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...
by Bruce | October 5, 2006 | Articles, Cultural Considerations, Finance, Globalization
The "Global 100" is out, presented jointly in The American Lawyer and in The Lawyer. Like the AmLaw 100, the "Global 100" ranks firms by revenue (as opposed to, say, lawyer headcount or profits per partner), and here are some of the...
by Bruce | October 2, 2006 | About the Site, Articles, Cultural Considerations, Finance, Strategy
If you ever wondered why "Adam Smith, Esq." concentrates on law firms to the essential exclusion of inhouse legal departments—and if you happened to know that I spent nearly 10 years inhouse at Morgan Stanley/Dean Witter as a securities lawyer,...
