by Bruce | June 9, 2007 | Articles, Cultural Considerations, Leadership, Partnership Structures, Practice Group Management, Strategy
(1) "Our firm is only as good as our lawyers." (2) "Our lawyers are our most valuable asset." (3) "Associate attrition is costing us a fortune." (4) "Why do so many women drop off the partnership track?" If all these statements...
by Bruce | June 5, 2007 | About the Site, Adam Smith Himself, Articles
Today is Adam Smith’s Birthday: June 5, 1723. He would be 284 today. He was born in Kirkcaldy, Scotland, about 12 miles north of Edinburgh across the Firth of Forth, and is buried just off the Royal Mile in Edinburgh itself. Although there is no memorial to Adam...
by Bruce | June 2, 2007 | Articles, Cultural Considerations, Leadership, Strategy, Technology strategy
I’ve been following the CIO 100 awards for several years—they’re just out—and I’ve never seen so many law firms represented as this year. To wit: Bryan Cave Foley & Lardner Goodwin Procter King & Spalding, and K&L Gates...
by Bruce | May 30, 2007 | Articles, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
The most important factors in recruiting laterals are: (a) that they have a sizable, portable book of business; and (b) that they can start generating revenue from that book almost immediately after coming on board your firm. Right? Wrong, and wrong. I’ve...
by Bruce | May 28, 2007 | About the Site, Articles
by Bruce | May 26, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Strategy
As a manager, how do you balance the imperative of long-term strategic focus with the exigencies of day to day "incoming?" As a practitioner, how do you balance the demands of clients and deals with your well-intended resolutions to be a better...