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A Compensation Meditation

by Bruce | December 26, 2007 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy

Our  text for today, Dear Reader, coming from The American Lawyer, is as follows: "There’s nothing like a fund-raiser at a private school in Manhattan to define your social station. Time was, lawyers were near the top of the heap. Investment bankers...

Post- (And Pre-) Merger Integration: The Reed Smith/Richards Butler Story

by Bruce | November 17, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Strategy

As we’ve known since October 19, Reed Smith reached agreement to merge with Richards Butler Hong Kong, nearly a year after completing its merger with Richards Butler (UK) in London.  The agreement will add about $60-million in revenue and a little over 110...

Stanford Law School Dean Larry Kramer on Today’s Parlous State of Affairs

by Bruce | October 31, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Strategy

As some of you doubtless know, I’m a Stanford Law graduate and, both on general principles and more pointedly with undying gratitude for the rigorous and exciting analytic education it gave me, a loyal one.  (Stanford could learn volumes from Princeton when...

Four Leaders On The State of the Profession–Make That, “the Industry”

by Bruce | October 27, 2007 | Articles, Compensation, Cultural Considerations, Globalization, Leadership, Partnership Structures, Strategy

Last week I was able to attend a panel discussion sponsored by ALM Events on "Developing the Next Generation of Law Firm Leaders." Moderated by Aric Press, the panelists were nothing if not qualified to speak.   They were: A.B. Culvahouse, Jr.,...

A Victory for Common Sense (& Freshfields)

by Bruce | October 10, 2007 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures

From the TimesOnline (UK): "Peter Bloxham, the former head of restructuring at Freshfields Bruckhaus Deringer, has lost his landmark £4.5 million age discrimination claim against the elite City law firm." This was a long-awaited and closely watched...

We Pay Our Associates The Going Rate: Yes, No, N/A

by Bruce | October 4, 2007 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Strategy

Some of you may have seen the piece that ran in The Recorder about 10 days ago with the attention-getting headline, "In Salary Twist, Firm Pays More–and Less."  (It was also picked up by the WSJ’s Law Blog, as the "Associate...
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