Tell Us What You’re Going to Do

When the latest edition of Corporate Counsel magazine landed in my mailbox last week, I had the perverse impulse to tear out and focus on the major law firm ads to see if there were any common threads. Unfortunately, there were. One was the pervasiveness of two...

“I Understood Everything Except ‘Debt’ and ‘Equity'”

Everyone has had the, "If only I knew then what I know now…" thought, so here’s an article I commend highly to any junior associates who may be out there in the audience. What do senior partners want from you? ask questions; don’t assume...

It’s Post-9/11: Where’s Your Business Continuity Plan?

Disaster management and crisis recovery are ugly topics, but in the post-9/11 world, not-dealing with them is not an option.  [Full disclosure, as they say in journalism circles, before they typically disclose something utterly trivial and profoundly beside the...

Partnership Compensation: “Disequilibrium” Rules

Lockstep, modified-lockstep, lockstep with pay for performance, or pure "eat what you kill?" This is an issue which has not, to say the least, achieved equilibrium.  "Equilibrium" in economics means something akin to what "climax...

Blindingly Obvious (To Those Who Would See)

Reed Smith is launching what is, so far as I know, the first of its kind collaborative partnership with the Wharton School of Business at the University of Pennsylvania.  Called "Reed Smith University" (RSU), the program is a customized "executive...

“The Law Breeds Immature Business People”

At least according to the Financial Times, in an article about the difficulty of crossing the chasm from senior associate to rain-making partner.  In part the difficulty is a familiar one and one we’ve rehearsed before:  Lawyers are simply not trained...
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