30%
Source: U.S. Census Bureau – 2014 Estimates
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Lawyer Population by Age
29 or less 30-34 35-39 40-44 45-54 55-64 65+0%
5%
10%
15%
20%
25%
30%
Source: American Bar Foundation’s Lawyer Statistical Report 2005
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Baby Boomers have taken control of the legal profession.
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Equity vs. Non-Equity Partners
1995 2001 20090%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Equity Non-Equity
Source: “Have we reached the end of the partnership model?” ABA Journal 08/1/15
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Law Firm Hiring Trends
1999 2004 2009 201029000
30000
31000
32000
33000
34000
35000
Full Time Jobs
Full Time Jobs
Source: NALP Employment Patterns 1999-2010
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Baby Boomers have created “Lost Generations” of exiled lawyers.
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In exiling lawyers, Baby Boomers have seeded their own destruction.
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Pangea3 Founder
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LegalZoom Founders
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Baby Boomers greatest threat to the legal profession is indirect
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Shifting Tax Burden-400 -300 -200 -100 0 100 200 300 400 500
80+ 70-79 60-69 50-5940-49 30-39 18-29 Future Generations
Source: International Monetary Fund
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Law School Costs Soared
1985 1995 2005 2011$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
Median Tuition in 2011 Dollars
Source: The Crisis of the American Law School
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Law School Costs Soared
1985 1995 2005 2011$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
Median Tuition in 2011 Dollars Median Public Law School Tuition
Source: The Crisis of the American Law School
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Legal Services Funding
Federal legal aid funding in 1976 was $479 billion dollars in adjusted 2013
funds.
Federal legal aid funding in 2013 was $340 billion dollars.
Source: Legal Services Corporation
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Bleeding Courts Dry
Federal Court staffing at lowest level since 1997 due to flat funding.
Source: U.S. Chief Justice's Year-End Reports on the Federal Judiciary 2014
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CODING, CHINESE, AND CINEMATOGRAPHY:
PORTRAIT OF A 21ST CENTURY LAWYER?
FLUENCY = FUTURE
skillsculture
OUTCOMES
HELLO/HOLA/你好
21ST CENTURY LAWYER
TALENT
DIFFERENTIATE
DEFINE
WHERE ARE THE
UNICORNS?
BE A POACHER
PROBLEMSOLVED
PLEASE DON’T POACH ANIMALS.
ONLY POACH UNICORNS.
UNEXPECTED POSITIVE EXPERIENCES DELIVER
A BIGGER IMPACT.
NEW LIFE EXPERIENCES
HAVE MORE IMPACT THAN REWARD
OBJECTS.
31%37%
300%
JUST ANOTHER MILLENNIAL MANIFESTO?
EXAMPLE:LAWWITHOUTWALLS
MENTORS
STUDENTSproject managementcultural competency
leadershipbusiness planningproblem solving
DON’T TRASH THE TREASURE.
WHAT’S THE TAKEAWAY?
DISCOVERYOUR 21ST CENTURY
LAWYERS.ASSESS
THEIR TALENTS.POACH
THEIR SKILLS TO DRIVE YOUR FUTURE SUCCESS.
MORE THAN FACE VALUE.
erika@lwow.org
Joe WallinStartup Attorney
@joewallin
I have been blogging about how to make the law better for
founders and startups for awhile.
Washington State should
have a crowdfundin
g law
5 A.M. July 2012 I dreamed up a crazy
idea
John Cook &Todd Bishop ran
it in
AND then I
befriended Cyrus
Habib at a coffee
shop….
“Hey, can I have that bill you
wrote?”
State legislators asked …
Legislators are just like
VCs and VPs of Biz Dev
The law is in constant
f l u x
The slightest changes can screw everything up
Refer: Section 201 of the JOBS Act
Legislative language
Politics can
surprise you.
Don’t Quit
Your opponents
won’t.
You have to live with them, but, if you can, don’t give them a license to re-write
the law.
Regulators
Get supporters
Entrepreneurs Legislative staff JournalistsInvestors
Ride a big wave
“What data did you have in support of your proposal?”
“Data?! Don’t be absurd!” Haha
Data?
Dig In,Get Dirty
1
Don’t fall into ideological
traps
2
Go in peace!
NO Pitchforks & Torches
3
Cian O’Sullivan@BeagleInc
Cian O’Sullivancian@beagle.ai