by Bruce | May 28, 2014 | Articles, Business Models, Finance, Globalization, Leadership, Strategy
Many of you have read or know of our first book, Growth Is Dead: Now What? Law firms on the brink, published early in 2013. We now have a sequel of sorts, just published this week: A New Taxonomy: The seven law firm business models. “A sequel of sorts” in...
by Bruce | March 8, 2014 | Articles, Business Models, Cultural Considerations, Globalization, Strategy
Greetings from the right side of the pond: Impressions and observations from a wide-ranging series of conversations and meetings over the past few days. 1. Overall, the market here strikes me as a few years beyond—more evolved—than the US market. Why this is so I have...
by Bruce | February 6, 2014 | Articles, Compensation, Finance, Globalization, Strategy
The first installment in this series presented the background and basic ramifications of the proposal now pending in Congress to require law firms and other professional service firms with annual revenue over $10-million to adopt the accrual accounting basis and not...
by Bruce | November 25, 2013 | Articles, Finance, Globalization, Innovative Managing Partners, Leadership
The other night I was fortunate enough to be invited to attend the FT’s Innovative Lawyers 2013 (US) awards ceremony at the New York Public Library’s main Fifth Avenue and 42nd branch. (The report was published here the next day in the paper, and you can...
by Bruce | November 13, 2013 | Articles, Business Models, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
The other week I had the chance to sit down with Ted Burke, outgoing chief executive and global managing partner of Freshfields. I’ve known Ted for years, consider him a friend, and with the announcement a month or so ago that he would be stepping down at...
by Bruce | October 25, 2013 | Articles, Business Models, Cultural Considerations, Finance, Globalization, Leadership, Strategy
The other week the redoubtable George Beaton launched what turned into as wide-ranging an online discussion as I can remember, under the title The rise and rise of the NewLaw business model, Since its publication, it has generated 65 comments over nearly three weeks...