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...
by Bruce | November 21, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Strategy
With the news that Sullivan & Cromwell evidently plans not to boost associate bonuses (or salaries) this year, together with some insightful reader commentary on my earlier post about starting salaries, it’s time to revisit the topic. One train of comment...
by Bruce | November 20, 2005 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Strategy
All of you in two-tier partnership firms: Remember to vote in the survey about why your firm moved to the two-tier model. Results in a week or so, and thanks in advance.
by Bruce | November 18, 2005 | Articles, Compensation, Cultural Considerations, Leadership
We’ve all met the "800 pound gorilla" rainmakers who are narcissistic, obnoxious, disruptive (even vicious)—and absolutely brilliant at what they do. Is mute toleration the only recourse? Our friends at Wharton suggest firms need to...
