by Bruce | August 26, 2013 | Articles, Finance, Leadership, Strategy
The three heavy hitters in the BigLaw metrics performance reporting world who draw their data directly from law firm general ledgers either as bankers (Citi and Wells Fargo) or as financial reporting applications (PeerMonitor) have just all come out with their latest...
by Bruce | August 23, 2013 | Articles, Compensation, Finance, Strategy
The always intrepid Lee Pacchia of Bloomberg Law interviewed me about the industry’s results year to date in the wake of the publication of the Citi Private Bank, Wells Fargo Law Firm Group, and ThomsonReuters PeerMonitor data in the past couple of weeks. Take a...
by Bruce | August 21, 2013 | Articles, Finance, Leadership, Strategy
In our first installment we talked among other things of driving leadership down into the organization and encouraging people to experiment. I closed by noting that nothing would happen unless (a) people throughout the firm were genuinely engaged with the project; and...
by Bruce | August 16, 2013 | Articles, Finance, Leadership, Strategy
Years ago one of my very favorite Managing Partners said to me, “We’ll know BigLaw is mature as an industry when a firm in need of a new Managing Partner does what every Fortune 500 company has done at one time or another—runs up I-95 to Fairfield,...
by Bruce | August 6, 2013 | Articles, Finance, Leadership, Strategy
One lens through which to view a large part of the corpus of business and management literature is that of metrics. Simply consider how much of what’s written consists of discussions about what to measure, what to optimize, and how to enhance all those numbers....
by Bruce | July 26, 2013 | Articles, Finance
There seems to have been a spasm an unusual concentration of articles recently advancing the theory (I generalize) that all is well in BigLaw and that in fact even the universally acknowledged cost/benefit mismatch of a JD degree is mistaken. Regular readers know that...