by Bruce | January 6, 2011 | Articles, Compensation, Finance, Partnership Structures, Practice Group Management
This is a tale of how this is not your father’s recession. About a year ago I read Reinhart and Rogoff’s This Time is Different: Eight Centuries of Financial Folly, which ably–and depressingly–provides chapter and verse on how the aftermath of...
by Bruce | December 8, 2010 | Articles, Compensation, Cultural Considerations, Leadership, M&A, Partnership Structures, Strategy
A few days ago LegalWeek had a short piece announcing that: Hogan Lovells is set to offer marquee lateral hires above-lockstep pay deals as part of ambitious plans to dramatically expand its City M&A practice. The strategy is intended to underpin the firm’s...
by Bruce | November 29, 2010 | Articles, Compensation, Cultural Considerations, Partnership Structures
Rarely have I used a reader’s correspondence as the premise for an entire column, but sometimes the thoughtfulness and clarion good will that come through deserve that it be shared (anonymously, in almost all cases, as here) with the larger Adam Smith, Esq....
by Bruce | September 22, 2010 | Articles, Business Models, Compensation, Cultural Considerations, Leadership, M&A, Marketing, Partnership Structures, Practice Group Management, Strategy
Attentive readers will know that I’m in Sao Paulo this week, where the talk of the town (well, at least the talk of The Bar) is this story which was reported yesterday morning in The Latin Lawyer:Any affiliations between international and Brazilian law firms...
by Bruce | September 6, 2010 | Articles, Compensation, Finance, Innovative Managing Partners, Leadership, Strategy
A couple of weeks ago the always perspicacious and often contrarian Alex Novarese of LegalWeek used the occasion of his regular column to opine “Not so demanding–clients aren’t pushing the legal industry forward.” This was swiftly followed by...
by Bruce | July 7, 2010 | Articles, Compensation, Finance, Globalization, Leadership, Practice Group Management, Strategy
[Linklaters Managing Partner Simon] Davies said the firm was focused on overall profitability rather than its revenue, which has suffered due to the deflated M&A market with about 40 per cent of income generated by the corporate department. “Our...