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The US/UK Divide Narrows

by Bruce | February 10, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Strategy

From the wires, and I quote: "Altman Weil is pleased to announce a strategic alliance with London-based Jomati Limited. Like Altman Weil, Jomati is an independently owned global management consultancy advising law firms and corporate law departments. It is led by...

Who Will Be Your Successor?

by Bruce | February 8, 2005 | Articles, Cultural Considerations, Leadership, Partnership Structures, Strategy

Succession planning is part of the Management 101 toolkit that law firms ignore at their peril.  Too many firm leaders are reluctant to attend to it, either intentionally ("it will all work out") or simply through preferring not to take up a potentially...

Sidley-Austin, the EEOC, and Unintended Consequences

by Bruce | February 7, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy

Even the reader acquainted only at the most cursory level with my perspective on the increasingly professionalized management of law firms would know I endorse that trend wholeheartedly.  The question du jour is whether I endorse it without reservation. Prompting...

The Power of One

by Bruce | February 4, 2005 | Articles, Finance, Leadership, M&A, Marketing, Partnership Structures, Strategy

Roughly speaking, there are two theories of history:  That people shape events, or that events shape people. As a confirmed subscriber to the former theory, this American Lawyer profile of Bingham-McCutchen’s chair, Jay Zimmerman, tells the tale to me of...

Law Firm Management, 1984–2004

by Bruce | February 3, 2005 | Articles, Cultural Considerations, Finance, Leadership, Marketing, Practice Group Management, Strategy

One of the most promising and optimistic pieces I’ve read in awhile comes courtesy of John Smock, co-founder of Smock Sterling Strategic Management Consultants outside Chicago.  Essentially a look-back at his twenty years of experience being a strategic...

The Market’s Competitive. Which Market?

by Bruce | January 31, 2005 | Articles, Compensation, Finance, Globalization, Leadership, Partnership Structures, Strategy

"Law firms are being forced to run themselves along more ‘corporate’ lines than ever before," reports the FT, summarizing a PwC report on the top 50 UK firms during 2004.  This new "strategic approach" may represent a departure...
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