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How Do Partners Fund Their Capital Contributions?

by Bruce | August 20, 2006 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Practice Group Management, Strategy

Today’s topic is funding partner contributions to the firm’s capital.  Specifically, how does one fund those contributions?  And since the question is empirical, we have a poll, to which I invite all familiar with their firm’s practice to...

AreYou Thinking Statically or Dynamically?

by Bruce | August 13, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy, Technology strategy

Law Technology News has a panel—although it actually seems to be a list of isolated commentators, not an interactive group discussion—talking about "how the emergence of business intelligence financial analysis software is going to affect the legal...

“The First 100 Days as Managing Partner:” Everything You Need to Know

by Bruce | August 11, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Strategy

My good friend and colleague Patrick McKenna just released a new e-book, "The First 100 Days:  Transitioning a New Managing Partner," which is available for free download and reading here, using the nifty "Nxtbook" publishing platform. ...

M&A, Meet Strategy

by Bruce | August 3, 2006 | Articles, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Practice Group Management, Strategy

Although the jury may still well and truly be out on whether the consolidation wave among AmLaw firms: (a) is just getting started; (b) has already crested; (c) is the smartest thing firms could possibly do in our increasingly globalized and client-centric world; (d)...

Can We Measure the ROI of IT? Should We?

by Bruce | July 30, 2006 | Articles, Cultural Considerations, Finance, Leadership, Practice Group Management, Technology strategy

The latest issue of CIO Insight features a lead article called, "Most Companies Struggle to Measure the Value of IT," and headlines:  "No right way has emerged to measure IT value, and the most common measures fare the worst." To hear them...

Single-Tier vs. Two-Tier: What the Data Does (and Does Not) Show

by Bruce | July 27, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy

My friend Prof. William Henderson of Indiana University Law School/Bloomington has diligently worked on an analysis of the profits-per-partner of single-tier vs. two-tier law firms, which was just published in the  North Carolina Law Review (Indiana Legal Studies...
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