by Bruce | March 17, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
Lockstep vs. eat-what-you-kill: Joined at the hip? Legal Week argues, using the apparently unending saga at Clifford-Chance as a journalistic "hook," that the boundary zone between the two models is wide and flexible, not narrow and bright. Now at one...
by Bruce | March 9, 2005 | Articles, Compensation, Finance, Leadership, Practice Group Management, Strategy, Technology strategy
In my last post I noted at least anecdotal evidence about the cost of losing existing talent, and today The National Law Journal reports that firms are taking steps to make it harder for headhunters to poach associates, primarily by removing information about...
by Bruce | March 8, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Practice Group Management, Strategy
If you think practice group management is a fad that will run its course, you should read this piece by Patrick McKenna. [Patrick is a well-known expert on strategy and practice management and, among other things, co-author with David Maister of "First...
by Bruce | March 4, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Strategy
I believe this is a first, but I’m about to quote an astute and interested UK reader’s unsolicited, over-the-transom "letter to ‘Adam Smith, Esq.’" in its entirety. At first I thought I could edit it gracefully for concision,...
by Bruce | March 2, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Practice Group Management, Strategy
Yesterday’s post about the Hildebrandt/Citigroup annual 2004 recap said nothing about a topic they dwelt on which I deemed sufficiently distinct and newsworthy in itself to merit separate commentary. Specifically, they cited four developments in firm structure...
by Bruce | March 1, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Knowledge Management, Leadership, M&A, Partnership Structures, Practice Group Management, Strategy, Technology strategy
Hildebrandt and The Law Firm Group of the Citigroup Private Bank, with help from Baker-Robbins, are out with their 2004 year-in-review together with some prognostications for 2005. The New York Times, in its wisdom, headlined the story, "Partnerships More...