Hey guys, random question: why do you think being innovative or entrepreneurial is important for trainees at law firms? I get why it matters for senior lawyers, since they’re more directly involved in creating client solutions and driving business development. But I’m struggling to see the link at trainee level -- how does it actually connect to a firm’s business model?
Hi
@dannyp123 that is a great question! I agree with you that being entrepreneurial is a quality that increases in importance as a lawyer progresses in seniority. As a partner, clients will rely on you to be at times a general strategic advisor and to understand their business like the back of their hands. As a trainee, you will instead be tasked with more standardised tasks which generally do not require a very significant degree of innovative commercial thinking.
That said, an entrepreneurial mindset is still a desirable trait in a trainee. Firstly, as
@Donuttime mentioned, being entrepreneurial means having a more innovative and critical attitude in the way you approach your work, which can be valuable even for the standardised tasks trainees normally work on. Standard procedures and ways of working often need to be adapted to the particularities of a client's situation and their specific requests - particularly when clients have very tight deadlines and always expect legal work to be perfect and delivered yesterday. Even at the UK firms which operate a more organised and classroom-style training programme, you will not have exact step by step instructions as to how top perform every task in every situation. In this context, being entrepreneurial would mean you are capable of figuring out a commercially-efficient solution without being hand-held by your supervisor.
Secondly, it could be argued that a degree of entrepreneurial thinking is involved in the performance of the standardised tasks themselves. For instance, in an M&A context, as a trainee/junior associate you will at times have the opportunity to draft ancillary documents and clauses. Of course, you will seek to use language which makes the terms as favourable to your client as possible, while the lawyers on the other side will be seeking the same thing. As you go back and forth and redline each other's proposals, you should try to be creative and find solutions/make compromises in a way that is most advantageous to the client. This is an exercise in innovative thinking and problem solving in a business context, which is what an entrepreneurial attitude is all about.