by Bruce | July 16, 2018 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Recruiting, Strategy, Technology strategy
“Failure to attract and retain top talent” was the number-one issue in the Conference Board’s 2016 survey of global CEOs—before economic growth and competitive intensity. In more complex jobs, this will continue to be true as baby boomers (and their long experience)...
by Bruce | December 29, 2017 | Articles, Branding, Business Models, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy, Technology strategy
I’m coming to the conclusion that BigLaw is not one business, but two different businesses. Some firms (a minority) are in one business, but most firms are in another business entirely. Note what I am not saying: I’m not saying some firms have one business model and...
by Bruce | November 12, 2017 | About the Site, Articles, Book Reviews, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Strategy, Technology strategy
Many readers will know that this past spring I published my third book, Tomorrowland: Scenarios for law firms beyond the horizon. With the author’s permission, I reproduce here the Introduction to Tomorrowland. I hope you might find it of interest. The future...
by Bruce | October 11, 2017 | Articles, Business Models, Cultural Considerations, Globalization, Latin America, Leadership, Partnership Structures, Strategy, Technology strategy
The following article is reprinted by kind permission of Thomson Reuters, where it first appeared in their Forum magazine. It was written by Antonio Leal Holguin, Director, Adam Smith, Esq. The Colombian case. Twenty years ago, Colombian lawyers were still artisans....
by Bruce | September 13, 2017 | Articles, Business Models, Finance, Leadership, Practice Group Management, Technology strategy
At the outset of this series, I explicitly said that I am not implying that disputes in the world were declining, just that revenue to law firms from the litigation practice would decline. But it never hurts to ask. So again our good friends at Thomson Reuters said...
by Bruce | May 12, 2017 | Articles, Business Models, Globalization, Leadership, Marketing, Strategy, Technology strategy
One may fervently hope that regular readers have come to expect certain recurring customs here at Adam Smith, Esq., and today we honor that expectation with our usual “Letter from _____,” when we’ve just returned from a significant trip and have some...