by Bruce | April 20, 2006 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Marketing, Strategy, Technology strategy
In the classic "The Innovator’s Dilemma," Clayton Christensen analyzed how companies at the top of their game, with brilliant and successful products, and focused on their core clients, could be undercut and eventually dethroned by small, pesky...
by Bruce | April 18, 2006 | Articles, Compensation, Cultural Considerations, Knowledge Management, Leadership, Practice Group Management, Strategy, Technology strategy
I’ve written before about the economic implications of living in a "tacit" industry (as opposed to a "transactional" or a "transformational" one—McKinsey’s coinage), but there’s more to say. A brief review of the...
by Bruce | April 14, 2006 | Articles, Cultural Considerations, Finance, Leadership, Technology strategy
I haven’t written about IT lately, but do not infer that I doubt or gainsay its bedrock role in our lives and work; it is as essential as air and sunlight. But since "Adam Smith, Esq." is not a tech-centric site (there are many amply...
by Bruce | April 10, 2006 | Articles, Finance, Globalization, Knowledge Management, Leadership, Partnership Structures, Practice Group Management, Strategy, Technology strategy
"Lawyers and innovation are not words that people automatically put together," is how the FT starts its announcement of the launch of a ranking of the most innovative law firms, and individual lawyers, co-sponsored by the accountancy BDO Stoy Hayward and...
by Bruce | March 31, 2006 | Articles, Cultural Considerations, Finance, Globalization, Knowledge Management, Leadership, Partnership Structures, Strategy, Technology strategy
Legal Week sounds the alarm about the coming of the "procurement professionals" to the selection and hiring of outside counsel, and predicts, based upon their impact in other sectors: at least a 15% reduction in fees; greater objectivity in the selection...
by Bruce | March 25, 2006 | Articles, Cultural Considerations, Knowledge Management, Practice Group Management, Technology strategy
When I wrote about the Baker-Robbins/LegalWorks KM conference, I purposely left out the most impressive application/presentation of them all: Morrison & Foerster’s Oz Benamram discussing "AnswerBase," the firm’s new KM system which will...
