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Managing Your Practice Like a Real Business

by Bruce | November 6, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Strategy, Technology strategy

Every once in awhile, you see an individual at a firm make a tremendous difference, and I’ve tried to make it a custom to celebrate the situations when I think I’ve identified such exemplars. Today I offer John Alber of Bryan Cave’s St. Louis office,...

20% of Our Group’s Value Is Quitting

by Bruce | October 25, 2006 | Articles, Compensation, Cultural Considerations, Leadership, Partnership Structures, Practice Group Management

I’ve written about "social network analysis" previously, and described some of the initial work in this area by Rob Cross, a faculty member at the McIntire School of Commerce at the University of Virginia. In a nutshell, "social network...

A&O Tackles Associate Retention: With a Vengeance?

by Bruce | October 22, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management

Associate retention/attrition may have always been a chronic problem for the industry, but is it only me or is the situation actually deteriorating? Annual attrition rates of 25% at AmLaw 50 and UK 50 firms are now widely reported, and as I previously noted one...

Sailor or Mountaineer?

by Bruce | September 27, 2006 | About the Site, Articles, Compensation, Cultural Considerations, Leadership, Strategy

In a first, the legendary David Maister hosts this week’s BlawgReview, which I bring to your attention for the eclecticism of David’s selections. He does mention an "Adam Smith, Esq." piece reviewing "A Curmudgeon’s Guide to the...

Orrick, Meet Dewey: Dewey, Meet Orrick. Shall We Dance?

by Bruce | September 12, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Practice Group Management, Strategy

It’s not our wont to try to "cover" late-breaking news—that’s not an arena where I care to compete, nor is it why I think you come to "Adam Smith, Esq."—but just as every rule has exceptions, so today’s word of merger...

“Superstar Economics” & Laterals: Take II

by Bruce | September 5, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Strategy

My piece about "Superstar Economics" and laterals has produced an unusually heavy volume of reader response, so it deserves a follow up.  Herewith its desserts: The original piece, as I hope you recall, posed the question:  Assume for...
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