by Bruce | April 27, 2018 | Articles, Business Models, Compensation, Finance, Leadership, Partnership Structures, Recruiting, Strategy
The compulsively readable James Stewart of The New York Times, who authors the weekly “Common Sense” column, which ranges widely across the business landscape, just published “$11 Million a Year for a Law Partner? Bidding War Grows at Top-Tier...
by Bruce | March 6, 2018 | Articles, Finance, Partnership Structures, Practice Group Management, Recruiting
Our good friends at Leopard Solutions have just come out with their annual recap of the law firm competitive landscape. If you don’t know Leopard, they have one of the most rigorously researched and scrupulously maintained databases there is to be had on a rich...
by Bruce | December 29, 2017 | Articles, Branding, Business Models, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy, Technology strategy
I’m coming to the conclusion that BigLaw is not one business, but two different businesses. Some firms (a minority) are in one business, but most firms are in another business entirely. Note what I am not saying: I’m not saying some firms have one business model and...
by Bruce | December 16, 2017 | Articles, Cultural Considerations, Finance, Globalization, Partnership Structures, Strategy
Observant readers will have noted that I was in London all last week and so, as is our custom, a few observations about my time and conversations there and the state of the market. This has taken me awhile to compose because, frankly, I came away with a wide array of...
by Bruce | November 29, 2017 | Articles, Business Models, Finance, Leadership, Partnership Structures, Practice Group Management
More so of late, but for some time, we’ve been harboring the suspicion that the glory days of the high-leverage model are over. Could we be seeing the end of leverage? Of course, many management fads fashions tend to come and go, which is why we at Adam Smith, Esq....
by Bruce | November 12, 2017 | About the Site, Articles, Book Reviews, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Strategy, Technology strategy
Many readers will know that this past spring I published my third book, Tomorrowland: Scenarios for law firms beyond the horizon. With the author’s permission, I reproduce here the Introduction to Tomorrowland. I hope you might find it of interest. The future...