by Bruce | July 21, 2008 | Articles, Compensation, Cultural Considerations, Finance, Law Schools
My friend Prof. Bill Henderson of Indiana University School of Law has just published a highly significant column titled "How the ‘Cravath System’ Created the Bi-Modal Distribution." At least one blog ("MoneyLaw") has already deemed it...
by Bruce | July 14, 2008 | Articles, Finance, Practice Group Management
I’ve been increasingly mystified, now bordering on troubled, by a new case of "the dog that didn’t bark." Here’s my question: Given that we’ve been slogging through this subprime/Alt-A/Bear Stearns/Freddie & Fannie...
by Bruce | July 14, 2008 | Articles, Cultural Considerations, Finance, Practice Group Management, Strategy, Technology strategy
Here’s an addendum to the coverage I gave to Eversheds’ Report on The Law Firm of the 21st Century, as well as to the story I published last month on the conference held here in New York sponsored by Eversheds. This email came in over the weekend...
by Bruce | July 10, 2008 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Strategy
Richard Turnor, a partner in the Private Client Group at Allen & Overy, has penned for Managing Partner Magazine one of the more thoughtful pieces on the implications of the Legal Services Act in the UK. In particular, he asks the same question...
by Bruce | July 3, 2008 | Articles, Finance, Innovative Managing Partners, Leadership, Practice Group Management, Strategy
This is a column about wringing our hands. Our first text, from the Old Testament conventional debate, stems from today’s WSJ story on "Axiom Legal," headlined Newcomer Law Firms Are Creating Niches with Blue-Chip Clients, discussing the business model...
by Bruce | June 26, 2008 | Articles, Compensation, Finance, Practice Group Management
Three guesses what these numbers represent: Blank Rome 20 Cadwalader 35 Clifford Chance 6 Hunton & Williams ?* Paul Hastings ?* Powell Goldstein <10 Sonnenschein 37 Sutherland Asbill & Brennan 15* Thacher Proffitt 24 Thelen Reid 26 Total 174** *not verified...
