by Bruce | December 28, 2005 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Strategy, Technology strategy
Forgive me for an extensive quote, but it sets the stage for all that’s to follow here. From the redoubtable McKinsey: "In today’s developed economies, the significant nuances in employment concern interactions: the searching, monitoring, and...
by Bruce | December 23, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
I have posited before that the traditional one-size-fits-all associate-to-partner model is coming under increasing stress. Evidently Allen & Overy agrees. After suffering 25% attrition in its associate ranks last year, they have announced after a lengthy...
by Bruce | December 15, 2005 | Articles, Finance, Globalization, Leadership, M&A, Strategy
A perennial subject for speculation is whether or how the consolidation trend among BigLaw will end. A primary—and by sheer headcount perhaps the prevalent—point of view is that the industrial structure of BigLaw is moving towards a bimodal...
by Bruce | December 8, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
Of all the "evergreen" topics we keep coming back to here at "Adam Smith, Esq." one of the ever-greenest (no pun…) is the eternal disequilibrium between lockstep and eat-what-you-kill partner compensation models. Most recently, I...
by Bruce | December 6, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
No sooner had we surveyed the prospects for a talent war for associates among the AmLaw 200 than along comes the Financial Times reporting on the release in the UK of PwC’s annual survey of law firm finances. (I’ve requested a full copy by email to...
by Bruce | December 2, 2005 | Articles, Compensation, Finance, Globalization, Leadership, Partnership Structures, Strategy, Technology strategy
The American Lawyer is out with their annual survey of the AmLaw 200 managing partners (147 responded this year—summary Q&A results here), and while the news is almost overwhelmingly good (at least if you’re a partner in the AmLaw 200, and not a client...
