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Lessons from Goldman Sachs

by Bruce | December 17, 2009 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy

In the 1980’s and 1990’s, one often heard the only semi-facetious phrase that “investment bankers are short-term greedy, but lawyers are long-term greedy.”  One of the few exceptions to “short term greedy” on the I-Bank side of...

The Great “Laterals” Conversation, Chapter 2

by Bruce | November 10, 2009 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy

My recent column, What Makes Laterals Run?, has generated a most rewarding level of reader feedback, worthy of an update to the original column. Reactions have literally come from around the world, and, with the permission of my correspondents (all of whom expect...

In That Case, Are We the Investment Banking Industry?

by Bruce | October 30, 2009 | Articles, Finance, Globalization, Leadership, Strategy

Clients coming to me–and they’re coming to me as never before–seeking clarity on what this will all look like “on the other side” are usually, for starters, really asking “How worried should I be?” Sometimes of late, to reduce...

Law Firm Business Models: A New Series

by Bruce | October 26, 2009 | Articles, Business Models, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures

According to the most recent fossil record discoveries, life on Earth dates back about 3,450-million years. But for about the first 85% of that time span, organisms were extremely simple, composed of individual cells, occasionally organized into colonies.  Pretty...

Hogan & Hartson/Lovells?

by Bruce | October 9, 2009 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Innovative Managing Partners, Leadership, M&A, Strategy

Hogan & Hartson/Lovells? As amply reported (Legal Week, The National Law Journal, The Lawyer), the firms are in merger talks and, since no one is remotely denying the reports, we can only assume it’s all quite for real. We’ll get to what we think it...

Your Thoughts on Work-Life Balance

by Bruce | September 2, 2009 | Articles, Cultural Considerations, Finance, Practice Group Management

Results are in from our poll of a few weeks ago in Where Have You Gone, Work-Life Balance? and here are the results (multiple answers were permitted): Since it’s hard to read, here are the results in order of popularity.  The question, again, was...
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