by Bruce | November 29, 2005 | Articles, Finance, Leadership, Partnership Structures, Strategy
Can you stand another dose of Peter Drucker? I just about always can, and in The Wall Street Journal’s feature, the legacy of Drucker (in his own words), they feature this gem dating from its pages in 1993: "The Five Deadly Sins of...
by Bruce | November 27, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
In the continuing—and to-be-continued for quite some time, judging by the rate comments are com ing in—discussion about the virtues and vices of firms switching to a two-tier partnership model, here’s one more data point. The results of the...
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...
