by Bruce | October 30, 2005 | Articles, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
"Business intelligence" is the unfortunate (because misleading) term of art for profitability analysis using sophisticated software. The phrase "business intelligence" is too readily confused with "competitive intelligence," which...
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 24, 2005 | About the Site, Articles, Finance, Globalization, Strategy
Dateline London (Has a nice ring to it, no?)My apologies to all for the blogging drought, but I will try to make up for it with a full report on my affairs in London when I return to NYC. (I arrive late-ish evening NYC time tomorrow/Tuesday, so Wednesday with any...
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...
