How to Spot the Rainmaker: The Morning Minute
The news and analysis you need to start your day.
October 25, 2023 at 06:00 AM
3 minute read
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WHAT WE'RE WATCHING
WHAT MAKES A RAINMAKER? - So, you want to be (or hire) a rainmaker? The "Rainmaker Genome Project," from Intapp and DCM Insights, set out to determine the traits of professionals who actively drum up business by surveying nearly 1,800 partners from 23 professional services firms, classifying their traits in five categories: "activator," "expert," "confidant," "debater" and "realist." Matt Dixon, founding partner of DCM, told Law.com's Patrick Smith that the activator exhibits a series of characteristics that make their business development efforts successful. "They are network builders, virtually and live," he said, but added that what really makes activators effective is being proactive and consistent about business development.
FUNNELING INTO FUNDING - The roughly three dozen law clerks who emerge each year from working alongside a justice of the U.S. Supreme Court have a ticket to the top of the legal profession. Traditionally, that has meant prestigious government positions or lucrative law firm jobs. But, as Law.com's Jimmy Hoover reports, over the last two decades a group of ex-law clerks, including some former Supreme Court clerks, have chosen to enter the emerging industry of litigation finance. "It's a path that wasn't available 20 or 30 years ago, largely because in the U.S., this as an asset class or industry didn't exist at that time," said Travis Lenkner, a former SCOTUS clerk who became an early player in the litigation finance market.
ON THE RADAR - Boston Market and other defendants were hit with an employment class action Oct. 20 in Colorado 1st Judicial District for Jefferson County. The lawsuit, filed by attorneys Alexander Hood and Brianne Power, accuses the defendants of failing to pay lawful wages and engaging in deceptive trade practices. Counsel have not yet appeared for the defendants. The case is 2023CV031405, Busby v. Boston Market Corporation. Stay up on the latest state and federal litigation, as well as the latest corporate deals, with Law.com Radar.
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