Multinational or Global? US or UK?

Is the Atlantic "pond" bridge-able by Wall Street and Magic Circle firms?  Or are the cultural and financial schisms simply too large? This provocative Legal Week article argues that the difference in approach and attitude between US and UK firms is...

It’s Irresistible to Speculate

Rumors of the death of the binary distribution trend have been exaggerated.  By "binary" we mean the increasing dominance of the multinational-or-boutique model, with less and less room for the mid-sized firm.*  Speculation about who’s next...

Game the Numbers? Moi?

Profits per partner?  Would that be equity-only or equity and non-equity?   How about revenue per lawyer?  And have you accounted for recourse and non-recourse debt?  Don’t New York billing rates skew the numbers? And, most important, is the...

Turning SOX Into Lemonade

Price Waterhouse Coopers has a thoughtful, and lengthy, whitepaper laying out their vision of a "Governance, Risk, and Compliance Operating Model" (it’s consultant-speak; they can’t help themselves) which actually embodies a belief I’ve...

Nobody Ever Got Fired for Hiring Skadden

In what it would be convenient to characterize as more evidence in favor of the consolidation trend mentioned in the Wilmer-Cutler/Hale & Dorr posting, this article discusses New York firms’ successful invasion of Silicon Valley.  They have opened new...

Welcome to the AmLaw Top Ten

One of the last things I intend to do with this blog is to report on breaking news, but the Wilmer-Cutler/Hale & Dorr merger is worth a few words. The merger is being commonly described as "offensive," to differentiate it from the more common...
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