by Bruce | September 28, 2007 | Articles, Finance, Globalization, Leadership, Strategy
The "Global 100" is out, a joint production of The American Lawyer and LegalWeek, which of course are now conjoined under the umbrella of IncisiveMedia. It ranks the largest firms through three filters: Highest gross revenue for the most recently...
by Bruce | September 27, 2007 | Articles, Finance, Globalization, Partnership Structures, Strategy
Profits Per Partner troubles me. As I’ve written before, it has (at least) the following defects: It’s extraordinarily manipulable, with especially toxic consequences for firms whose approach is to hack away at the denominator while taking few or no steps...
by Bruce | September 24, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Marketing, Partnership Structures, Practice Group Management, Strategy
The annual "Adam Smith, Esq." Reader Survey is actively in progress, and I sincerely urge those of you who haven’t taken the two to three minutes it takes to complete it to do so right now. The point of the survey? Two-fold: I want to...
by Bruce | September 23, 2007 | Articles, Cultural Considerations, Finance, Globalization, Leadership, M&A, Strategy
Over at LegalWeek, the big buzz this past week was all about the results of the annual survey they conduct of US firms operating in London which showed that 47% of respondents would consider a UK merger, up from 39% a year ago and just 29% in 2005. The story was also...
by Bruce | September 22, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization
Yesterday I was privileged to be able to speak to students at Harvard Law School in a talk I titled "Law Firm Finances (and Other Realities): Explained." My invitation came from the office of career services, and I accepted with gratitude and...
by Bruce | September 21, 2007 | Articles, Finance, Globalization, Leadership, Strategy
Regular readers will know that I recently became Regional Director of the Managing Partners’ Forum for their first US foray, here in New York. This is how they describe their mission here: "The MPF is the world’s leading association of...