by Bruce | January 4, 2023 | Articles, Business Models, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
“Transparency!” is a far more clarion call to arms than “Opacity.” And as a securities lawyer, I was trained–and didn’t take much convincing, truth be told–that full disclosure was a not so minor deity. Yet here I am...
by Bruce | November 18, 2022 | About the Site, Articles, Business Models, Compensation, Cultural Considerations, Partnership Structures, Recruiting
This article is by Janet Stanton, Partner, Adam Smith, Esq. Recently, we had the good fortune to work with our great friends at Above the Law on a project to delve into the current associate mindset. As with the recent midterm elections, the results were not what the...
by Bruce | October 4, 2022 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Practice Group Management, Recruiting, Strategy
We’ve worked with a lot of law firms over the years and an evergreen topic of discussion is their partner compensation plan–how it’s structured overall, if it’s aligned to the firm’s strategy, and then all the devilish details to be...
by Bruce | September 13, 2022 | Articles, Business Models, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
Recently across my desk came a copy of a thoughtful and comprehensive article on why law firms collapse. Or rather, I should say, a pair of articles on that topic, both by John Morley, Yale law professor {his name was not familiar to me). The pair of articles consists...
by Bruce | August 21, 2022 | Articles, Business Models, Compensation, Cultural Considerations, Finance, Leadership, Strategy, Technology strategy
We distributed this column several weeks ago to our “friends and family” opt-in email list (which has a handsome level of subscribers and is free–what’s taking you so long? [sign up at the foot of our homepage]) but herewith on our public site....
by Bruce | July 5, 2022 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Practice Group Management, Recruiting, Strategy
Yes, I’m looking at you, law firm leaders. You, too, have a supply chain. It’s time to start thinking of it that way. May we take a step back for a moment? From the redoubtable St. Louis Fed comes a study Supply Chain Disruptions and Inflation During...
