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© Copyright 2005 Major, Lindsey & Africa Ten Questions You Should Ask Yourself Before Choosing A Practice Area
© Copyright 2005 Major, Lindsey & Africa 1. What Do You Like to Deal With? People Things Ideas Money/Business
© Copyright 2005 Major, Lindsey & Africa 1. What Do You Like to Deal With? People oEmployment oEntertainment oExecutive Compensation oFamily oImmigration oTrusts & Estates oWhite Collar Criminal
© Copyright 2005 Major, Lindsey & Africa 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
© Copyright 2005 Major, Lindsey & Africa 1. What Do You Like to Deal With? Ideas oAdministrative oAntitrust oAppellate oERISA oIP Licensing oLitigation oNew Energy oTax
© Copyright 2005 Major, Lindsey & Africa 1. What Do You Like to Deal With? Money/Business oAntitrust oBankruptcy oCorporate oHealthcare oInsurance Coverage & Defense oInternational Trade oSecurities Litigation
© Copyright 2005 Major, Lindsey & Africa 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
© Copyright 2005 Major, Lindsey & Africa 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
© Copyright 2005 Major, Lindsey & Africa 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
© Copyright 2005 Major, Lindsey & Africa 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
© Copyright 2005 Major, Lindsey & Africa 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)
© Copyright 2005 Major, Lindsey & Africa 7. Do You Mind Dealing With Emotionally Charged Situations? Emotionally Charged Practices oClass Action Litigation oEmployment oFamily oInsurance Defense oTrusts & Estates oWhite Collar Criminal
© Copyright 2005 Major, Lindsey & Africa 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
© Copyright 2005 Major, Lindsey & Africa 9. Are You Comfortable With an Adversarial Practice? Direct Conflict oCorporate (Regulation) oBankruptcy oLitigation (Except Smaller Bars) Waiver oLitigation
© Copyright 2005 Major, Lindsey & Africa 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
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