by Bruce | October 5, 2023 | Articles, Business Models, Compensation, Cultural Considerations, Finance, Partnership Structures, Strategy
“Ripped from the headlines,” as the cliche-inclined might say, we have this from The American Lawyer in the past week or so: Elite Firms Revisit Comp Formulas as Star Talent Has ‘Extraordinary Leverage’ Some highlights: According to Kent Zimmerman over...
by Bruce | June 20, 2023 | Articles, Branding, Business Models, Client Relationships, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Recruiting, Strategic Client Management, Strategy
Something that feels structurally different seems to have developed in the lateral market. The ambition of this essay is to describe what we think it is, why it has developed, and what it portends for the future of BigLaw. Plus, with any luck, some ideas or at least...
by Bruce | April 25, 2023 | Articles, Client Relationships, Compensation, Cultural Considerations, Ineffable, Leadership, Partnership Structures, Practice Group Management, Recruiting, Strategic Client Management, Strategy
Ever since “RTO” became a real possibility, I have been firmly and decisively on the fence about the best policy for firms to follow. A free-for-all come and go (or don’t come) as you wish? Sure, why not? We’re all adults here, right? Now my...
by Bruce | March 20, 2023 | Articles, Compensation, Globalization, Leadership, Strategy
Capitalism without failure is like religion without hell. –Charlie Munger of Berkshire Hathaway and to our readership famously of Munger Tolles as well (noted in The Wall Street Journal.) By the time you read this, all of these visuals will be...
by Bruce | March 8, 2023 | Articles, Compensation, Cultural Considerations, Leadership, Practice Group Management, Recruiting, Strategic Client Management, Strategy, Technology strategy
Covid-19 may be behind us as a daily personal preoccupation, but one major repercussion of its shockingly extended and global impact is still with us: Do we or do we not go back to the office? May we review the bidding? Totally remote/zero days-week in the office is...
by Bruce | January 22, 2023 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Strategy
Consider: According to PwC’s annual 2023 survey of CEOs worldwide (4,410 from 105 countries), 40% said they did not see their own companies as viable in 10 years if they stayed on their current path. Bob Moritz, PwC’s global chair, summarized it as follows:...
