by Bruce | January 7, 2006 | Articles, Compensation, Finance, Globalization, Leadership, M&A, Marketing, Partnership Structures, Strategy
Legal Times is asking, "What Five Questions Will Law Firms Face in 2006?" I’d like to suggest there’s really only one question, and these "five" are each just facets of the same phenomenon. Their five: More merger mania? Soaring...
by Bruce | January 6, 2006 | Articles, Compensation, Cultural Considerations, Globalization, Leadership, Marketing, Practice Group Management, Strategy
Your firm is dedicated to client service as one of its pre-eminent goals, if not the absolutely highest priority, right? Not so fast. Do you have a lawyer serving full-time as "Client Services Advisor," serving as an ombudsman on behalf of the...
by Bruce | January 4, 2006 | About the Site, Articles, Compensation, Cultural Considerations, Marketing, Partnership Structures, Strategy
In case you haven’t seen the home-page of Law.com today, they are launching their "Career Center": And this is the article that I’m up there, as it were, alluding to.
by Bruce | December 23, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
I have posited before that the traditional one-size-fits-all associate-to-partner model is coming under increasing stress. Evidently Allen & Overy agrees. After suffering 25% attrition in its associate ranks last year, they have announced after a lengthy...
by Bruce | December 13, 2005 | Articles, Compensation, Finance, Leadership, Partnership Structures, Strategy
According to The Recorder, "Law firm leaders throughout California identify increasing leverage as a key strategy in their business model." We are here to ask the time-honored question, "What can they be thinking?" Let’s back up. ...
by Bruce | December 8, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
Of all the "evergreen" topics we keep coming back to here at "Adam Smith, Esq." one of the ever-greenest (no pun…) is the eternal disequilibrium between lockstep and eat-what-you-kill partner compensation models. Most recently, I...