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.
by Bruce | November 17, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
A recent poll/post about the "optimal" partner compensation system produced interesting—and very mixed, a/k/a divided—results, with the option "there’s no such thing" coming in second overall. Off-line, I had a subsequent...
by Bruce | November 16, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, M&A, Partnership Structures, Strategy
A recent post that received a fair amount of attention (or notoriety, as you prefer) was that recapping a presentation by Prof. William Henderson of Indiana University School of Law/Bloomington about the relative profitability of firms that converted to two-tier...
by Bruce | November 15, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Marketing, Strategy
Quick quiz: Q1: If you made $125,000 in 2000, how much would you have to make in 2005 to have the same purchasing power (straight CPI adjustment per the Minneapolis Fed)? A1: $141,250. Now add in this observation, from one of the leading law...
by Bruce | November 14, 2005 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Marketing, Strategy
Today I submitted the following book review to my friends at ALM Media. No telling if they’ll publish it, but the loyal readers of Adam Smith, Esq. deserve a look no matter whatFull disclosure: I count Bruce Marcus a friend (although I have never met or spoken...
