by Bruce | October 1, 2007 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
My firm does/does not have a mandatory retirement policy. I do/do not believe we should have one. Discuss. This comes up because of the near-even split in the industry between firms that have such policies and those that don ‘t—57% of all firms...
by Bruce | October 1, 2007 | About the Site, Articles
Quick reminder: You have barely one more week to take the Annual "Adam Smith, Esq."Reader Survey Why would you want to do this? Simple: One randomly-chosen respondent will win a $200 AMEX gift check. It’s your opportunity to tell me...
by Bruce | September 28, 2007 | Articles, Finance, Globalization, Leadership, Strategy
The "Global 100" is out, a joint production of The American Lawyer and LegalWeek, which of course are now conjoined under the umbrella of IncisiveMedia. It ranks the largest firms through three filters: Highest gross revenue for the most recently...
by Bruce | September 27, 2007 | Articles, Finance, Globalization, Partnership Structures, Strategy
Profits Per Partner troubles me. As I’ve written before, it has (at least) the following defects: It’s extraordinarily manipulable, with especially toxic consequences for firms whose approach is to hack away at the denominator while taking few or no steps...
by Bruce | September 24, 2007 | Articles, Compensation, Cultural Considerations, Finance
If it’s in The Wall Street Journal, it has to matter (even if it doesn’t, if you follow my meaning). So it’s probably incumbent on us to offer, briefly, our thoughts on the front-page story this morning, "Hard Case: Job Market Wanes...
by Bruce | September 24, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Marketing, Partnership Structures, Practice Group Management, Strategy
The annual "Adam Smith, Esq." Reader Survey is actively in progress, and I sincerely urge those of you who haven’t taken the two to three minutes it takes to complete it to do so right now. The point of the survey? Two-fold: I want to...