It’s Post-9/11: Where’s Your Business Continuity Plan?

Disaster management and crisis recovery are ugly topics, but in the post-9/11 world, not-dealing with them is not an option.  [Full disclosure, as they say in journalism circles, before they typically disclose something utterly trivial and profoundly beside the...

Partnership Compensation: “Disequilibrium” Rules

Lockstep, modified-lockstep, lockstep with pay for performance, or pure "eat what you kill?" This is an issue which has not, to say the least, achieved equilibrium.  "Equilibrium" in economics means something akin to what "climax...

Blindingly Obvious (To Those Who Would See)

Reed Smith is launching what is, so far as I know, the first of its kind collaborative partnership with the Wharton School of Business at the University of Pennsylvania.  Called "Reed Smith University" (RSU), the program is a customized "executive...

“The Law Breeds Immature Business People”

At least according to the Financial Times, in an article about the difficulty of crossing the chasm from senior associate to rain-making partner.  In part the difficulty is a familiar one and one we’ve rehearsed before:  Lawyers are simply not trained...

A General Counsel for the Counsellors?

Does a law firm need a General Counsel?  While the notion of piling lawyers on top of lawyers may seem counterintuitive, let’s step back and play one of my favorite thought experiments:  What (if anything) in the nature of a law firm as a business...

What if the AmLaw 100 Were Managed Like the Fortune 100?

Can we all agree that "leadership" is an indispensable ingredient that can separate the truly exceptional firms from the wannabes?  Yes, thank you.  Now, can we define "leadership?"  I for one cannot, but I usually turn to my...
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