Law firm structuring and business strategy: The untaught fundamentals

I've been getting many requests from colleagues setting up their law firms to go and speak to them. Unfortunately, I have not made time. Let me do a thread.

This is the traditional law firm pyramid structure. The legal market is always in flux, with talent moving from law firm- law firm, law firm-in house, in house-law firm, law firm- government/public sector, govt-law firm, law firm- NGOs, etc and it is very normal.

It is also common now to augment other professionals in the pyramid

The tragedy is that some of our agemates have fallen for the scam that we are "lazy and entitled", and have even become purveyors/apostles of that false narrative. 85% of land in Uganda is owned by 65+, the smallest & least productive age group. This influences credit, jobs, etc

https://twitter.com/DrSerunjogiEmma/status/1655987131922120711

Many youth will crowd in software business/assets because of low entry barriers. That is why the Internet & social media are first frontier for many students & graduates. Offers remaining hope of participation in the economy.

We shouldn't allow anyone to kick away this ladder.

Elon Musk, Twitter and Leveraged Buyouts (LBOs): A thread

It is now official that an entity controlled by Elon Musk will acquire Twitter for $44 billion, making it a private company on completion of the deal, subject to shareholder and regulatory approval.

Here are a few basics Essentially, the deal is a Leveraged Buyout (LBO), which is a corporate finance transaction where a company is acquired using debt as the main source of funding.

It is an effective tool for acquisition of companies that are mature, stable and profitable. Twitter is an example.

Elon Musk's Twitter bid and hostile takeovers: Corporate Law and Strategy

A thread.... Elon Musk has launched a $43bn hostile takeover of #Twitter by offering $54.20 per share in cash.

This is hostile takeover strategy is known as a tender offer (an offer to purchase stock shares from a target Company's shareholders at a premium higher than the market price)

Economic Agility in the Face of COVID19 and the Soul of the Ugandan Economy: A Personal Reflection

So, the "COVID Fish" is ready for harvest. A few months ago, I shared a brief story on how the race for economic survival had forced me to venture into #fish farming. A thread... When #COVID19 erupted, I initially thought that it would be a passing wave. In March 2020, I travelled to Germany in spite of the unfolding global public health risk. I was only lucky that Uganda went into full lockdown just 2 days after I had returned.

LDC and the legal profession in Uganda: Theory vs Reality

There is a general belief/perception that Advocates are generally rich and influential people in society. This perception has driven many young lawyers to undertake the Post-Graduate Diploma in Legal Practice Court (LDC) Unfortunately, this perception is most times not informed by proper career advice. Matters are not helped by the dogmatic way in which the Bachelor of Laws (LLB) program is structured and delivered in universities, without consideration of career options other than the Bar.

The biggest fallacy of our time is thinking #technology is the panacea to all our problems. Street CCTV debate in #Uganda suffers from same limitation. Human element is still going to be relevant for very long time in analysis/interpretation. #Security should attract best brains. Technology is only an aid/enabler. It is not the solution in and of itself.

A famous technologist once remarked that;

"Technology is not a substitute for competence."

Had a deeper conversation with the security officer who impounded our bodas. He's surprised many young professionals invest in bodas, rolex sigiris,etc. We provide capital & our cousins, brothers, sisters, etc do the work. Not ideal for us to venture there, but that's the economy Ideally, the informal and semi-formal pockets of the economy should be an arena of the low-skilled & least qualified, but situations like ours drive even graduates to seek for survival in the lowest segments of the economy. No job is too small when you are hungry.

Last weekend, I made a threat on the ongoing #SocialMedia shutdown in Uganda and some implications on the future of #internet & Uganda's #digital agenda.

The thread attracted a lot of engagement and questions. Tonight, I will share some final thoughts on the subject. (1) Conceptually, social media sites are the largest on-boarding platforms for internet users in Uganda. Notably, Facebook, WhatsApp, Twitter, Instagram & Snapchat attract the highest internet traffic- which drives demand for other platform services e.g Google and Zoom recently.