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And Now a Word From Your Editor: Blather
You should not be surprised to learn that in my travels across the legal, business, and strategic commentariat, I form opinions–some probably too quickly or too definitively–about the quality of what I’m reading. As an exercise that began as casual... read more +The Care and Feeding of Laterals
To risk stating the obvious, a major downside of acquiring powerful lateral partners or small groups thereof is that they will not stay. Now The American Lawyer has a piece covering the story of same over the past five years or so, complete with a helpful and...
“Why Law Firms Should Not Be Ranked Based on Profits Per Partner” Agree or Disagree
I believe this is a first, but I'm about to quote an astute and interested UK reader's unsolicited, over-the-transom "letter to 'Adam Smith, Esq.'" in its entirety. At first I thought I could edit it gracefully for concision, but upon attempting to do...
Four Powerful New Capabilities: Adapt or….
Yesterday's post about the Hildebrandt/Citigroup annual 2004 recap said nothing about a topic they dwelt on which I deemed sufficiently distinct and newsworthy in itself to merit separate commentary. Specifically, they cited four developments in firm structure and...
2004 in Review and a Wild Card for 2005
Hildebrandt and The Law Firm Group of the Citigroup Private Bank, with help from Baker-Robbins, are out with their 2004 year-in-review together with some prognostications for 2005. The New York Times, in its wisdom, headlined the story, "Partnerships More...
How Profitable Is Our Group? Who Cares!
Now that we all have religion about organizing firms by practice groups (well, most of us, anyway), the next logical question is, to paraphrase Ed Koch, "How are we doin'?" In other words, which practice groups are the strong economic engines driving...