by Bruce | January 7, 2006 | Articles, Compensation, Finance, Globalization, Leadership, M&A, Marketing, Partnership Structures, Strategy
Legal Times is asking, "What Five Questions Will Law Firms Face in 2006?" I’d like to suggest there’s really only one question, and these "five" are each just facets of the same phenomenon. Their five: More merger mania? Soaring...
by Bruce | December 30, 2005 | Articles, Finance, Globalization, Leadership, Strategy
A few months ago, I participated in a panel on "Going Global: What it Takes," with my friends Rees Morrison and Robert Ambrogi. The audio recording of the panel is now up. You’re obviously invited to have a...
by Bruce | December 30, 2005 | Articles, Cultural Considerations, Finance, Globalization, Leadership, M&A, Strategy
Is the merger wave going as strong in the UK as it is here? And if so, should we blame it on the Yanks? In a new survey of 85 of the 125 largest firms in the UK, four out of five of the managing partners or executive directors responding reported that they had...
by Bruce | December 30, 2005 | Articles, Cultural Considerations, Finance, Leadership, M&A, Strategy
At the intersection of strategic decision-making and human shortcoming is behavioral economics, which teaches that a host of biases, such as overoptimism about the likelihood of success, the "principal-agent problem," and undue loss aversion, combine to form...
by Bruce | December 28, 2005 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Strategy, Technology strategy
Forgive me for an extensive quote, but it sets the stage for all that’s to follow here. From the redoubtable McKinsey: "In today’s developed economies, the significant nuances in employment concern interactions: the searching, monitoring, and...
by Bruce | December 23, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
I have posited before that the traditional one-size-fits-all associate-to-partner model is coming under increasing stress. Evidently Allen & Overy agrees. After suffering 25% attrition in its associate ranks last year, they have announced after a lengthy...