Physician Employment Agreements
Practice Area Focus
Agreements that work for you.
Everyone likes to think that they can negotiate, that they are smarter, and that they are more prepared.
Yet everyone can’t be right. While the car salesman wins, the hospital administrator earns more, and the CEO gains a golden parachute, physicians silently work harder for less.
Others win by making it easy for you to fail to get what you want. By misdirection. By distraction. By ambiguity. By legalese.
We like to pull back the curtain and reveal some secrets that physicians tend not to believe. You may think the law is dull and full of people who have nothing better to do than wear suits and make up a new evil laugh. Well while we do admit that we look snappy in our suits and occasionally laugh at lawyer jokes, we also want to tell you that there are some spectacular results that can be achieved by harnessing some powerful forces – words, time, and the law.
They are our secret sauce we use to refocus negotiations so that your employer will help you succeed, and may be bound by a written contract to help your career and give you control.
Our plan for your success is simple. (1) We provide the level of service that you need. (2) We teach you so that you understand and can use the negotiation process and norms to your advantage. (3) We interpret, analyze, and inform you of the legal consequences of your contract and give you options to create a healthy system for you to work that makes economic sense. (4) We prepare you to win in the long term by using the negotiation process to sound out your employer and build a positive long term relationship.
Could you learn the legal aspects and negotiation process yourself?
Of course, but it isn't trivial. Education, even if informal, is costly. We minimize the costs to you by allowing you to learn the essentials and to delegate the legal problems to us. We know what is important and how to broker a deal.
Why should you go to us rather than someone else?
We adapt our practice to our client's needs.
To state the obvious, we would be your gunslingers, sharks, peacemakers, and foxes and we would be ethically bound to serve your interests, not someone else’s interests. We know every client isn't the same. We have to spend quality time understanding our clients since our friends and family are doctors, nurses, and health care financial gurus.
To restate the obvious, experience, sweet words, and other pomp and circumstance (although we have them) are just poor proxies for having a nuanced understanding of a problem, having the time to invest in solving the problem, and responding to the inevitable changes in “a plan” with determined creativity. It is more important to us that your career lives on, rather than dies on the table honored by our presence.
To belabor a point, we make it simple for you to succeed. We offer fixed fees or variable fees based on your needs and work towards your goals, not ours.
If you are interested in building relationships, and getting some measure of control over your career, contact us and set up an appointment.
A simple proposition - it isn't just money.
Contracts are relationships, neither are simple, and in both you may wish you had ground rules. Unlike relationships based on an handshake you get to remove doubt about the future with a solid contract. We know what is a healthy contract and a healthy work relationship. Contact us.
Money grows (by planting seed money).
If you know how and what to negotiate, you can save money or earn more money every single year. By creating seed money, you can invest it into your future.
Your compensation should be a living thing. For instance, you effectively take a pay cut if you don't account for increased living costs and product prices. To buy the same things 30 years from now, a $150,000 salary should have increased to over $430,000 (based on the past 50 years of data). Over thirty years about 3.5 million dollars of buying power is lost.
Why not plan for the future and avoid hard feelings and litigation?
If a professional gets a 10% signing bonus, initially earning 5k more on an 50k salary, over the course of 30 years (compounded yearly at 5%) they earn over 20k from that initial bonus.
The Short Answer...
The short answer is hire us and we will maximize your chances. We can do this because we look ahead.
We increase the productiveness of the relationship you will have with your employer.
We center on what is important to you whether it is money, family, prestige, or job stability and build systems to make this happen.
We prevent traps like dysfunctional incentives, power imbalances because of H-1B immigration status, restrictive covenants like non-compete clauses, and vague terms that allow employers to assert more control over you and impose additional work duties upon you.
We apply more than just the “standard solution” to your problem, we actually think about it.
The Long Answer...
The long answer is every act produces not only one effect but a series of effects. Of these effects the first alone is immediate and obvious. The other effects remain unseen because they are not immediate. The trick is to foresee these effects.
This trick differentiates professionals from each other. Some only confine themselves to the visible effect because of the costs to themselves. Others see past the obvious and takes into account both the effect that can be seen and the those effects that must be foreseen.
The difference is tremendous. Frequently if the immediate consequence is favorable, the later consequences are disastrous, and vice versa. If an attorney only sees the small present good, clients are left with hidden dangers. Yet, if an attorney can see these traps then he can change them to positive effects, at the risk of a small present cost.
Good attorneys experience a necessary and painful evolution. Ignorance surrounds him when he is in the cradle. He is impressed by the first consequences and flashy results, the only ones in his infancy he can see. It is only after a long time he learns to account for the less obvious ramifications of his actions. Two very painful masters teach him this lesson: experience and foresight. Experience teaches efficiently but brutally. It instructs us to all the effects of an act by making us feel them. We cannot fail to learn eventually from having been burned ourselves, that fire burns. Yet for most, despite its brutality, experience is a patient and overly precise teacher. Eventually can be a very long time, and the lessons are brutal because of they only apply to exact facts of the situation and encourage attorneys to distance themselves from their clients.
Some us learn to bob and weave before we are hit, and to put on oven mitts before stick our hands into the fire. Our teacher, foresight, requires a higher initial price than experience and allows us to put ourselves in the shoes of our clients. Foresight works whenever there is bone-wrenching commitment to seeing the truth no matter how painful, and accounting for it before the hidden consequences burn or bloody us. It requires knowing when to start a fight, to take a hit, and to capitalize on the lessons of experience. It demands faith that we are creative enough redefine our situation so that we have a shot at winning with the last punch, or a trusty oven mitt.
So ask yourself, how do you define winning?
(Thanks to Frédéric Bastiat for his significant contribution. “He” is only used as a convention, nothing more.)