How true the below statement truly is. A great article from ILW.COM called Extricating Yourself From the Stress Trap may hit a nerve on this subject. The main problem of course if that law schools simply do not teach anything on managing a law practice.
High stress can be a symptom of a poorly managed practice — or, more likely, an under-managed one. Don’t take this personally, however. It doesn’t mean you’re incompetent. You simply were never taught practice management skills.
Source for Post Lawbiz Blog.
i think puff daddy said it best…."more money, more problems"
I think law used to be more of a deliberate and process oriented profession (way back in the early 1990's when I was in practice). Now everything is based on doing more work, doing it faster, doing it mistake-free and convincing the client they got excellent value. I managed to graduate from law school while using a PC exactly one time. Now, I can't imagine any lawyer or firm not being stocked to the ceiling with every type of technology to manage their practice, save time, decrease risk and market the firm. But the ABA says only about 1 in 6 small firms and 1 in 2 large firms use legal-specific technology. Who says lawyers are rational!? I think we secretly relish our "stress and hard work" image–it functions as our battle scar to prove we were in the war and it is our first crutch when anyone is critical of our profession or the way we do business.