by Bruce | October 10, 2007 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures
From the TimesOnline (UK): "Peter Bloxham, the former head of restructuring at Freshfields Bruckhaus Deringer, has lost his landmark £4.5 million age discrimination claim against the elite City law firm." This was a long-awaited and closely watched...
by Bruce | October 4, 2007 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Strategy
Some of you may have seen the piece that ran in The Recorder about 10 days ago with the attention-getting headline, "In Salary Twist, Firm Pays More–and Less." (It was also picked up by the WSJ’s Law Blog, as the "Associate...
by Bruce | October 3, 2007 | About the Site, Articles, Compensation, Finance
Being quoted in both The New York Times ("When $1,000 an Hour Is Not Enough," by David Lat of Above The Law) and The Wall Street Journal (Peter Lattman at the Law Blog picking up the NYT story), in "Is The ‘Premium Party’...
by Bruce | October 1, 2007 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
My firm does/does not have a mandatory retirement policy. I do/do not believe we should have one. Discuss. This comes up because of the near-even split in the industry between firms that have such policies and those that don ‘t—57% of all firms...
by Bruce | September 28, 2007 | Articles, Finance, Globalization, Leadership, Strategy
The "Global 100" is out, a joint production of The American Lawyer and LegalWeek, which of course are now conjoined under the umbrella of IncisiveMedia. It ranks the largest firms through three filters: Highest gross revenue for the most recently...
by Bruce | September 27, 2007 | Articles, Finance, Globalization, Partnership Structures, Strategy
Profits Per Partner troubles me. As I’ve written before, it has (at least) the following defects: It’s extraordinarily manipulable, with especially toxic consequences for firms whose approach is to hack away at the denominator while taking few or no steps...
