by Bruce | August 23, 2011 | Articles, Compensation, Finance, Leadership, Partnership Structures, Practice Group Management
Steven Harper, a former Kirkland partner of 30 years who now writes at The Belly of the Beast and is re-published regularly on law.com, is someone whose writing and analysis I have admired since he first appeared on the scene. (No, I don’t know him, but I wish I...
by Bruce | June 19, 2011 | Articles, Business Models, Cultural Considerations, Finance, Leadership, Practice Group Management, Strategy
Legion are the topics lawyers don’t talk about, and they could perhaps be accurately summarized as “anything we’d prefer not to talk about,” but primary among them is the strength or weakness of their own firms’ business models. So...
by Bruce | April 4, 2011 | Articles, Cultural Considerations, Finance, Leadership, Practice Group Management, Strategy
Recently, I wrote about what I called the Tier 1/Tier 2/Tier 3 challenge for BigLaw. Briefly, the Tiers are: 1: What everyone aspires to. Think Wachtell, Skadden, Cravath, et al. Good luck emulating them, or convincing the market you’re their peers if...
by Bruce | March 12, 2011 | About the Site, Articles, Finance, Practice Group Management
I’d like to bring to your attention an all-day seminar happening here in midtown New York on Thursday, March 24th, sponsored by the Ark Group and Managing Partner magazine, on Value-Billing Fee Arrangements and Legal Service Logistics.Here’s the rundown of...
by Bruce | February 25, 2011 | Articles, Finance, Practice Group Management, Strategy
There’s been so much talk recently about “alternative fee arrangements” (AFAs) that, frankly, we’re exhausted. But before we give up on the subject entirely (which, don’t be alarmed, we shan’t do), it’s perhaps time for a...
by Bruce | February 18, 2011 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Practice Group Management, Strategy
A-ha! That, at least, was my reaction when reading the research report published this week in The Lawyer. Here are the top-line results, and then I’ll give you my reaction: The Lawyer hired a research firm called Motive to analyze lateral...