American Lawyer: Q&A with Steve Solow
Read the full article here: Seeing Advantages in Solo Practice, Big Law Partner Launches Firm for Compliance, Monitorship Matters (behind paywall)
The week his new firm launched, Steve spoke with American Lawyer Media reporter Abigail Adcox for a Q&A that appeared in the National Law Journal and The American Lawyer. Their conversation explored his new professional venture in regard to both his new firm and his work with Affiliated Monitors, Inc. We encourage you to view the full article at the link above (behind a paywall). Below, a few excerpts for those of you who don’t subscribe:
Q: What are some of the advantages you foresee running your own firm compared with working in Big Law?
Solow: For me, it is an opportunity to really try and focus my time and energy on the work that I think is most interesting and most challenging….Also, working with Affiliated Monitors was a tremendous opportunity. I really admire them. I’ve sent clients to them. And so that was part of the equation.
Q: What are the types of services that you are hoping to offer at your firm and why join Affiliated Monitors at the same time?
Solow: At the firm, [my services] would be not really much different than what I have in the past. Oftentimes, when either corporations or organizations or individuals are trying to figure out whether they need to improve the way they’re managing their compliance efforts, or they need to address a compliance shortcoming, or they’re the subject of an inquiry or an investigation, I’ve worked with them in every one of those phases to try and identify a path forward to emerge having addressed these issues in a productive way.
[At Affiliated Monitors], I will be one of a group of managing directors. Affiliated [Monitors] is unique, there really isn’t another organization or entity like it. All they do is monitor work and they have brought together really a remarkable group of people to do that work. And so I’m already busy with them, looking into some monitor opportunities, that I think can be very exciting and interesting.
Q: What have you seen in your practice over the past couple of years in terms of the demand for corporate monitorships and this type of work?
Solow: Monitorships are going to be very important going forward. On the one hand, you will see monitorships that are imposed. Where something has happened. The view is that an entity needs an outside party to help them move forward. But there’s also a lot of circumstances where organizations want someone to come in and help them forward.