by Bruce | March 27, 2007 | Articles, Compensation, Finance, Partnership Structures
A couple of weeks ago, I asked you whether profits per partner were the proper measure of firm success, borrowing from and building on the thinking of Guy Beringer, a senior partner at Allen & Overy. In that piece I included a poll, and enough results are...
by Bruce | March 12, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
Guy Beringer, a senior partner at Allen & Overy and someone you should be acquainted with if you want to follow the leading thinkers about the future of our profession, has written a thoughtful and desperately overdue piece on "Profit per equity partner as a...
by Bruce | March 9, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Practice Group Management, Strategy
Whether or not your firm has a private equity practice, you’re surely familiar with its just this side of astonishing rise over the past half decade or so. And if you’re like me you’ve asked yourself, "Who are those guys?" What...
by Bruce | March 6, 2007 | Articles, Compensation, Finance, Globalization, Leadership, Strategy
Is there anything remaining to be said about the Great Associate Salary Spike of 2007, to a starting salary of $160,000 at New York offices of big deal firms? (You might be excused for thinking there’s not, if you were to follow every link in this round-up.)...
by Bruce | February 9, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
Time to play "Name That Firm:" Here are some clues. “They are definitely the firm to watch,” said the managing partner of one leading New York firm recently overtaken by [Firm X] in the profit charts. “Even though they recognize the...
by Bruce | February 7, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
It has been amply reported that last month New York, and then all major national, firms went to $145,000/year first-year associate salaries, and that the following "Simpson Thacher bump" raised the ante to $160,000/year. Several people have asked me...
