Ten Questions You Should Ask Yourself Before Choosing A Practice Area.

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Presentation transcript:

Ten Questions You Should Ask Yourself Before Choosing A Practice Area

1. What Do You Like to Deal With? People Things Ideas Money/Business

1. What Do You Like to Deal With? People oEmployment oEntertainment oExecutive Compensation oFamily oImmigration oTrusts & Estates oWhite Collar Criminal

1. What Do You Like to Deal With? Things oAsset Finance oConservation Easements oIP Prosecution oOld Energy Practice oProject Finance oReal Estate Finance oReal Estate Land Use oReal Estate Transactional

1. What Do You Like to Deal With? Ideas oAdministrative oAntitrust oAppellate oERISA oIP Licensing oLitigation oNew Energy oTax

1. What Do You Like to Deal With? Money/Business oAntitrust oBankruptcy oCorporate oHealthcare oInsurance Coverage & Defense oInternational Trade oSecurities Litigation

2. Do You Want to Create or Enable? Create oAppellate oBankruptcy oLitigation oOutsourcing oWhite Collar Criminal Enable o40 Act oCorporate oERISA Counseling oExecutive Compensation oIP Licensing oReal Estate Transactional oTax

3. Do You Mind Facing Moral Conundrums in Your Practice? Yes oAdministrative oCorporate oEntertainment oExecutive Compensation oIP oReal Estate Transactional oTax No oAppellate oEmployment oEnvironmental oFamily oHealthcare oInsurance Coverage & Defense oProduct Liability oProject Finance oTrusts & Estates oWhite Collar Criminal

4. Do You Want to Be the Expert or a Generalist? Expert oBankruptcy oCorporate (New York) oEmployment oERISA oExecutive Compensation oFamily oImmigration oPatent Litigation oPatent Prosecution oTax oTrusts & Estates Generalist oCorporate (in California) oGeneral Litigation

5. Do You Prefer to Analyze Gray Areas or Have Concrete Answers? Gray Areas oFamily oLand Use oLitigation oTrusts & Estates Concrete Answers o40 Act oAdministrative oCode-Based Practices oExecutive Compensation oRegulatory oSecurities oTax

6. Who Do You Want to Help and How? Help The Rich Get Richer (Trusts & Estates) Help Corporations to Grow (Corporate, Asset & Corporate Finance) Help Corporations Protect Themselves (Corporate, Litigation, Employment) Help Distressed Clients (Family, Immigration, Litigation, White Collar Criminal, Bankruptcy)

7. Do You Mind Dealing With Emotionally Charged Situations? Emotionally Charged Practices oClass Action Litigation oEmployment oFamily oInsurance Defense oTrusts & Estates oWhite Collar Criminal

8. What Relationship Do You Want to Have With Your Clients? Necessary Expense oAppellate oEmployment oFamily oInsurance Defense oLitigation oWhite Collar Crime Part of the Team oCorporate oExecutive Compensation oIP Licensing/Patent oProject Finance oReal Estate Transactional oTax oTrusts & Estates

9. Are You Comfortable With an Adversarial Practice? Direct Conflict oCorporate (Regulation) oBankruptcy oLitigation (Except Smaller Bars) Waiver oLitigation

10. How Important Is a Predictable Schedule? Important o40 Act oAppellate oERISA oExecutive Compensation oIP Prosecution oLand Use oTax oTrusts & Estates Not Important oBankruptcy oCorporate (esp. M&A) oCross Border Transactional oLitigation oWhite Collar Criminal