Today, Lydia DePillis wrote on the Washington Post “Baby boomers are taking on ageism – and losing”. It tells the story of a senior GC failing to land a job in modern economy. Apparently, “Old Economy Steve” is too old for working on a profession that, paradoxically, requires experience and wisdom.
Become a real lawyer requires being exposed to the right life experience. Applying legal concepts and solving legal problems need situational and emotional intelligence. This is acquired by practical knowledge. Time and will is necessary for developing pillar skills for performing amazingly in any legal job: Ownership, resilience and curiosity.
In law, age is an advantage because is safer to bet on the seasoned lawyer. She/he eats newbies for breakfast. This is why old lawyers get shift done. Infographic below tried to convey this concept in a simple way.
Photo Credit: www.bigstock.com / Business exchange concept as two human hands from diverse cultural backgrounds exchanging financial and economic information and training as a metaphor for team success.
The business year ended a couple of weeks ago. A fair year for business in Mexico with the traction provoked by the opening markets (telecom, energy, transport, etc.) Numbers on this blog were good too. Here are some statistics I would like to share with you.
The blog had 1.4 Million hits with a more than 86 thousand visitors. This is a slight improvement from previous year.
As to the most popular posts, below is the list, if you want to read them:
1 – What Would the Trans-Pacific Partnership (TPP) Mean for Mexico?
2 – Wind Power Opportunities in Mexico
3 – Mexico to Spend $100 Billion Dollars to Develop Shale Resources
4 – Mexico Reforms Attract U.S. Investors
5 – Chrysler invests US$1.2 Bn in Mexico and could cast away the IMMEX drawback
6 – As expected, Mexican telecom operators are showing tough love
7 – [INFOGRAPHIC] The US$590 Bn Mexican Infrastructure Plan in a Nutshell
8 – What if IFETEL Mexico unleashes the unseen power of free?
9 – Mexico Consumer Entertainment Spend Grows Rapidly; Now at 4.5 Billion USD
10 – Televisa and Telmex on two legs after Watchdog resolutions
The most popular searches were related and around to these topics:
1. Green energy investment.
2. Telecom antitrust proceedings.
3. San Diego – Tijuana business traction.
4. Construction companies in Mexico.
5. Oil drilling opportunities.
We have planned many projects for this year and hope all readers and sharers support this blog. Stay tuned.
Photo credit: Rear view of the business lady who is looking for the new business ideas. Blue growing arrow as a concept of successful business. Business icons are drawn on the concrete wall. / Bigstockphoto.com
I just read the post from @JohnGrimley “Lawyers rush to win new work from the Trans-Pacific Partnership (TPP).” It just makes you wonder of the future of lawyers in Mexico.
TPP will free the major trade zone of the world with over 40% of global economy, and excluding China, for now. Mexican Ministry of Economy promised to release public versions of TPP for public discussion on November. TPP is set to discussion by Senate during Q2-2016 for approval or rejection.
Fine print is still unknown, so is not possible to learn if will open legal services market in the region, as it has happened in some Asian countries. It happened with NAFTA, partially.
The key items to watch for Mexican lawyers are: Licensing and bar requirements to practice law, dispute resolution on investments, will lawyers be uberized and if Mexico will dimishing application of civil law system. Unquestionably, the debates and answers will put some pressure on big law and judicial system.
Now, Mexican lawyers have incentives to compete with other TPP firms. Is it time for a NewLaw strategy?
Advocacy Concept by tashatuvango / Bigstockphoto.com
FinTech revolution is happening around the world. While sound financial institutions are exploring business possibilities, the real deal is happening in the startup scene. Bitcoin is just one of them.
Beyond decentralizing payments system around the world, Bitcoin is set to aid several industries. Legal services are a growing niche.
Mifiel is a Guadalajara-based initiative launched by the same team behind Volabit, a bitcoin transfers and exchange service in Mexican pesos. Mifiel allows Mexican people to use its electronic signature developed and supported by Mexican Ministry of Finance (FIEL) to sign any type of document.
Potential is clear for certification services, but in fact many other legal services could benefit. Namely e-discovery, M&As, contract management and judicial/administrative proceedings.
As NewLaw by non-lawyers is pushing traditional legal services to tech-driven law practices, Bitcoin could deliver the legal certainty for the rest of us.
The question is: Who will dare to become incumbent? Lawyers or Non-Lawyers.
Photo credit: Close Up 3D Illustration Of Paneled Golden Bitcoins by mdorottya / http://www.bigstockphoto.com
During 2013 and 2014, Mexico pushed estructural reforms on several sectors: Energy, telecoms, financial system, and many others. These reforms are building conditions for Mexico to attract investors, and of course, corporate law have been needing a revamp for years.
Right now, Senate is discussing an amendment to corporation law to give the ultimate flexibility to limited liability corporations (SRL), as investment vehicles. If approved, SRLs could be incorporated and liquidated using a new electronic system, which would be connected to the Registry of Commerce and Ministry of Finance, charge free.
On the other side, the House of Representatives is discussing another amendments to corporations law to reduce number of stockholders from SRLs, i.e. create sole proprietorships. For over a decade, legislators have opposed to that amendment, under the argument of preserving our roman law tradition of affectio societatis (will to associate).
If implemented right, the new flexibility offered by SRLs could open seed rounds to early stage startups, along with a stand-by robust corporate control ready to be triggered, if success happens.
Times are changing, and the world is full of tiny entrepreneurs. No jobs, all the opportunities. If Mexico wants to land them, this tiny reform to corporations must be a tree from a big deregulation forest to see.
Photo credit: Making Money – Conceptual – Table saw cutting dollar signs – 3d render with motion blur and selective focus by JohanSwanepoel / Bigstock.com
2014 is done. Business in Mexico was quite active in response to reforms in progress by Peña Nieto Administration. Some industries like energy, telecom, antitrust and financial services are on the spotlight, but all together with education, tax and judicial pretend to set a backbone for a new Mexican economy. Of course, foreign investment caps were reduced in some areas.
Mexico kept investment attraction with its free trade strategy, some governments with remarkable interest were UK, China, Japan, Singapore, California and Los Angeles. This strategy was fueled by negotiation efforts with the Pacific Alliance and TPP, and efforts to integrate more with the US.
Most of the attention was attracted to oil and gas, the Mexican Eagle Ford, the solar potential and the liberalization of clean energies, and the moves of related industries to the opportunities. Here is a summary of the energy reform to see the big picture.
Telecoms was another industry that was shaken by the reforms. Historic reform indeed, specially on broadcasting. Reform tried to set fair market conditions for everyone, and some were taken to court. Regulator learned the high cost of constitutional autonomy. All these changes deserved an ethical hacking on the new telecom law and regulation, specially on three hot topics: Telmex on TV, the arrival of Virgin Mobile and telecom antitrust.
Sectors like automotive and manufacturing grew strong during 2014, as expected. Aerospace is now following that path. Mexico is living a manufacturing momentum and if combined with R&D, could take it to the next level: a technology hub. During 2014, the Government announced a $590 Bn infrastructure plan, which is expected to boost in 2015.
The business opportunities are creating great expectations around the services industries. Lawyers, among other services firms, are moving to Mexico. Some of them under new law business models, as the global law industry is being shaken. Mexican legal market will have a very different landscape at the end of 2015. Quite diverse if new law moves from experimentation to business phase.
2015 is expected to be great for Mexico and those who believe in this momentum. Have you found an opportunity yet?