by Bruce | May 28, 2008 | Articles, Compensation, Finance, Globalization, Innovative Managing Partners, Leadership, Strategy
Does your firm have a "Chief Strategy Officer?" Thinking about it? Tried it and didn’t like it? Well, apropos the news a couple of weeks ago that Cravath has a first ever director of strategic planning, we thought it would be timely to review...
by Bruce | May 22, 2008 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Strategy
Eversheds is often up to interesting things. One of the most attention-getting, which was just renewed for another year, was Tyco’s decision to entrust work it had previously distributed among 250 law firms exclusively to Eversheds. Here’s the deal in a...
by Bruce | May 16, 2008 | Articles, Cultural Considerations, Globalization, Leadership, Practice Group Management, Strategy
Do these descriptions fit your firm, or sound credible to you? "Managing talent in global organization is more complex and demanding than it is in a national business." "The movement of employees between countries is still surprisingly limited."...
by Bruce | May 13, 2008 | Articles, Finance, Globalization, Leadership, Strategy
The Lawyer came out this morning with its first-ever Transatlantic Elite, profiling the leading firms on both sides of the pond. I’m not aware of a comparable journalistic project, or of one that matches its ambition. What it’s not, first of...
by Bruce | May 12, 2008 | Articles, Finance, Globalization, Leadership, Marketing, Strategy
According to a McKinsey study, in the corporate world, for every five attempts to enter a new market, four fail and only one succeeds. And this isn’t limited to startups or novice businesses; it includes very sophisticated firms. For example? Anheuser-Busch...
by Bruce | May 5, 2008 | Articles, Compensation, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Strategy
A loyal reader, partner in an AmLaw 25, writes, under the topic "Could we be developing a ‘bubble’ in law firm PPP:" Bruce: I’d be interested in getting your thoughts on the above question. If you define a market "bubble,"...