by Bruce | August 4, 2008 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
This is about the Cadwalader layoffs. But I won’t be piling on. I really won’t. Instead, I’d rather examine how the firm got to this unhappy pass and what managerial lessons it might hold in store for us. To understand what brought it to cutting...
by Bruce | July 29, 2008 | Articles, Compensation, Finance, Strategy, Technology strategy
Earlier this month, I wrote a column "about wringing our hands" (its actual title was How High Quality Are Your Lawyers? And How Can You Tell?) and I’ve just received a most thoughtful email from Alec Guettel, one of the co-founders of Axiom...
by Bruce | July 21, 2008 | Articles, Compensation, Cultural Considerations, Finance, Law Schools
My friend Prof. Bill Henderson of Indiana University School of Law has just published a highly significant column titled "How the ‘Cravath System’ Created the Bi-Modal Distribution." At least one blog ("MoneyLaw") has already deemed it...
by Bruce | June 26, 2008 | Articles, Compensation, Finance, Practice Group Management
Three guesses what these numbers represent: Blank Rome 20 Cadwalader 35 Clifford Chance 6 Hunton & Williams ?* Paul Hastings ?* Powell Goldstein <10 Sonnenschein 37 Sutherland Asbill & Brennan 15* Thacher Proffitt 24 Thelen Reid 26 Total 174** *not verified...
by Bruce | June 4, 2008 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Strategy
Chambers has a nice seasonal report it mails to subscribers, but it doesn’t provide it online. This is a pity (and, I predict, a practice with a finite half-life), but one of the articles in the issue I recently received (August 2007 for those of you following...
by Bruce | May 28, 2008 | Articles, Compensation, Finance, Globalization, Innovative Managing Partners, Leadership, Strategy
Does your firm have a "Chief Strategy Officer?" Thinking about it? Tried it and didn’t like it? Well, apropos the news a couple of weeks ago that Cravath has a first ever director of strategic planning, we thought it would be timely to review...
