by Bruce | March 23, 2012 | Articles, Business Models, Compensation, Cultural Considerations, Finance, Leadership, M&A, Partnership Structures, Strategy
The reaction to my last column on the developments at Dewey has been as strong as to any piece I can remember writing in the near-decade Adam Smith, Esq. has been around. But for those of you who may be feeling overdosed on Dewey coverage, events are not letting the...
by Bruce | March 16, 2012 | Adam Smith Himself, Articles, Compensation, Cultural Considerations, Finance, Leadership, M&A, Partnership Structures, Strategy
Two firms have this week received far more press attention than, one suspects, they counted on or quite know how to cope with: Our own industry’s Dewey LeBoeuf, and of course the iconic (good and bad sense) Goldman Sachs. Goldman Let’s take Goldman...
by Bruce | February 21, 2012 | Articles, Compensation, Leadership, Strategy
In the Legal Intelligencer, the reporter Gina Passarella has published Revenue Race, and a companion piece, which basically find the challenge that “a mature US legal market coupled with a dip in demand for legal services” poses to the demand for revenue...
by Bruce | January 14, 2012 | Articles, Compensation, Cultural Considerations, Leadership, Practice Group Management
This is not a piece about “unknown unknowns.” No, it’s a piece about something that most of us in any position of authority secretly fear we’re doing. Actually, there are two groups of senior people who probably do n’t secretly fear...
by Bruce | December 6, 2011 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Recruiting, Strategy
And I respond here (transcript) and here (podcast).Among the highlights:[Me:[ One of the things that started to happen before the Great Recession was, for example, I saw this most clearly in the rise of starting salaries to a $160,000 in New York and major...
by Bruce | October 29, 2011 | Articles, Compensation, Finance, Leadership, Partnership Structures, Strategy
This morning brought the release of Hildebrandt’s quarterly “Peer Monitor” index for 3Q2011, showing a drop of 6 points to 56 (anything below 65 is deemed a negative operating environment). In a nutshell, the problem was that demand...
