by Bruce | August 19, 2015 | Articles, Business Models, Client Relationships, Finance, Marketing, Practice Group Management
Today I want to discuss what, I imagine, many readers will thing is a hare-brained idea; and then I want to explain why, if you adopted this idea, your own behavior would change such that it might not end up being hare-brained in the least. Both dimensions of this...
by Bruce | August 6, 2015 | Articles, Finance, Leadership, Strategy, Technology strategy
Today’s column is by Janet Stanton, Partner, Adam Smith, Esq. It’s a truth universally acknowledged that Law Land resists change like the plague. And, yes, this is pretty widely attributed to the phenom known as the “lawyer personality,” characterized by an...
by Bruce | July 30, 2015 | Articles, Business Models, Finance, Partnership Structures, Strategy
You may have heard about the Business Leadership Summit being organized by The Lawyer, taking place in London September 22—23. (More information here; registration here.) The theme is “embracing change in the delivery of legal services,” and here are are a...
by Bruce | June 25, 2015 | Articles, Business Models, Finance, Strategy, Technology strategy
Much talk has been devoted lately to whether the growth of in-house law departments will take market share from Big Law, or, posed more in the language of economics, whether in-house lawyers are a reasonable substitute for outside counsel. Confessing that I have not...
by Bruce | June 10, 2015 | Articles, Finance, Leadership, M&A, Strategy
The industry standard in tracking law firm mergers, Altman Weil’s Mergerline, has had this to say about activity in the wake of the Global Financial Reset (emphasis mine): 2011: “There were 60 law firm mergers and acquisitions announced in the United...
by Bruce | May 27, 2015 | Articles, Finance, Globalization, Strategy
With the annual publication of the AmLaw 100 and Second Hundred, it’s rankings season for BigLaw. Think of it as our little industry’s equivalent of earnings season for public companies—we having become a “quasi public” industry, as one of my...
