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	<title>Comments on: Lawyers&#8217; MBA-in-a-day</title>
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		<title>By: RJon@HowToMakeItRain.com</title>
		<link>http://soloinchicago.com/118/lawyers-mba-in-a-day/comment-page-1/#comment-56</link>
		<dc:creator>RJon@HowToMakeItRain.com</dc:creator>
		<pubDate>Wed, 23 Aug 2006 17:54:00 +0000</pubDate>
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		<description>&lt;b&gt;What&#039;s the &lt;i&gt;BUSINESS&lt;/i&gt; of a law firm?&lt;/b&gt;  &lt;br/&gt;&lt;br/&gt;I&#039;ve posed this question to more than 6,000 lawyers.  So far, I&#039;ve only gotten 14 correct answers.&lt;br/&gt;&lt;br/&gt;RHETORICAL QUESTION:  What would you advise one of your clients who wanted you to draft a contract for them to invest in a business that had no marketing plan, no financial projections, no budget, no operations manual &amp; whose chief marketing officer never took a class - or took it upon him/herself to learn anything about marketing in his or her life?&lt;br/&gt;&lt;br/&gt;The real shame of it is that law schools know or should know that the vast majority of their graduates (like more than 60%)will end up as solos or practicing in small firms with five or fewer attorneys.  And yet still today only a handful of law schools bother to prepare their graduates for the practical realities of marketing and managing a law firm business.  BEING A GREAT LAWYER DOES NOT GUARANTEE YOUR FINANCIAL SUCCESS  I wish that were printed on the back of every J.D. diploma!&lt;br/&gt;&lt;br/&gt;By the way, click &lt;a HREF=&quot;http://www.howtomakeitrain.com/ezine/ezine06.html&quot; REL=&quot;nofollow&quot;&gt;here&lt;/a&gt;to find out the correct answer to the question above.&lt;br/&gt;&lt;br/&gt;Respectfully, &lt;br/&gt;&lt;br/&gt;RJON ROBINS&lt;br/&gt;www.HowToMakeItRain.com&lt;br/&gt;Helping Lawyers In Small Firms Make ALOT More Money! http://www.howtomakeitrain.com/ezine/ezine06.html</description>
		<content:encoded><![CDATA[<p><b>What&#8217;s the <i>BUSINESS</i> of a law firm?</b>  </p>
<p>I&#8217;ve posed this question to more than 6,000 lawyers.  So far, I&#8217;ve only gotten 14 correct answers.</p>
<p>RHETORICAL QUESTION:  What would you advise one of your clients who wanted you to draft a contract for them to invest in a business that had no marketing plan, no financial projections, no budget, no operations manual &#038; whose chief marketing officer never took a class &#8211; or took it upon him/herself to learn anything about marketing in his or her life?</p>
<p>The real shame of it is that law schools know or should know that the vast majority of their graduates (like more than 60%)will end up as solos or practicing in small firms with five or fewer attorneys.  And yet still today only a handful of law schools bother to prepare their graduates for the practical realities of marketing and managing a law firm business.  BEING A GREAT LAWYER DOES NOT GUARANTEE YOUR FINANCIAL SUCCESS  I wish that were printed on the back of every J.D. diploma!</p>
<p>By the way, click <a HREF="http://www.howtomakeitrain.com/ezine/ezine06.html" REL="nofollow">here</a>to find out the correct answer to the question above.</p>
<p>Respectfully, </p>
<p>RJON ROBINS<br /><a href="http://www.HowToMakeItRain.com" rel="nofollow">http://www.HowToMakeItRain.com</a><br />Helping Lawyers In Small Firms Make ALOT More Money! <a href="http://www.howtomakeitrain.com/ezine/ezine06.html" rel="nofollow">http://www.howtomakeitrain.com/ezine/ezine06.html</a></p>
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