by Bruce | November 17, 2009 | Articles, Compensation, Cultural Considerations, Innovative Managing Partners, Leadership, Practice Group Management, Strategy
What’s going on at Reed Smith? Less than a week ago, they announced a roughly 20% cut in first-year associate salaries and hourly billing rates for the 50-odd lawyers joining the firm in January 2010. Here’s what they had to say about it (emphasis...
by Bruce | November 14, 2009 | Articles, Cultural Considerations, Leadership, Partnership Structures, Practice Group Management, Strategy
One of the more thoughtful and, frankly, creative responses to my two recent columns on lateral partners asked a simple question: What should a firm recruiting a potential lateral be obligated to tell the putative future partner? This is the kind of question that gets...
by Bruce | November 11, 2009 | About the Site, Articles
Very quick interim “flash” report on the Reader Survey. To begin with, in the very few days since we launched it, well over 100 of you have taken the time to respond. Nice going, readers! We thank you very much for this clear demonstration of...
by Bruce | November 10, 2009 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
My recent column, What Makes Laterals Run?, has generated a most rewarding level of reader feedback, worthy of an update to the original column. Reactions have literally come from around the world, and, with the permission of my correspondents (all of whom expect...
by Bruce | November 9, 2009 | About the Site, Articles
It’s that time of year again. Yes, faithful readers will recall that periodically (OK, so it’s not exactly annual, but it’s pretty regular, and it’s always in the fall) we ask you to participate in a very brief (<3 minutes) Reader...
by Bruce | November 7, 2009 | Articles, Compensation, Cultural Considerations, Leadership, Partnership Structures, Practice Group Management, Strategy
Perhaps I don’t write as much as I should about lateral partners. I mean the economic phenomenon of lateral partner hiring, not gossip that much of the legal press seems to specialize in about specific “gotcha” movements of partners or small groups...
