by Bruce | June 16, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures
Cue the applause, please: Albeit somewhat cryptic, this strongly suggests Clifford Chance is making a concerted effort to return to something much closer to its traditional lockstep partner compensation model. Called "actively managed"...
by Bruce | June 13, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
The first post-Clementi shoe is about to drop in the UK, and it’s a fascinating one indeed. [For those of you who haven’t been paying attention, the "Clementi Commission" proposed fundamental reforms of the way UK law firms are governed,...
by Bruce | June 12, 2005 | Articles, Compensation, Cultural Considerations, Globalization, Knowledge Management, Leadership, Practice Group Management, Strategy, Technology strategy
Just why is that "doing" Knowledge Management at law firms seems so hard? Is KM itself simply an ineffable concept, meaning that virtually no two people agree on what it means? (And that, when they then try to go about it, the results are what...
by Bruce | June 10, 2005 | Articles, Compensation, Finance, Globalization, Leadership, Strategy
I wrote a few days ago about "the cautionary tale of Coudert," but with more background emerging from Legal Week’s excellent coverage, some additional insight into the firm’s truly alarming predicament is possible. Let me preface all I’m...
by Bruce | June 5, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, M&A, Strategy
Apropos the results of the readership survey, which found a high number of respondents worried about the seemingly relentless consolidation of the legal industry—apparently from both those participating in the consolidation and those wanting to be left...
by Bruce | June 2, 2005 | About the Site, Articles, Compensation, Cultural Considerations, Finance, Globalization, Knowledge Management, Leadership, M&A, Marketing, Partnership Structures, Practice Group Management, Technology strategy
The long-awaited results (speaking for myself, at least) of the famous first-ever "Adam Smith, Esq." Reader Survey are now in, and I hasten to share them with you, dear reader, as audience participation was extremely strong, and gratifying. My...