by Bruce | March 2, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Practice Group Management, Strategy
Yesterday’s post about the Hildebrandt/Citigroup annual 2004 recap said nothing about a topic they dwelt on which I deemed sufficiently distinct and newsworthy in itself to merit separate commentary. Specifically, they cited four developments in firm structure...
by Bruce | March 1, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Knowledge Management, Leadership, M&A, Partnership Structures, Practice Group Management, Strategy, Technology strategy
Hildebrandt and The Law Firm Group of the Citigroup Private Bank, with help from Baker-Robbins, are out with their 2004 year-in-review together with some prognostications for 2005. The New York Times, in its wisdom, headlined the story, "Partnerships More...
by Bruce | February 25, 2005 | Articles, Cultural Considerations, Finance, Leadership, Practice Group Management, Strategy, Technology strategy
Now that we all have religion about organizing firms by practice groups (well, most of us, anyway), the next logical question is, to paraphrase Ed Koch, "How are we doin’?" In other words, which practice groups are the strong economic engines...
by Bruce | February 24, 2005 | Articles, Cultural Considerations, Finance, Globalization, Leadership, M&A, Strategy
If you asked us to name one seminal development that "changed everything" in terms of law firm economics between the stasis model of the 1950’s and the dynamic model of the 1990’s, we’d say it was the creation of a market for lateral...
by Bruce | February 20, 2005 | About the Site, Articles, Compensation, Cultural Considerations, Finance, Just Plain Interesting
So this has nothing to do with the economics of law firms, but it has a lot to do with professional behavior under incentive regimes. Two economists at the University of Chicago have published a paper analyzing whether realtors (representing the seller of a...
by Bruce | February 15, 2005 | Articles, Cultural Considerations, Finance, Globalization, M&A, Strategy
Am I the only one being driven to the conclusion that the ethics and jurisprudence surrounding "conflicts" are insane? After reading about the tortured machinations firms go through as part of their pre- and post-merger due diligence, it’s clear...