by Bruce | April 24, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Practice Group Management, Strategy
Here’s a success story by any measure: "It’s a profitable formula: [Company X’s] 387% return to shareholders over the past five years handily beats almost all other companies in the Standard & Poor’s 500-stock index, including New...
by Bruce | April 21, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management
"An associate at a major, national firm" wrote recently with this lament: "Lately, I really have been plagued by how law firms are managed: I see the inefficiencies and how employees are treated (both at my firm and at other firms), and I...
by Bruce | April 18, 2006 | Articles, Compensation, Cultural Considerations, Knowledge Management, Leadership, Practice Group Management, Strategy, Technology strategy
I’ve written before about the economic implications of living in a "tacit" industry (as opposed to a "transactional" or a "transformational" one—McKinsey’s coinage), but there’s more to say. A brief review of the...
by Bruce | April 13, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
The Irish Bishop George Berkeley (1561—1626) famously asked, " “If a tree falls in the forest and no one hears it, does it make a sound?” As a metaphysical question having to do with fundamental questions of epistemology, it remains...
by Bruce | April 12, 2006 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Practice Group Management, Strategy
Our last poll, asking "Are Associate Salaries Justified," drew just over 300 votes, and here are the results: Since it’s almost illegible at this resolution, here’s a recap of the breakdown: 36%, the plurality by far, representing the...
by Bruce | April 9, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures
Stephen Bainbridge jokes to his wife that his latest column at the highly idiosyncratic site, "Tech Central Station" "guarantees that I will never be President of Harvard." The column, titled "Legal Sex Tournaments," applies the familiar...