by Bruce | April 23, 2014 | Articles, Law Schools, Recruiting
The first thing you learn in your antitrust law course is to ask, “What’s the market?” In other words, define the market you’re talking about, because the definition you select, I promise you, will make all the difference. Antitrust analysis...
by Bruce | April 21, 2014 | Articles, Just Plain Interesting
Tom Sargent, a Professor at NYU, won the 2011 Nobel prize in economics (together with Chris Sims) for his work on “rational expectations” theory. Four years before that, he gave a speech to Berkeley undergraduates which reads in its entirety: I remember...
by Bruce | April 18, 2014 | Articles, Innovative Managing Partners, Leadership, Strategy
“Never before has our future seemed so shrouded in fog and noise,” I’ve written, and discussed its paralytic effects on our decision-making. Comes now academic vindication of just how strong the effect is. But I’ve also dug up, from the same...
by Bruce | April 12, 2014 | Articles, Law Schools, Leadership, Strategy
Yesterday morning I got back to New York on the redeye from Seattle where I’d been at the annual NALP conference, attended by well over 1,000 people involved in career services from law firms and law schools. (I was there figuratively wearing my JD Match hat,...
by Bruce | March 27, 2014 | Articles, Business Models, Cultural Considerations, Finance, Leadership, Strategy
Turnabout. Today we have a sequel, in a yin-yang fashion, to our earlier column, “3 leading indicators of failure.” What might the equivalent indicators be for success, or outperformance? I’m not going to rehearse characteristics of successful firms...
by Bruce | March 21, 2014 | Articles, Cultural Considerations, Finance, Leadership, Strategy
Can you remember a time when there was so much talk of more BigLaw firm failures? I can’t. Count yourself a believer or a skeptic (and there are hardcore advocates on both sides, including gleeful cheerleaders in the first camp and diehard deniers in the second...