by Bruce | December 18, 2023 | About the Site, Articles, Business Models, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Recruiting
“Cravath To A Million Squillion!” Sorry, but we’ve seen this dance so many times before that, you have to admit, we all know the script by heart. Cravath (or other blue chip firm [insert here]) bumps up associates’ salaries across the board by an average of...
by Bruce | November 16, 2023 | About the Site, Articles, Cultural Considerations, Finance, Leadership, NewLaw, Practice Group Management, Strategy
Irish BIshop George Berkeley (1685–1753) famously asked, “if a tree falls in the forest and no one is present to hear it, would there be a sound?” His notion is neither as cutesy nor as vexed as it might strike you, but a snappy and memorable...
by Bruce | August 7, 2023 | Articles, Finance, Globalization, Leadership, Practice Group Management, Strategy
While you were out–staring at the window for the 39th time wondering how private equity seems to have taken over the world, perchance?–relatively few have noticed, until the odd recent headline here and there, about the seemingly sudden arrival on the...
by Bruce | July 16, 2023 | Articles, Branding, Business Models, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategic Client Management, Strategy
It has been four years since we initially published our series laying out a law firm market segmentation model we called the “Maroons & The Grays,”[1] and four years on is none too soon for an update. No model is, or should be, static, and as we have worked with...
by Bruce | June 20, 2023 | Articles, Branding, Business Models, Client Relationships, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Recruiting, Strategic Client Management, Strategy
Something that feels structurally different seems to have developed in the lateral market. The ambition of this essay is to describe what we think it is, why it has developed, and what it portends for the future of BigLaw. Plus, with any luck, some ideas or at least...
by Bruce | May 23, 2023 | Articles, Business Models, Cultural Considerations, Finance, Leadership, Practice Group Management, Recruiting, Strategic Client Management, Strategy
The first truly evil character to appear in Scripture is of course the Snake in the Garden of Good and Evil. Not a nice guy, not someone you’d want to emulate, not a role model: The Snake of all Snakes at the coulda-been Eternal Garden Party, harbinger of bad...
