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Bar introduces business school for lawyers

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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.•
 

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  1. A traditional parade of attorneys? Really Evansville? Y'all need to get out more. When is the traditional parade of notaries? Nurses? Sanitation workers? Pole dancers? I gotta wonder, do throngs of admiring citizens gather to laud these marching servants of the constitution? "Show us your billing records!!!" Hoping some video gets posted. Ours is not a narcissistic profession by any chance, is it? Nah .....

  2. My previous comment not an aside at court. I agree with smith. Good call. Just thought posting here a bit on the if it bleeds it leads side. Most attorneys need to think of last lines of story above.

  3. Hello everyone I'm Gina and I'm here for the exact same thing you are. I have the wonderful joy of waking up every morning to my heart being pulled out and sheer terror of what DCS is going to Throw at me and my family today.Let me start from the !bebeginning.My daughter lost all rights to her 3beautiful children due to Severe mental issues she no longer lives in our state and has cut all ties.DCS led her to belive that once she done signed over her right the babies would be with their family. We have faught screamed begged and anything else we could possibly due I hired a lawyer five grand down the drain.You know all I want is my babies home.I've done everything they have even asked me to do.Now their saying I can't see my grandchildren cause I'M on a prescription for paipain.I have a very rare blood disease it causes cellulitis a form of blood poisoning to stay dormant in my tissues and nervous system it also causes a ,blood clotting disorder.even with the two blood thinners I'm on I still Continue to develop them them also.DCS knows about my illness and still they refuse to let me see my grandchildren. I Love and miss them so much Please can anyone help Us my grandchildren and I they should be worrying about what toy there going to play with but instead there worrying about if there ever coming home again.THANK YOU DCS FOR ALL YOU'VE DONE. ( And if anyone at all has any ideals or knows who can help. Please contact (765)960~5096.only serious callers

  4. He must be a Rethuglican, for if from the other side of the aisle such acts would be merely personal and thus not something that attaches to his professional life. AND ... gotta love this ... oh, and on top of talking dirty on the phone, he also, as an aside, guess we should mention, might be important, not sure, but .... "In addition to these allegations, Keaton was accused of failing to file an appeal after he collected advance payment from a client seeking to challenge a ruling that the client repay benefits because of unreported income." rimshot

  5. I am not a fan of some of the 8.4 discipline we have seen for private conduct-- but this was so egregious and abusive and had so many points of bad conduct relates to the law and the lawyer's status as a lawyer that it is clearly a proper and just disbarment. A truly despicable account of bad acts showing unfit character to practice law. I applaud the outcome.

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