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The War for Talent

by Bruce | July 26, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy

Legal Week argues that "ensuring the best individuals make it up the partnership ladder has never been harder." They (properly) cite the landmark McKinsey study of nearly ten years ago, The War for Talent, which surveyed 6,000 executives from the "top...

Is Your Firm an IT Pioneer, or a “Fast Follower?”

by Bruce | July 20, 2006 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Technology strategy

Rarely do the stars align to find David Maister, Richard Susskind, and Kieran Flatt (Legal IT) all writing about the same thing at the same time, but when it so happens the opportunity to try to synthesize their thinking is too rich to pass up. The common topic du...

Do the AmLaw 200 and the Fortune 500 Follow in Each Other’s Footsteps?

by Bruce | July 18, 2006 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Strategy

My friend Professor Bill Henderson of Indiana University Law School/Bloomington continues his fascinating empirical research into the legal profession with a new piece which analyzes, over the past 20 years, the geographic migration of large law firms and their...

Why Your “Intended” Strategy May Not Be Your “Realized” Strategy

by Bruce | July 12, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy

Does your firm seem to have one strategy in theory and another in practice?   That is to say, does your intended strategy differ from the strategy that actually emerges based on people’s behavior? If so, you may not be alone.  Indeed, Harvard...

“What Are Other Firms Doing?” Wrong!

by Bruce | July 7, 2006 | Articles, Cultural Considerations, Finance, Leadership, Practice Group Management, Strategy, Technology strategy

Have you been struck by how frequently the first question lawyers will ask, when exposed to a new suggestion about how they might run things at the firm (from the smallest to the largest issues) is:  "Well, what other firms are doing that?" On one...

Are You “Making” Your Times, or Are They Making You?

by Bruce | July 5, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Strategy

As regular readers know, I subscribe to the "people make the times" theory of history rather than the "times make the people" theory. Today’s lesson features Greg Jordan of Reed Smith, who recently engineered the merger of his firm with...
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