by Bruce | June 27, 2014 | Articles, Finance
Today, a column from Janet Stanton, inviting us (with her) to take a fresh view of Law Land with a brain uncorrupted by having lived her entire life in Our World: A challenge to our readers: Just how profitable are law firms? Having spent most of my professional...
by Bruce | June 24, 2014 | Articles, Finance, M&A, Strategy
Law firm merger talk seems more in the air than ever, with deals and rumors of deals abounding and redoubtable resources such as Altman Weil’s MergerLine reporting record levels of activity. We would like to believe we’re relatively impervious to being...
by Bruce | June 13, 2014 | Articles, Branding, Client Relationships, Finance, Leadership, Strategy
I call it the Hollow Middle, but Knowledge@Wharton prefers “Disappearing Middle.” Here’s what, writing in their pages, the CEO of the Cambridge Group, identified as “a growth strategy consulting firm that is part of Nielsen,” has to say...
by Bruce | June 3, 2014 | Articles, Business Models, Finance, Leadership, Strategy
Brief thoughts prompted by the release a few days ago of the AmLaw Second Hundred. These are firms ##101—200 in the AmLaw ranking, and by and large they’re regional shops based in secondary metropolitan areas, or small shops in primary cities, or specialists....
by Bruce | May 28, 2014 | Articles, Business Models, Finance, Globalization, Leadership, Strategy
Many of you have read or know of our first book, Growth Is Dead: Now What? Law firms on the brink, published early in 2013. We now have a sequel of sorts, just published this week: A New Taxonomy: The seven law firm business models. “A sequel of sorts” in...
by Bruce | May 19, 2014 | Articles, Business Models, Finance, Leadership, Strategy
It has become bromidic to observe that we’ve moved from a linear growth market, ever up and to the right, to one of flat demand (did someone say, “growth is dead?”). We are, in short, in a battle for market share. Welcome to the rest of the economy....