by Bruce | October 27, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Strategy
Actually, this post is less about hockey players and associates than it is about how the top firms are all able to mysteriously agree on the "going rate" ($125,000 for first year’s) without colluding, and on the dynamics behind the scenes when that...
by Bruce | October 27, 2005 | About the Site, Articles, Cultural Considerations, Globalization, Leadership, Partnership Structures, Strategy
More on my London journey: The raison d’être of the trip, as mentioned, was to meet the other partners of Edge International: That meeting was this past Saturday and Sunday at the Naval & Military Club hard on St. James’ Square in...
by Bruce | October 19, 2005 | Articles, Compensation, Cultural Considerations, Finance, Marketing, Strategy
The billable-hour poll results are in, and they look like this: What I find surprising about this is how few people seem to resist (or admit to resisting, anyway) the demise of the billable hour—only 8%. On the other hand, two of the responses are fairly similar...
by Bruce | October 18, 2005 | Articles, Cultural Considerations, Finance, Leadership
Jim Taronji, an antitrust partner at Howrey, sent me the following email about the billable hour poll, which I am taking the liberty of reproducing in haec verba because it’s so thoughtful and articulate: “Eventually, the “billable hour” will...
by Bruce | October 17, 2005 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
The Clementi Commission reforms appear closer than ever to reality, and their implementation could be as early as next year. For those of you who are only recent visitors to "Adam Smith, Esq.," the UK’s Clementi reforms will, in an utterly...
by Bruce | October 17, 2005 | Articles, Cultural Considerations, Finance, Leadership, Marketing, Strategy
File this under low-hanging fruit; actually, make that fruit served on a silver platter. "It" is the unexploited power of your firm’s alumni network to drive business. How do I know it’s unexploited? From experience and observation, but now...