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About TrialPrep

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  1. Crypto Currency and Law

    On the issue of cryptocurrency more broadly, I think for a cyrpto to function as a currency, it would need to perform better than fiat in terms of 1. speed; 2. transaction cost; 3. security; 4. price stability; 5. money supply management; 6. widespread acceptance; and 7. the ability to trace and clawback transactions, for example if a judgment were rendered against a party. So far, no crypto offers all of these. But it is interesting to watch the competition as improvements develop. One of the biggest issues in achieving these goals is the argument for/against decentralization. On the one hand, a decentralized currency would not be subject to human error from a government that borrows too much, or a central bank makes an error with setting interest rates, but on the other hand, a decentralized currency would be difficult to clawback and may be impossible to manage. Some argue crypto does not need to be a currency but can be a place to store wealth. I do not see any value in that because nearly anything can be purchased as a means to store wealth. So unless a cyrpto figures out how to be a currency, I can't see this taking off much further than it has already. However, if a cyrpto does achieve the above factors, it could be huge.
  2. Firm Perks

    Being self employed, if you're incorporated, couldn't you top up EI instead of taking a dividend?
  3. Crypto Currency and Law

    A contract is about documenting a meeting of the minds between the parties. A lawyer interprets what the parties want to exchange and then drafts the conditions in the contract upon which the exchange takes place when the contract is executed. I’m not sure how a machine could automate that process unless the machine was able to communicate with people on a higher level than most people can communicate. If Siri is any indication, we’re a long way off.
  4. Crypto Currency and Law

    That's true, but the same happened to many mining solicitors here in Vancouver when the mining sector dried up. I've been highly skeptical of bitcoin since I first looked into it about five years ago. I'm honestly shocked that it's still here. But the trend is real.
  5. Crypto Currency and Law

    This isn't about investing in crypto, it's about how lawyers might position themselves to work for clients involved in cyrpto. As more people get involved with larger amounts of money, the potential for legal work increases.
  6. Crypto Currency and Law

    The total market cap for cyrpto went from $18 billion at the start of 2017 to $600 billion at the start of 2018, according to coinmarketcap.com. I know of some securities lawyers in this space. If I were an up and coming solicitor looking for a niche, I would take a close look.
  7. Screwups and Faceplants

    These are the things they don't teach in law school. Getting past the case conference and having short leave shouldn't be an issue for denial of parenting time, but the fact that the opposing lawyer did not seek your availability is just inexcusable. She could have received your availability and then argued you were not available soon enough, at which point she should offer to present to the court any letter you may wish to write explaining your client's position. She should then appear in court and present both sides of the case, with the duty of utmost good faith, which is the standard on without notice applications. Oh well, I guess her client loses out on a holiday season with his kids.
  8. Screwups and Faceplants

    That’s funny. The lawyer was out of line clearly. That’s said, there’s a master in Vancouver who has been going on a tear adjourning interim applications for procedural reasons. Denial of parenting time is an issue that should not be subject to a strict pedantic interpretation of the rules for varying interim orders. “What’s the change in circumstances?” “I can’t see my kids.” “Well you couldn’t before either so you have failed to meet the first element of the test. Adjourned.”
  9. Boss Placed Me On Probation

    OP don't ignore bob's thoughts, and don't ignore mine either, ultimately it is your difficult decision to make. The reason I disagree with bob is he disregards that it's inappropriate advice from an employer, regardless of how sound the advice may be. A new employer is not your friend. What I glean from your posts is that your employer is not likely to make any accommodations for your circumstances. Therefore, suffering through it will likely be more harmful than breaking away quickly. You can still follow the advice given, on your personal time, for these suggestions are not employment related. It's good that you've sought input, and whichever decision you make, try to stick to it without looking back or second guessing.
  10. Boss Placed Me On Probation

    Here's the thing, your boss is putting all of the blame for why things are not working out on you. There's nothing in that list of 14 items regarding how your boss is going to make any adjustments or help you at all. Your boss hired you, and therefore she bears the responsibility of selecting someone who is the right fit. Not you. There is a significant power imbalance here, and your boss benefits by having an employee on extended probation. The boundaries crossed are way out of line. It looks to me like this arrangement was set up in a way for your boss to be able to say to herself that she's helping you, and rationalize keeping you down. The sooner you get out of there, the more quickly you can wipe this line for your resume. Just my two cents.
  11. Boss Placed Me On Probation

    Your boss sounds like a narcissistic passive aggressive sociopath with a borderline personality disorder.
  12. When does an associate become partner?

    The partnership conversation is a complicated one, but at its core, there are only two primary factors. One, how much do you bill, which indicates your value as an associate, and two, how much work are you responsible for bringing in, which indicates your value as a partner.
  13. Alternative career paths

    The legal market for policy work is still competitive for new calls. After 3-5 years in private practice, more opportunities open up to do paid policy work, either for government or in house at companies. One way to gain an advantage early on is volunteer to sit on boards of directors where you will gain experience working with policy for corporations and / or societies. Many east van based organizations are often looking for volunteer directors with legal education.
  14. Screwups and Faceplants

    My client wanted something that I thought she had 0 chance at getting, and I advised her to waive it. She did. Turns out the other side would have granted some pretty big concessions to make her request go away if we had stuck to it, but we had already waived it. KMS.
  15. Making mistakes

    There are big mistakes and small mistakes, and most mistakes will not lead to a lawsuit, that's true. And almost all mistakes can be remedied if they're caught in time. But when you make a mistake, it's hard to tell whether it's a big mistake or small mistake because you don't realize you're making it. You're lucky if you realize you've made it before it's too late. I've only had to call my insurer once when someone threatened to sue me because they didn't like the settlement they entered. Nothing came of it. And I've made hundreds of mistakes. But I don't for a second forget how fortunate I am, for any of those small mistakes could have been a big mistake that blew up into a lawsuit, or law society complaint (which arguably is worse because of how public it is even if you're innocent, and there is no insurance). Also, I realize you're in big law where systems are in place to prevent mistakes. I was out practicing with a small band of scotch loving litigators very soon after being called. It was fear and fear alone that kept me out of trouble. I've got a file right now where I'm up against a first year call and there are millions of dollars of assets in dispute. That lawyer needs to be very, very careful (heck, I do too). Edit: I realize lawsuits are public too but a decision can usually be avoided and if you win, the decision will be positive.