by Bruce | January 4, 2023 | Articles, Business Models, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
“Transparency!” is a far more clarion call to arms than “Opacity.” And as a securities lawyer, I was trained–and didn’t take much convincing, truth be told–that full disclosure was a not so minor deity. Yet here I am...
by Bruce | December 12, 2022 | Articles, Business Models, Cultural Considerations, Finance, Globalization, Leadership, Strategy
Remember these? We made it customary here at Adam Smith, Esq. to publish a “Letter from….” after our return from any meaningful business trip to noteworthy cities. And, thankfully, here we are. When you’ce been away from anything–a Great...
by Bruce | October 10, 2022 | Articles, Finance, Just Plain Interesting, Profiles of Individuals
And the winner of the 2022 Nobel prize in economics is… Ben Bernanke! Or, as The New York Times reported somewhat more formally: The Nobel Memorial Prize in Economic Sciences was awarded on Monday to Ben S. Bernanke, the former Federal Reserve chair, and two...
by Bruce | October 4, 2022 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Practice Group Management, Recruiting, Strategy
We’ve worked with a lot of law firms over the years and an evergreen topic of discussion is their partner compensation plan–how it’s structured overall, if it’s aligned to the firm’s strategy, and then all the devilish details to be...
by Bruce | September 21, 2022 | Articles, Business Models, Finance, Globalization, Leadership, Practice Group Management, Strategy
Geography–a “sense of place”–is often taken for granted as the inevitable but fundamentally random by-product of historical happenstance, and almost never appreciated for the strategic dimension it provides–like it or not. Because...
by Bruce | September 13, 2022 | Articles, Business Models, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
Recently across my desk came a copy of a thoughtful and comprehensive article on why law firms collapse. Or rather, I should say, a pair of articles on that topic, both by John Morley, Yale law professor {his name was not familiar to me). The pair of articles consists...
