Turning SOX Into Lemonade

Price Waterhouse Coopers has a thoughtful, and lengthy, whitepaper laying out their vision of a “Governance, Risk, and Compliance Operating Model” (it’s consultant-speak; they can’t help themselves) which actually embodies a belief I’ve...

Welcome to the AmLaw Top Ten

One of the last things I intend to do with this blog is to report on breaking news, but the Wilmer-Cutler/Hale & Dorr merger is worth a few words. The merger is being commonly described as “offensive,” to differentiate it from the more common...

Be Grateful to Your Competitors

The McKinsey Quarterly has a feature asking why poor countries, to a depressing degree, remain poor:  Their answer is the “Power of Productivity.” But wait, don’t we already know how to help poor countries?  Let’s look at the record.  After...

Still, the Billable Hour Refuses to Die

What five questions does the managing partner of Arnold & Porter think his corporate clients should ask about the firm—but none ever has?  How are associates and partners compensated, for starters.  And if associate bonuses are a function of billable hours, you...