ILNews

Bar introduces business school for lawyers

Back to TopCommentsE-mailPrintBookmark and Share

The business versus profession debate has been raging since Ted Waggoner became a lawyer in 1978 and probably had been going on long before then.

Waggoner, a partner at Peterson Waggoner & Perkins LLP in Rochester, remembered some small-firm attorneys at that time began describing themselves as business owners while the elders insisted the practice of law was a profession, not a business.

Having practiced in a small firm his entire career, Waggoner highlighted his pragmatic stance by asking, how will a law firm make payroll if it is not a business?

Biz_School02.jpg From left, attorneys Jason Guthrie and Jeffrey Nickloy and Butler University faculty Craig Caldwell and Ron Thomas helped create a new seminar for lawyers on how to run their firms. (IL Photo/ Perry Reichanadter)

The Business Law Section of the Indiana State Bar Association is addressing the growing need among lawyers to know good business practices like payroll, inventory, accounting and advertising in order to keep their firms open. In conjunction with Butler University’s College of Business Executive Education Office, the Business Law Section is offering a five-seminar Business School for Lawyers.

Waggoner was a member of the focus group that helped formulate the seminar. Jeffrey Nickloy, senior attorney at Campbell Kyle Proffitt LLP in Noblesville and former chair of the Business Law Section Council, had the original idea that resulted in the series.

“My hope is that they will both be better able to relate to and advise their business clients and that they will be more comfortable, efficient and effective in the management of law firm business,” Nickloy said about those who choose to attend.

For the most part, lawyers have been expected to learn the principles of business on the job. However, the economic recession has dried up the number of positions open in law firms so more and more attorneys, especially those just graduating from law school, are hanging out a shingle and starting their own solo practice, Nickloy said.

Even at many firms, lawyers may be called upon to handle business matters and find themselves adrift because they have not been taught how to run the operation, Nickloy continued.

Problems arising from business struggles can have a boomerang effect on law firms. In addition to such matters distracting an attorney, both Nickloy and Waggoner see a link between attorney disciplinary cases before the Indiana Supreme Court and lawyers lacking business knowledge.

A disciplinary action could result from a simple accounting mistake or come from something much deeper such as an attorney misusing client funds to cover the firm’s expenses.

Intensive and practical

The curriculum in the Business School for Lawyers is geared specifically for attorneys and the unique aspects of their practices. The topics and format developed as ideas and suggestions were batted back and forth among the Business Law Section, a special focus group and Butler University.

The classes in the Business School for Lawyers are:

Aug. 24 - Strategic Thinking for Lawyers: Attorneys will be introduced to strategic thinking and analysis that are crucial to setting a long-term direction of any organization.

Aug. 25 - Ethics & Business Development I: Attorneys will work on their own ethical business development plan that complies with the Indiana Rules of Professional Conduct.

Sept. 14 - Financial Accounting & Tax Reporting: Attorneys will be introduced to financial managerial and tax reporting concepts that are relevant to law firms.

Oct. 5 - Ethics & Business Development II: Attorneys will briefly review the material from the Aug. 25 session and then focus on professional responsibility, trust, personal selling, client loyalty, branding and advertising.

Nov. 9 - Developing a Law Firm’s Human Capital: Attorneys will be introduced to leadership, human resources law and human capital development techniques that they can use to help manage the daily activities of their firms.

This is not the first time Butler has built a specialized curriculum to meet the needs of a specific group, according to Ron Thomas, executive director of Butler Corporate & Executive Education. It reflects the school’s focus on application rather than the theoretical.

“(The seminar is) not sitting and reading the newspaper or checking your smartphone during class,” said Jason Guthrie, current chair of the ISBA Business Law Section Council. “It’s actually designed to teach you something you wouldn’t otherwise learn outside of the classroom.”

Participants will have to complete reading assignments ahead of class and should expect to do work and be active in class. The day-long sessions will be intensive and provide the tools to handle the day-to-day business operations of a legal practice.

“We didn’t want something where you’re going to walk away from it and say you really didn’t learn anything,” said Guthrie, a partner at Thomasson Thomasson Long & Guthrie P.C. in Columbus.

The seminar consists of five separate sessions. Attorneys can take all five or attend only one or two and still benefit. Those who attend all five sessions will earn a Certificate of Business Administration. Plus, a portion of the series is eligible for Non Legal Subject Matter CLE credit.•
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in Indiana Lawyer editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Indiana State Bar Association

Indianapolis Bar Association

Evansville Bar Association

Allen County Bar Association

Indiana Lawyer on Facebook

facebook
ADVERTISEMENT
Subscribe to Indiana Lawyer
  1. I can understand a 10 yr suspension for drinking and driving and not following the rules,but don't you think the people who compleate their sentences and are trying to be good people of their community,and are on the right path should be able to obtain a drivers license to do as they please.We as a state should encourage good behavior instead of saying well you did all your time but we can't give you a license come on.When is a persons time served than cause from where I'm standing,its still a punishment,when u can't have the freedom to go where ever you want to in car,truck ,motorcycle,maybe their should be better programs for people instead of just throwing them away like daily trash,then expecting them to change because they we in jail or prison for x amount of yrs.Everyone should look around because we all pay each others bills,and keep each other in business..better knowledge equals better community equals better people...just my 2 cents

  2. I was wondering about the 6 million put aside for common attorney fees?does that mean that if you are a plaintiff your attorney fees will be partially covered?

  3. I expressed my thought in the title, long as it was. I am shocked that there is ever immunity from accountability for ANY Government agency. That appears to violate every principle in the US Constitution, which exists to limit Government power and to ensure Government accountability. I don't know how many cases of legitimate child abuse exist, but in the few cases in which I knew the people involved, in every example an anonymous caller used DCS as their personal weapon to strike at innocent people over trivial disagreements that had no connection with any facts. Given that the system is vulnerable to abuse, and given the extreme harm any action by DCS causes to families, I would assume any degree of failure to comply with the smallest infraction of personal rights would result in mandatory review. Even one day of parent-child separation in the absence of reasonable cause for a felony arrest should result in severe penalties to those involved in the action. It appears to me, that like all bureaucracies, DCS is prone to interpret every case as legitimate. This is not an accusation against DCS. It is a statement about the nature of bureaucracies, and the need for ADDED scrutiny of all bureaucratic actions. Frankly, I question the constitutionality of bureaucracies in general, because their power is delegated, and therefore unaccountable. No Government action can be unaccountable if we want to avoid its eventual degeneration into irrelevance and lawlessness, and the law of the jungle. Our Constitution is the source of all Government power, and it is the contract that legitimizes all Government power. To the extent that its various protections against intrusion are set aside, so is the power afforded by that contract. Eventually overstepping the limits of power eliminates that power, as a law of nature. Even total tyranny eventually crumbles to nothing.

  4. Being dedicated to a genre keeps it alive until the masses catch up to the "trend." Kent and Bill are keepin' it LIVE!! Thank you gentlemen..you know your JAZZ.

  5. Hemp has very little THC which is needed to kill cancer cells! Growing cannabis plants for THC inside a hemp field will not work...where is the fear? From not really knowing about Cannabis and Hemp or just not listening to the people teaching you through testimonies and packets of info over the last few years! Wake up Hoosier law makers!

ADVERTISEMENT