by Bruce | September 1, 2008 | Articles, Cultural Considerations, Finance, Globalization, Innovative Managing Partners, Leadership, Strategy
Time to take stock. This dratted credit crunch has now celebrated, if that’s the word, its first birthday, and there is no clarity about when it may end. What’s a law firm to do? If you believe McKinsey, and if you believe that where investment...
by Bruce | August 29, 2008 | Articles, Finance, Globalization, Practice Group Management, Technology strategy
Apologies for a dearth of columns this week, but I was at ILTA/2008 at the Gaylord Texan outside Dallas. Two comments about the Gaylord, Dallas, and August. First, the Gaylord comes as close as any place I’ve ever been to meriting the word...
by Bruce | August 22, 2008 | Articles, Compensation, Finance, Globalization, Leadership, M&A, Strategy
We have our first comprehensive report on how 2008 is shaping up financially, courtesy of The American Lawyer, and Dan DiPietro of Citi’s Private Bank, and it paints a picture of what are soon going to be, if they aren’t already, vastly diminished...
by Bruce | August 12, 2008 | Articles, Globalization, Strategy, Technology strategy
With the news today that both Clifford Chance and Eversheds are ramping up their outsourcing initiatives in India (covered in The Lawyer and in LegalWeek), it’s timely to report on a panel on outsourcing that I attended last week at the ABA’s annual...
by Bruce | July 22, 2008 | Articles, Finance, Globalization, Innovative Managing Partners, Leadership, M&A, Practice Group Management, Profiles of Individuals, Strategy
I recently had the chance to sit down with Jay Zimmerman, Chairman of Bingham, to discuss the changes he’s seen over his career, and to talk about the future of the legal industry and Bingham. Herewith a synopsis. Jay (Harvard, Harvard Law) started his career in...
by Bruce | July 10, 2008 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Strategy
Richard Turnor, a partner in the Private Client Group at Allen & Overy, has penned for Managing Partner Magazine one of the more thoughtful pieces on the implications of the Legal Services Act in the UK. In particular, he asks the same question...