Douglas Wallace was born in Big Rock, TN. The third oldest of eight children, his family was enchained in a cycle of poverty that had strangled four consecutive generations.
Few victims of generational poverty escape the cycle, but Doug succeeded when he received a Juris Doctor degree from Woodrow Wilson College of Law in 1976 and opened his own law firm two months later. Two years later the firm expanded and Doug became CEO of Wallace & deMayo, P.C..
In 1994 he formed the first nationwide legal network, using proprietary software to link specialized law firms in every state into a single network. Doug became the Managing Director and CEO of the National Attorney Network (NAN) in 1994. In 1999 Faulkner & Gray listed NAN as the largest legal network in the country. The Nilson Report in that same year listed Wallace & deMayo, P.C. as the nation’s largest legal firm in its specialty. As the CEO of both NAN and Wallace & deMayo, P.C., Doug merged both companies in 1999 with Synovus, a multi-billion, multi-financial services corporation, 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 and to pursue his lifelong dream of writing. Doug has been a contributing writer of op-ed and perspective pieces for Bankers Daily Reports, Bankers Monthly Magazine, Credit Card Management, and various trade publications throughout his career.
Doug's first book,"Everything Will Be All Right, a Memoir was launched on October 1, 2009. His memoir won an Indie award for best nonfiction in December 2009. His book is now being used by universities, high schools, and middle schools in social studies and the behavioral patterns of children born into generational poverty.