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“The IT Value Matrix:” Play Offense, Not Defense

by Bruce | April 14, 2006 | Articles, Cultural Considerations, Finance, Leadership, Technology strategy

I haven’t written about IT lately, but do not infer that I doubt or gainsay its bedrock role in our lives and work; it is as essential as air and sunlight.   But since "Adam Smith, Esq." is not a tech-centric site (there are many amply...

David Maister on “Unmanageable” Law Firms (That Would Be All of Them)

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

The Irish Bishop George Berkeley (1561—1626) famously asked, " “If a tree falls in the forest and no one hears it, does it make a sound?”  As a metaphysical question having to do with fundamental questions of epistemology, it remains...

Are Associate Salaries Justified? The People Have Spoken

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

Our last poll, asking "Are Associate Salaries Justified," drew just over 300 votes, and here are the results: Since it’s almost illegible at this resolution, here’s a recap of the breakdown: 36%, the plurality by far, representing the...

Clint Stevenson, Latham & Watkins: 1924–2006

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

From a New York-based Latham & Watkins partner whom I consider a friend comes word for those of you who may have missed it that Clint Stevenson, the firm’s Managing Partner from 1967 through 1989, died on March 31, 2006 in Los Angeles, California at the age...

Dare to Nominate Your Firm For This

by Bruce | April 10, 2006 | Articles, Finance, Globalization, Knowledge Management, Leadership, Partnership Structures, Practice Group Management, Strategy, Technology strategy

"Lawyers and innovation are not words that people automatically put together," is how the FT starts its announcement of the launch of a ranking of the most innovative law firms, and individual lawyers, co-sponsored by the accountancy BDO Stoy Hayward and...

At This Rate, We’ll Get There in 2115

by Bruce | April 9, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures

Stephen Bainbridge jokes to his wife that his latest column at the highly idiosyncratic site, "Tech Central Station" "guarantees that I will never be President of Harvard." The column, titled "Legal Sex Tournaments," applies the familiar...
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