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...
by Bruce | January 27, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Practice Group Management, Strategy
Questions for your managing partner, executive committee, and executive director: Is your firm as profitable as it could be? How does it measure up vis-a-vis its peer group? And what defines that "peer group," precisely? Do you...
by Bruce | January 18, 2006 | Adam Smith Himself, Articles, Compensation, Cultural Considerations, Finance, Just Plain Interesting, Leadership, Partnership Structures, Strategy
Seventeen years before The Wealth of Nations (1776), Adam Smith published his Theory of Moral Sentiments (1759), nowadays a relatively neglected work which, to my mind, is nearly as astute, deserves far greater current recognition, and which not-incidentally puts pad...
by Bruce | January 14, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Strategy
Regular readers will know that I’m a firm subscriber to the Law of Unintended Consequences, which is also why I try to exercise consistency in analyzing "dynamic" and not just "static" effects of a proposal. Clarification: The...
by Bruce | January 10, 2006 | Articles, Compensation, Finance, Strategy
Courtesy of The New Yorker: This is not to either recommend or condemn discounts for valued clients—that’s a topic for another day!
by Bruce | January 10, 2006 | Articles, Compensation, Cultural Considerations, Leadership, Partnership Structures, Strategy
The New Jersey Law Journal, with permission, re-published a recent post about Allen & Overy’s new "managing associate" and "of counsel" tracks. Many thanks to Ron Fleury, their nifty editor.