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What the “Efficient Market Theory” Has to Do With Where Your Firm Should Be in Five Years

by Bruce | June 14, 2006 | Articles, Finance, Globalization, Leadership, M&A, Partnership Structures, Practice Group Management, Strategy

Occasionally an article lies so irresistibly at the core intersection of economic theory and the professional interests of the "Adam Smith, Esq." community that,  despite the fact we are not here for a graduate seminar in economics, it simply demands to...

Thirty Years of Legal Recruiting

by Bruce | June 2, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, M&A, Partnership Structures, Practice Group Management

Early last week I interviewed Eric Sivin, a founder and principal of Sivin Tobin Associates, a legal search and recruiting firm based here in New York.  (And yes, that is their ad that has been running in the right-hand column of my site for a couple of months...

“The Globalization of the Legal Profession” At Indiana U. Law

by Bruce | April 7, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, M&A, Strategy

Globalization of the Legal Profession Indiana University School of Law/Bloomington Thursday, April 6, 2006: 8:30am—5:00 pm As noted, I attended this conference this past week, and I wanted to summarize a few of the highlights of the presentations. Chris McKenna...

Reed Smith & Richards Butler: Globalization Proceeds Apace

by Bruce | April 5, 2006 | Articles, Finance, Globalization, Leadership, M&A, Strategy

Although the US press doesn’t seem to have picked up on it yet, Reed Smith is merging with London’s Richards Butler to create a 1300-lawyer firm with annual revenue projected to be $725-million.  Richards Butler is a 75-year-old, top-30 City of London...

Is There a Size Limit to Global Firms? The People Have Spoken

by Bruce | March 17, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Strategy

Two weeks ago I posed the question, "Is there a natural limit to the size of global law firms?," and I invited you all to vote on various possible answers starting with "No; like global accounting firms and banks, they can grow to the sky," through...

Is Skadden’s Revenue Closer to $1.5-Billion or to $7.5-Billion?

by Bruce | March 6, 2006 | Articles, Cultural Considerations, Finance, Globalization, Leadership, M&A, Strategy

It’s official, according to The Lawyer:  For Skadden and six other firms, 2005 was indeed, as Skadden’s New York-based M&A partner Tom Kennedy put it, "a very good year."  For the first time ever, seven US firms topped $1.0-billion...
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