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Doug Wallace was born in 1949 in Big Rock, Tennessee. The third oldest of eight children, he was born into generational poverty with an alcoholic father and a battered mother. Doug and his siblings lived a transient lifestyle throughout their childhood and adolescent years, always lacking in proper food and medical care.
Less than one percent of victims of generational poverty escape that way of life, but Doug joined that One Percent Club when he received a Juris Doctor from Woodrow Wilson College of Law in 1976. He opened his own law firm immediately upon graduation from law school and two years later expanded his firm to form Wallace & deMayo, P.C. During the next twenty years his firm grew to become the largest of its specialty in the United States.
In 1996 he created the first legal network in the nation when he formed the National Attorney Network (NAN). NAN was as a way for smaller law firms across America to market their services to Fortune 500 companies. Three years later, NAN had become the standard by which law firms managed their practice, representing hundreds of banking law firms, with locations in every state. In 1999 Doug merged the law firm and NAN with Synovus Corporation, a large regional bank, in a first ever merger of a major law firm with a NYSE bank.
Doug retired from the practice of law in 1999 to become a consultant to entrepreneurs and to pursue his lifelong dream of writing. Doug has been as a contributing writer of op-ed and perspective pieces for Bankers Daily Reports, Bankers Monthly Magazine, Credit Card Management, and various trade magazines throughout his career. Doug's book "Everything Will Be All Right," is a memoir,published by Greenleaf Book Group, an inspiring story of the unimaginable challenges he had to overcome while working his way out of poverty.
SHARE Saturday, June 20, 2009 The Audacity of Hubris
Today's economy is causing the middle class and the poor alike to grapple with rapid and profound change. Americans are looking to our leaders to solve the myriad problems, but the track record so far is dismal.
Every day we hear news that another company is laying off workers in an effort to cut cost. However, it isn't the employee who is lacking in productivity and running up the cost. The employee is not the problem.
(13 comments) SHARE Wednesday, June 17, 2009 What would your son do if confronted by a bully? Fight or walk away?
The policies of school administrators in dealing with bullies at school unwittingly favors the middle class. Impoverished children suffer self-image issues and live in a culture of poverty that makes fighting a badge of dignity. Children of the poor don't fight because they are bad, but rather because they perceive it as the only way they can earn respect and maintain their dignity among their classmates.