by Bruce | December 6, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
No sooner had we surveyed the prospects for a talent war for associates among the AmLaw 200 than along comes the Financial Times reporting on the release in the UK of PwC’s annual survey of law firm finances. (I’ve requested a full copy by email to...
by Bruce | December 5, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Marketing, Partnership Structures, Strategy
Some reader emails are more provocative than others, and today we have one from the first category. Actually, we have this from a few days ago and I’ve been sitting on it while I contemplated how to handle it. The sender, writing "on his own...
by Bruce | December 2, 2005 | Articles, Compensation, Finance, Globalization, Leadership, Partnership Structures, Strategy, Technology strategy
The American Lawyer is out with their annual survey of the AmLaw 200 managing partners (147 responded this year—summary Q&A results here), and while the news is almost overwhelmingly good (at least if you’re a partner in the AmLaw 200, and not a client...
by Bruce | December 1, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
A few days ago I received this email from a reader, with respect to my "Optimal Partner Compensation" post: "I like your point of view, but with one question: how do you calculate/compare the 30 percent kicker [up or down] at the end of the comp cycle...
by Bruce | November 27, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
In the continuing—and to-be-continued for quite some time, judging by the rate comments are com ing in—discussion about the virtues and vices of firms switching to a two-tier partnership model, here’s one more data point. The results of the...
by Bruce | November 23, 2005 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Strategy
I had an interesting conversation with Prof. Bill Henderson, who recently authored an empirical study of single-tier versus two-tier partnerships in the AmLaw 200. I summarized his presentation in an earlier post. Essentially, Bill’s paper...