by Bruce | July 11, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures
“As a profession, if we are to be taken seriously, we need to move to a sensible reporting regime that is based on real figures, and not on those stage statistics that appear.” The words of an impractical academic? A frustrated journalist...
by Bruce | June 28, 2005 | Articles, Compensation, Finance, Globalization, Leadership, M&A, Strategy
As promised, here’s the AmLaw 100 for 2005. I’ll have some substantive commentary later today, but for now I’ll primarily limit my gloss to that provided by my friends at American Lawyer Media: "Five Am Law 200 firms posted gross revenue...
by Bruce | June 16, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures
Cue the applause, please: Albeit somewhat cryptic, this strongly suggests Clifford Chance is making a concerted effort to return to something much closer to its traditional lockstep partner compensation model. Called "actively managed"...
by Bruce | June 13, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
The first post-Clementi shoe is about to drop in the UK, and it’s a fascinating one indeed. [For those of you who haven’t been paying attention, the "Clementi Commission" proposed fundamental reforms of the way UK law firms are governed,...
by Bruce | June 12, 2005 | Articles, Compensation, Cultural Considerations, Globalization, Knowledge Management, Leadership, Practice Group Management, Strategy, Technology strategy
Just why is that "doing" Knowledge Management at law firms seems so hard? Is KM itself simply an ineffable concept, meaning that virtually no two people agree on what it means? (And that, when they then try to go about it, the results are what...
by Bruce | June 10, 2005 | Articles, Compensation, Finance, Globalization, Leadership, Strategy
I wrote a few days ago about "the cautionary tale of Coudert," but with more background emerging from Legal Week’s excellent coverage, some additional insight into the firm’s truly alarming predicament is possible. Let me preface all I’m...