by Bruce | February 7, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
It has been amply reported that last month New York, and then all major national, firms went to $145,000/year first-year associate salaries, and that the following "Simpson Thacher bump" raised the ante to $160,000/year. Several people have asked me...
by Bruce | February 3, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Knowledge Management, Leadership, Marketing, Partnership Structures, Practice Group Management, Strategy, Technology strategy
Mark Chandler, a Senior Vice President and the Secretary and General Counsel of Cisco, gave a speech last week in San Diego at the Northwestern School of Law’s 34th Annual Securities Regulation Institute, which has been getting a fair amount of play online, and...
by Bruce | January 30, 2007 | Articles, Cultural Considerations, Finance, Globalization, Practice Group Management, Strategy, Technology strategy
True story related to me this month by a friend who happened to be accompanying a senior and a junior partner through the library of their AmLaw 25 firm, with an eye towards figuring out if the space could be used better: Junior Partner (adamantly): ...
by Bruce | January 25, 2007 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Strategy
"Goldman Sachs on line 1, Blackstone Partners on line 2—they both want to buy 20% of the firm." Could that be a scenario you, or your successors, will be facing some day? In the UK, something very like it is already happening. ...
by Bruce | January 24, 2007 | Articles, Cultural Considerations, Finance, Globalization, Leadership, M&A, Practice Group Management, Strategy
The coverage has been wall-to-wall, if not deafening, and two things we do not do here at "Adam Smith, Esq." (there are others, trust me) are (1) cover breaking news; and (2) tell you things that we know you already know. So I haven’t yet...
by Bruce | January 19, 2007 | Articles, Finance, Knowledge Management, Leadership, Practice Group Management, Technology strategy
I’m pleased to be able to be able to announce the winners of the 2007 Law Technology News Law Firm and Law Department Awards. If you’re going to be at LegalTech, I understand tables for the awards dinner are still available. (As a member...