by Bruce | February 25, 2011 | Articles, Finance, Practice Group Management, Strategy
There’s been so much talk recently about “alternative fee arrangements” (AFAs) that, frankly, we’re exhausted. But before we give up on the subject entirely (which, don’t be alarmed, we shan’t do), it’s perhaps time for a...
by Bruce | February 23, 2011 | Articles, Leadership, Practice Group Management
With delight I can announce that Adam Smith, Esq. is embarking on a collaborative effort with Vault.com, Inc, the leading career intelligence site for those starting out in law, investment banking, management consulting, and much more. Their mission: Vault...
by Bruce | February 18, 2011 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Practice Group Management, Strategy
A-ha! That, at least, was my reaction when reading the research report published this week in The Lawyer. Here are the top-line results, and then I’ll give you my reaction: The Lawyer hired a research firm called Motive to analyze lateral...
by Bruce | February 18, 2011 | Articles, Cultural Considerations, Finance, Strategy
Tim Bratton, the general counsel of the Financial Times, has an interesting perspective on DLA Piper’s recently announced plan to revamp its client base. Here’s what that entails: All partners were given details of the framework last month as part of a bid...
by Bruce | February 9, 2011 | Articles, Compensation, Cultural Considerations, Partnership Structures, Strategy
I suppose that when it’s in The Wall Street Journal, it’s true. Well, it’s certainly true that attention must be paid. Which brings us to “Pay Gap Widens at Big Law Firms as Partners Chase Star Attorneys,” from the front page of...
by Bruce | February 1, 2011 | Articles, Compensation, Cultural Considerations, Finance, Practice Group Management
Here on Adam Smith, Esq., we’ve never devoted a lot of ink to work/life balance issues or, for that matter, to lawyers’ happiness with their jobs, stress levels, rates of depression/alcohol abuse/divorce (all of which, as is well-known, we over-index on),...