Adopting the Corporate Managerial Model

What are the odds this will be a trend?  Manatt-Phelps (#131 on the AmLaw 200) just changed from a traditional law firm governance model to a corporate-type model, complete with a Board of Directors and a Chief Operating Officer.  The directors serve...

Should You Be Holding a Monthly Press Conference?

A recurrent theme in the managerial literature surrounds the pitfalls and difficulties encountered when a line manager moves up to a "CXO" level position and must simultaneously shed the comfortable involvement with the day-to-day "transactional"...

Rorschach Test on the Mommy Track

The Wall Street Journal front-paged a story today about the barriers women face in attempting to return to the workforce after having taken time off to be with their kids. Horror stories abound:  A woman who last was a prosecutor with the Manhattan DA’s...

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...

Your Partners Aren’t Half as Difficult as Stock Analysts

A new study by two professors at the University of Washington forces one to conclude that the short-term fixation on quarterly earnings among CEO’s and CFO’s of public companies is perhaps worse than imagined.  They interviewed 400+ such people and...

Second Class Treatment?

Monica Bay, the incomparable editor of my favorite new publication, Law Firm Inc., leads off this month with a call for firms to start identifying their senior business-side managers (Executive Directors, COO’s, et al.) on the firms’ websites.  One...
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