by Bruce | March 2, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Strategy
In my last post, I referred somewhat obliquely to "long-term threats to the privileged positions" of firms, pointedly including large and prosperous firms (not just the struggling, the stragglers, and the stagnant). What exactly might those threats be?...
by Bruce | March 2, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
I’ve written before with some passion about the need for law firms to think and to act strategically. The "act" part should follow as the day the night, but of course it’s not that simple. Why does this matter? Why is it, in...
by Bruce | February 24, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
It’s a rare privilege to see a candid discussion of a major firm’s strategy in the press, so I urge you to run to this piece in The New York Law Journal, essentially an interview with Rohan Weerasinghe, Shearman & Sterling’s new chairman, about...
by Bruce | February 15, 2006 | About the Site, Articles, Compensation, Finance, Partnership Structures
We pause for a time-out to consider a metaphysical question: Is blogging journalism, and whether or not it is, to what standards of accuracy and precision should it be held? Actually, I have no intention of trying to answer these questions as posed. What I...
by Bruce | February 10, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Partnership Structures
Professor Bainbridge compares an article from The Economist showing a steady increase in Americans’ leisure time over the past 40 years with a story from the Chicago Daily Law Bulletin reporting on how over-worked lawyers are: "The survey showed that how...
by Bruce | January 27, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
David Maister confesses: "I have spent twenty years trying to say all professions look similar and can learn from each other, but I’m finally prepared to concede that lawyers are different – and it has nothing to do with economics." In a piece...