by Bruce | August 31, 2011 | Articles, Finance, Globalization
Liz Kurtz, a reporter for BigLaw, asked me earlier this week: The stock market has been quite volatile lately, and intimations of a “double dip recession” seem always to be lurking, in the reports of a persistently weak economy and in dire predictions of...				
					
			
					
				
															
					
					 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...