by Bruce | October 30, 2006 | About the Site, Adam Smith Himself, Articles, Finance
Courtesy of a UK reader comes word that Adam Smith will adorn the new £20 banknote to be issued by the Bank of England next spring. In The Guardian’s coverage, the headline is "Adam Smith becomes first Scot to adorn an English banknote."...
by Bruce | October 30, 2006 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Strategy
In 2003, according to the National Association for Law Placement, the attrition rate among associates by their fifth year was 53.4%. (The universe of law firms sampled was not disclosed.) In 2005 (hopefully among the same universe of firms), it was (pick...
by Bruce | October 22, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management
Associate retention/attrition may have always been a chronic problem for the industry, but is it only me or is the situation actually deteriorating? Annual attrition rates of 25% at AmLaw 50 and UK 50 firms are now widely reported, and as I previously noted one...
by Bruce | October 17, 2006 | Articles, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
If your firm is "two-tier" (equity and non-equity partners), would you ever consider going back to single-tier? Ridiculous, outlandish question—preposterous, beyond the pale, unthinkable? I’m here to remind you that CMS Cameron McKenna, #13...
by Bruce | October 13, 2006 | Articles, Cultural Considerations, Finance, Technology strategy
It’s a truism that one often learns by teaching, and I’ve experienced this very phenomenon in leading the MBA course, "Strategic Technology & Innovation," which I’m teaching this semester at SUNY/Stony Brook’s Manhattan campus....
by Bruce | October 8, 2006 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Strategy
New York, London, Hong Kong. Silicon Valley/San Francisco, Los Angeles, Denver, Seattle, Boston, Washington, DC. These are special places in the world, all would reasonably acknowledge, but I’m fascinated by the question, "Why?" Why these places, why...
