by Bruce | March 25, 2008 | Articles, Cultural Considerations, Finance, Globalization, Practice Group Management, Strategy
The attentive among you may recall that I was in London last November where, among other things, I was pleased and flattered to have been asked by Guy Beringer of Allen & Overy to participate in a panel hosted at A&O’s Bishopsgate headquarters on...
by Bruce | March 21, 2008 | Articles, Compensation, Cultural Considerations, Finance, Practice Group Management, Strategy
No question is posed to me more frequently these days than, "What does this economic environment mean for law firms?" To which the only sensible answer is, "It’s way too soon to predict anything for sure, but each firm’s own situation is...
by Bruce | March 15, 2008 | Articles, Cultural Considerations, Finance, Globalization, Leadership, M&A, Strategy
Just back from an abbreviated week in London (essentially Tuesday through Thursday). Herewith a report. I met with the managing partners of a good half-dozen firms, fairly representative of the marketplace, and unsurprisingly the top question on most minds is...
by Bruce | February 27, 2008 | Articles, Finance, Globalization, Innovative Managing Partners, Leadership, M&A, Strategy
Consider your reactions to these three hypothetical scenarios: In light of slack demand, BMW announces a combination of price cuts, rebates, and financing incentives that would save you 15%. More or less likely to visit a dealer? The Dow Jones Industrials are down 15%...
by Bruce | February 25, 2008 | Articles, Finance, Practice Group Management, Strategy
So once it’s in The Wall Street Journal it must be a real phenomenon, right? I’m referring to today’s "Why BigLaw Is Bracing for a Leaner 2008," along with its companion piece on the WSJ Law Blog. A sampling of the evidence adduced behind...
by Bruce | February 22, 2008 | Articles, Cultural Considerations, Finance, Leadership, Practice Group Management
Tuesday I attended one of the regular lunch-time meetings of the ABA’s "Back to Business Law" project which describes itself as "a pilot project sponsored by the ABA Section of Business Law, [to] provide periodic continuing legal education...