by Bruce | October 26, 2004 | Articles, Compensation, Finance, Strategy
Just in over the email transom is the following prognostication about the general health of law firms courtesy of Hildebrandt International: In our annual report for 2004, we forecasted a strong year for the legal profession. As we enter the fourth quarter, we...
by Bruce | October 25, 2004 | Articles, Finance, Globalization, Leadership, Strategy, Technology strategy
Elaborating on the immediately previous post, the curve on the graphic is…[drum-roll, please]—a demand curve, our Econ. 101 friend. (High $$$ price means little demand ["bet the company"], low price means high demand...
by Bruce | October 22, 2004 | Articles, Finance, Globalization, Leadership, Marketing, Technology strategy
If "three anecdotes constitute a trend," as the possibly apocryphal credo of journalists has it, then I am here to announce a trend: Corporations are beginning to apply professional purchase-manager techniques and metrics to selecting and overseeing...
by Bruce | October 21, 2004 | Articles, Finance, Globalization, Strategy, Technology strategy
Inflamed election-year rhetoric aside, outsourcing has arrived. According to Forrester Research, just over 40,000 lawyer jobs will be sourced abroad by 2015 (about 8% of total projected lawyer employment). Financial services and IT shops recognized the...
by Bruce | October 18, 2004 | Articles, Finance, Knowledge Management, Leadership, Strategy, Technology strategy
"Business intelligence" software? Who could argue with that? Actually, it would help to be able to define it first, so particularly if this is a new jargon-bite to you, the always-insightful and articulate Monica Bay is a must-read. ...
by Bruce | October 17, 2004 | Articles, Finance, Globalization, M&A, Strategy
Here’s a thought experiment: What if law firms could become publicly traded companies? In the UK, it’s not going to be a thought experiment much longer. Under a proposal approved by The Law Society (more or less their ABA), non-lawyers will...