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...
by Bruce | February 18, 2011 | Articles, Cultural Considerations, Finance, Strategy
Tim Bratton, the general counsel of the Financial Times, has an interesting perspective on DLA Piper’s recently announced plan to revamp its client base. Here’s what that entails: All partners were given details of the framework last month as part of a bid...
by Bruce | February 1, 2011 | Articles, Compensation, Cultural Considerations, Finance, Practice Group Management
Here on Adam Smith, Esq., we’ve never devoted a lot of ink to work/life balance issues or, for that matter, to lawyers’ happiness with their jobs, stress levels, rates of depression/alcohol abuse/divorce (all of which, as is well-known, we over-index on),...
