by Bruce | February 20, 2005 | About the Site, Articles, Compensation, Cultural Considerations, Finance, Just Plain Interesting
So this has nothing to do with the economics of law firms, but it has a lot to do with professional behavior under incentive regimes. Two economists at the University of Chicago have published a paper analyzing whether realtors (representing the seller of a...
by Bruce | February 10, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Strategy
From the wires, and I quote: "Altman Weil is pleased to announce a strategic alliance with London-based Jomati Limited. Like Altman Weil, Jomati is an independently owned global management consultancy advising law firms and corporate law departments. It is led by...
by Bruce | February 7, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
Even the reader acquainted only at the most cursory level with my perspective on the increasingly professionalized management of law firms would know I endorse that trend wholeheartedly. The question du jour is whether I endorse it without reservation. Prompting...
by Bruce | January 31, 2005 | Articles, Compensation, Finance, Globalization, Leadership, Partnership Structures, Strategy
"Law firms are being forced to run themselves along more ‘corporate’ lines than ever before," reports the FT, summarizing a PwC report on the top 50 UK firms during 2004. This new "strategic approach" may represent a departure...
by Bruce | January 27, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
Building a genuinely trusting, collaborative, integrated culture—where one does not exist—is among the tallest of orders that a firm can face. Since control over clients is such a key source of power, client-hogging and the individualistic behavior...
by Bruce | January 5, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Marketing, Strategy
“I can’t think of a more important problem facing the profession,” Justice Breyer told Washington Lawyer, “than how to maintain a life for a young lawyer that will lead to satisfaction in his or her career, that will produce time for a family,...
