Most of what lawyers do is folklore

Steve Jobs figured this out about business. Lawyers should too.

Steve Jobs once said something that stuck with me. He’d been running Apple for a few years and noticed that nobody in business could explain why they did what they did. The answer was always the same: “That’s just the way it’s done.”

He gave this example. Apple’s accountants used something called “standard cost.” They’d guess what something cost to make,…