by Bruce | February 9, 2011 | Articles, Compensation, Cultural Considerations, Partnership Structures, Strategy
I suppose that when it’s in The Wall Street Journal, it’s true. Well, it’s certainly true that attention must be paid. Which brings us to “Pay Gap Widens at Big Law Firms as Partners Chase Star Attorneys,” from the front page of...
by Bruce | February 1, 2011 | Articles, Compensation, Cultural Considerations, Finance, Practice Group Management
Here on Adam Smith, Esq., we’ve never devoted a lot of ink to work/life balance issues or, for that matter, to lawyers’ happiness with their jobs, stress levels, rates of depression/alcohol abuse/divorce (all of which, as is well-known, we over-index on),...
by Bruce | January 24, 2011 | Articles, Compensation, Cultural Considerations, Leadership, Strategy
Booz & Co.’s Strategy + Business published something of a primer called “Successful Strategic Planning” last month, and it’s worth a quick review for the distilled–if simple–wisdom it embodies. [For those of you who...
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....
