by Bruce | September 9, 2006 | Articles, Finance, Leadership, Strategy, Technology strategy
Does this sound like your firm? IT is managed as one massive homogeneous lump, where the executive committee’s key concern seems to be managing (read: reducing) costs. Now, reducing costs (or increasing productivity, or mitigating risk) may be fine...
by Bruce | September 5, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Strategy
My piece about "Superstar Economics" and laterals has produced an unusually heavy volume of reader response, so it deserves a follow up. Herewith its desserts: The original piece, as I hope you recall, posed the question: Assume for...
by Bruce | September 3, 2006 | Articles, Compensation, Finance, Partnership Structures, Practice Group Management, Strategy
Back on August 20th, I posed the question to you, "How do partners fund their capital contributions to the firm?" The votes are now in: So the "winner," by a reasonable margin, is "a portion of my compensation is retained by the firm...
by Bruce | August 31, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership
It has not typically been my practice at "Adam Smith, Esq." to decry the emergence of lucrative new practice specialties, but we now have a candidate: The explosion of stock option "backdating" investigations swamping 87, 112, or over 2,200...
by Bruce | August 28, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Practice Group Management, Strategy
Using as a "hook" the dismissal of Tom Cruise from Paramount Pictures by Sumner Redstone, today’s NYT has a piece in the Business Section (also here for those of you not members of the obnoxious "Times Select"), "A Big Star May Not a...
by Bruce | August 21, 2006 | Articles, Compensation, Cultural Considerations, Finance, Practice Group Management, Strategy, Technology strategy
Eversheds has announced that it will be outsourcing almost 100 of its IT staff, "the bulk of its IT function," before the end of the year; those affected include the IT helpdesk, infrastructure teams, and IT training specialists. According to Legal...
