by Bruce | November 25, 2005 | Articles, Cultural Considerations, Finance, Leadership, Marketing, Strategy
I am delighted to be able to break the news to readers of "Adam Smith, Esq." that SUNY/Stony Brook will be offering a first-of-its-kind Executive MBA for Law Firm Leaders, with courses commencing this coming April, 2006 for the first class of 25. ...
by Bruce | November 23, 2005 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Strategy
I had an interesting conversation with Prof. Bill Henderson, who recently authored an empirical study of single-tier versus two-tier partnerships in the AmLaw 200. I summarized his presentation in an earlier post. Essentially, Bill’s paper...
by Bruce | November 22, 2005 | Articles, Finance, Knowledge Management, Leadership, Strategy
For inhouse legal departments and general counsel, the primary and eternal question is whether to rent or buy: That is, whether to hire outside counsel for matter X (renting) or whether to staff up internally (buying). Having supervised the annual budgeting...
by Bruce | November 21, 2005 | Articles, Finance, Globalization, Leadership, Strategy, Technology strategy
Justin North of Baker Robbins & Co. reports at Legal Week the results of an informal survey of CIO’s at major law firms asking them to assess what had changed over the past five years and what new developments would dominate the next five. The firm...
by Bruce | November 21, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Strategy
With the news that Sullivan & Cromwell evidently plans not to boost associate bonuses (or salaries) this year, together with some insightful reader commentary on my earlier post about starting salaries, it’s time to revisit the topic. One train of comment...
by Bruce | November 20, 2005 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Strategy
All of you in two-tier partnership firms: Remember to vote in the survey about why your firm moved to the two-tier model. Results in a week or so, and thanks in advance.