by Bruce | April 24, 2007 | Articles, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Strategy
Regular readers know that I’ve written periodically about the so-called "Clementi" reforms scheduled to take effect next year in the UK which would permit public ownership of, and investment in, law firms, as well as permitting diversified...
by Bruce | April 20, 2007 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
Nobody likes to be the weatherman when the forecast is for wind-driven freezing rain, and far be it from me to aspire to that dour post. But based on some indicators such as the Hildebrandt/Citigroup Private Bank March 2007 Client Advisory, which reports that...
by Bruce | April 17, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Innovative Managing Partners, Leadership, M&A, Partnership Structures, Profiles of Individuals, Strategy
In 1999, Reed Smith’s 610 lawyers generated $168-million in revenue, from 14 offices in the Northeast and Mid-Atlantic states. At the start of 2007, its 1,500 lawyers are on track to do $900-million in revenue, from 21 offices across the US from California to...
by Bruce | April 13, 2007 | Articles, Finance, Globalization, Leadership, Strategy
The 2006 AmLaw 100 is coming out May 1, and in anticipation of that I’d like to discuss how hard it is to achieve, and sustain, superior performance. Fortunately, I have the crutch of McKinsey studying precisely this question, at least as it relates to the...
by Bruce | April 10, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Profiles of Individuals, Strategy
If you’ve never run across Arnie Jacobs, a partner at Proskauer in New York, and a "dean of securities law," I hope the stars may align that you will. Early in my career as a lowly associate at Shea & Gould, I had the privilege of working...
by Bruce | April 4, 2007 | About the Site, Articles, Finance, Globalization, Leadership, Strategy
When both I and my friend Larry Ribstein are quoted in the same Wall Street Journal article, it’s too rich to resist. So, hoping this constitutes "fair use," herewith the piece from today’s paper, pg. B2: Losing the ‘LLP’? With the...