by Bruce | February 9, 2011 | Articles, Compensation, Cultural Considerations, Partnership Structures, Strategy
I suppose that when it’s in The Wall Street Journal, it’s true. Well, it’s certainly true that attention must be paid. Which brings us to “Pay Gap Widens at Big Law Firms as Partners Chase Star Attorneys,” from the front page of...
by Bruce | February 1, 2011 | Articles, Compensation, Cultural Considerations, Finance, Practice Group Management
Here on Adam Smith, Esq., we’ve never devoted a lot of ink to work/life balance issues or, for that matter, to lawyers’ happiness with their jobs, stress levels, rates of depression/alcohol abuse/divorce (all of which, as is well-known, we over-index on),...
by Bruce | January 24, 2011 | Articles, Compensation, Cultural Considerations, Leadership, Strategy
Booz & Co.’s Strategy + Business published something of a primer called “Successful Strategic Planning” last month, and it’s worth a quick review for the distilled–if simple–wisdom it embodies. [For those of you who...
by Bruce | January 21, 2011 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
“With all respect, I think that’s the wrong question. There’s always new stuff out there, and most of it’s not very good. Rather than looking for the next musing, it’s probably better to be thorough about what we know is true and make...
by Bruce | December 24, 2010 | Articles, Cultural Considerations, Globalization, Leadership, Strategy
A loyal reader (requesting anonymity as he’s not authorized to speak for his firm) writes: You and other commentators (Richard Susskind comes to mind) make a case for a more efficient, industrialized, less hand-crafted practice of law. I note, however,...
by Bruce | December 19, 2010 | Articles, Cultural Considerations, Leadership, Partnership Structures, Practice Group Management, Strategy
A few days ago LegalWeek wrote about whether the “global law model helps or hinders the top-level adviser:” In other words, whether the more commercially minded we all become as lawyers and as firms, the less room there is for the classic strategic...