by Bruce | May 27, 2010 | Articles, Cultural Considerations, Finance, Globalization, Strategy
So what’s on everyone’s mind here? Actually, the same things that are on everyone’s minds in the US, although the Brits express it in their own unmistakable and uniquely articulate ways. Here are the key topics: The Hogan/Lovells,...
by Bruce | May 18, 2010 | Articles, Compensation, Finance
Whatever your views might be on the intrinsic validity or durability of the billable hour, timekeeping is still fundamental to most firms’ accounting and compensation systems, so it remains a topic of “evergreen” interest. Adam Smith, Esq. has posted...
by Bruce | May 13, 2010 | Articles, Compensation, Finance, Leadership
Orrick announced on May 12 that “it will no longer use or report, internally or publicly, the metric of Profit Per Equity Partner.” Please join me in prayer, dear congregants, that this will inaugurate a trend. I’ll explain in a moment, but first,...
by Bruce | April 21, 2010 | Articles, Finance, Globalization, Strategy
“Indian law group names City leaders in call for action against foreign firms” read the headline in LegalWeek a few days ago. The (brief) article goes on to explain that a group called the Association of Indian Lawyers filed a petition for a writ...
by Bruce | April 19, 2010 | Articles, Finance, Partnership Structures
As has been widely reported on law.com and Bloomberg, Dewey raised $125-million in a private placement of bonds, reportedly sold to institutional investors (mostly insurance companies) with maturities of 3–10 years. Rates paid were not disclosed. The firm was...
by Bruce | April 8, 2010 | Articles, Finance, Practice Group Management, Profiles of Individuals, Strategy
Last week I had a chance to sit down with Howard Altarescu of Orrick, who I felt compelled to get to know better when he was the first, and still the only, person to know the answer to a question I like to pose, whenever I have the chance, to groups of lawyers...
