by Bruce | February 14, 2014 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Practice Group Management, Recruiting, Strategy
When a large number of smart, accomplished, ambitious people seem to be behaving in a way that makes no rational sense, there has to be an irrational explanation. I’ve written and spoken before about my overall attitude towards aggressive lateral partner...
by Bruce | February 6, 2014 | Articles, Compensation, Finance, Globalization, Strategy
The first installment in this series presented the background and basic ramifications of the proposal now pending in Congress to require law firms and other professional service firms with annual revenue over $10-million to adopt the accrual accounting basis and not...
by Bruce | January 31, 2014 | Articles, Finance
In the first installment in this series, I outlined the proposal pending before Congress to require essentially all law firms with more than one or two dozen lawyers (more than $10-million in annual revenue) to switch from cash to accrual accounting. In this...
by Bruce | January 26, 2014 | Articles, Finance
As creator of an online publication with worldwide readership, I suppose you might think it ill behooves me to launch a critical salvo at the media (“mainstream” and otherwise, a distinction increasingly without a difference), but I have often found...
by Bruce | January 10, 2014 | Articles, Finance, Strategy
Harvard economists Carmen Reinhart and Ken Rogoff, authors of the famous 2009 book This Time is Different: Eight Centuries of Financial Folly, are back with a study reporting their follow-up research on how major economies of the world are dealing with the aftermath...
by Bruce | December 10, 2013 | Articles, Cultural Considerations, Finance, Leadership
A few highlights from The American Lawyer’s just-released annual law firm leaders survey: Five years in to the Great Reset, the way clients buy legal services has settled into a new normal: In-house capabilities are expanding; Price/fee pressure is relentless;...
