by Bruce | November 17, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
A recent poll/post about the "optimal" partner compensation system produced interesting—and very mixed, a/k/a divided—results, with the option "there’s no such thing" coming in second overall. Off-line, I had a subsequent...
by Bruce | November 16, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, M&A, Partnership Structures, Strategy
A recent post that received a fair amount of attention (or notoriety, as you prefer) was that recapping a presentation by Prof. William Henderson of Indiana University School of Law/Bloomington about the relative profitability of firms that converted to two-tier...
by Bruce | November 15, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Marketing, Strategy
Quick quiz: Q1: If you made $125,000 in 2000, how much would you have to make in 2005 to have the same purchasing power (straight CPI adjustment per the Minneapolis Fed)? A1: $141,250. Now add in this observation, from one of the leading law...
by Bruce | November 11, 2005 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Strategy
In light of my post earlier this week recapping the extensive empirical evidence on the hazards (or, at least, the not-to-be-assumed, non-automatic, benefits) of shifting to a two-tier partnership model, news that Gibson-Dunn is considering just such a move is...
by Bruce | November 7, 2005 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Strategy
Last Friday I attended a presentation at Jones-Day’s Washington, DC office, hosted in their top-floor conference room with a picture-postcard view of the Capitol dome. (I’m not kidding about the postcard view; CBS News has built a broadcast booth on...
by Bruce | November 2, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
And the winner is…"Modified Lockstep," closely followed by my own perverse favorite "there’s no such thing." Specifically, "lockstep with super-points" drew the most votes and "lockstep with geographic [or] practice...
