by Bruce | August 9, 2004 | Articles, Cultural Considerations, Finance, Leadership, Partnership Structures
At least according to the Financial Times, in an article about the difficulty of crossing the chasm from senior associate to rain-making partner. In part the difficulty is a familiar one and one we’ve rehearsed before: Lawyers are simply not trained...
by Bruce | August 6, 2004 | Articles, Cultural Considerations, Finance, Leadership
Does a law firm need a General Counsel? While the notion of piling lawyers on top of lawyers may seem counterintuitive, let’s step back and play one of my favorite thought experiments: What (if anything) in the nature of a law firm as a business...
by Bruce | July 31, 2004 | Articles, Finance, Globalization
Across the pond, financial news is bad, at least if you’re among the top 10 "City" [read: London-HQ’d] firms. Profits per partner are down almost 8% year over year, and there’s apparently no sign of recovery from the obvious and...
by Bruce | July 30, 2004 | Articles, Finance
Is here.
by Bruce | July 30, 2004 | Articles, Finance
The AmLaw 200 (it’s actually the AmLaw 101—200, but that’s nitpicking) is out and if "a few anecdotes make a trend," let us be among the first to claim such an insight: The AmLaw 200 is no longer a ghetto for small firms in big...
by Bruce | July 29, 2004 | Articles, Finance
Is low-balling fees to win new clients rational? This is a deeply empirical question which can never be resolved in the abstract, as the answer is dependent upon "microeconomics," which in the strict sense means highly industry- , firm-, and...