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How Healthy Is Your Firm?

by Bruce | May 26, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Strategy

As a manager, how do you balance the imperative of long-term strategic focus with the exigencies of day to day "incoming?"  As a practitioner, how do you balance the demands of clients and deals with your well-intended resolutions to be a better...

World’s First Publicly Traded Law Firm

by Bruce | May 23, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Strategy

As noted in the WSJ Law Blog, on law.com’s legal blog watch , and by my good friend Larry Ribstein, the Australian law firm Slater & Gordon, a personal injury specialist firm with 21 branches in the country and over 20,000 clients, became the first...

Are There Still Any Innovative Transactions?

by Bruce | May 21, 2007 | Articles, Cultural Considerations, Finance, Leadership

I have often wondered—perhaps you have as well—how "innovative" the practice of law really is. Certainly you’ve heard the view that a profession built on precedent is inherently allergic to innovation, but I believe there are...

“Dechert Cracks the Code:” But What Was Encoded?

by Bruce | May 17, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Strategy

Dechert was #48 on the AmLaw 2001 and is #24 on the AmLaw 2006.   Under the headline, "Dechert Cracks the Code for Am Law 100 Success," The American Lawyer tries to explain how the firm pulled it off.  I wish the article were more successful...

Step With Me Through the Looking Glass to 1983

by Bruce | May 15, 2007 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures

In doing some research about large law firm dissolutions (Brobeck, Coudert, Finley Kumble, Shea & Gould, etc.), I came across a November 15, 1983 article from The New York Times archives entitled "Business and the Law: Fall in Income at Big Firms." Join...

The Paradox of Capitalism

by Bruce | May 13, 2007 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Strategy

"The most penetrating analyst of capitalism who ever lived?"  No, it’s not Adam Smith himself, who was in a poor position to be an "analyst" of what he essentially invented.  Keynes?  Marx?  Darwin? (I’m actually not...
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