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But I Don’t Want to Change!

by Bruce | January 4, 2005 | Articles, Compensation, Cultural Considerations, Leadership, Partnership Structures, Practice Group Management, Strategy

In a happy confluence, two articles which are far stronger together than is either alone were pointed out to me today by two loyal readers.  The first is The American Lawyer’s current "Management" column, about Customer Relationship Management...

Tales of the Takeover Decades from Inside Wachtell

by Bruce | December 31, 2004 | About the Site, Articles, Compensation, Finance, Just Plain Interesting, Strategy

I just finished reading Tombstone:  A Lawyer’s Tales from the Takeover Decades (Farrar, Straus & Giroux:  1992) by Lawrence Lederman, former chairman of the corporate practice at Milbank-Tweed (and still a partner there), who started his career as...

How to Change Everything

by Bruce | December 22, 2004 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures

More from the redoubtable FT about what may transpire from marketplace forces released after (the widely expected) adoption of the Clementi Commission recommendations in the UK.  (If you don’t know what the Clementi Commission is, as one of my law...

Half Lockstep?

by Bruce | December 1, 2004 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures

I’ve said it before, but it appears to be a source of chronic pain, so I will re-state my firm belief that, like pregnancy, you cannot be "half" lockstep and half not.  The logical universe of choices is: Pure Lockstep:  Fabulous if you can...

McKinsey on Knowledge Management

by Bruce | November 12, 2004 | Articles, Compensation, Cultural Considerations, Knowledge Management, Technology strategy

A theme of this blog is that the "default" approach to issues in law firm management should be that much can be learned from the enormous literature on corporate management.  In other words, barring unusual circumstances unique to the profession (which...

This and a Metrocard Will Get You on the Subway

by Bruce | October 26, 2004 | Articles, Compensation, Finance, Strategy

Just in over the email transom is the following prognostication about the general health of law firms courtesy of Hildebrandt International: In our annual report for 2004, we forecasted a strong year for the legal profession. As we enter the fourth quarter, we...
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