by Bruce | January 8, 2006 | About the Site, Adam Smith Himself, Articles, Compensation, Cultural Considerations, Finance, Globalization, Just Plain Interesting, Knowledge Management, Leadership, M&A, Partnership Structures, Strategy, Technology strategy
"Adam Smith, Esq." is honored and delighted to host Blawg Review #39; I consider myself in excellent company given the distinguished and talented people who have hosted Blawg Review in the past. This week we celebrate: Epiphany: n. ...
by Bruce | January 7, 2006 | Articles, Compensation, Finance, Globalization, Leadership, M&A, Marketing, Partnership Structures, Strategy
Legal Times is asking, "What Five Questions Will Law Firms Face in 2006?" I’d like to suggest there’s really only one question, and these "five" are each just facets of the same phenomenon. Their five: More merger mania? Soaring...
by Bruce | December 30, 2005 | Articles, Cultural Considerations, Finance, Globalization, Leadership, M&A, Strategy
Is the merger wave going as strong in the UK as it is here? And if so, should we blame it on the Yanks? In a new survey of 85 of the 125 largest firms in the UK, four out of five of the managing partners or executive directors responding reported that they had...
by Bruce | December 30, 2005 | Articles, Cultural Considerations, Finance, Leadership, M&A, Strategy
At the intersection of strategic decision-making and human shortcoming is behavioral economics, which teaches that a host of biases, such as overoptimism about the likelihood of success, the "principal-agent problem," and undue loss aversion, combine to form...
by Bruce | December 15, 2005 | Articles, Finance, Globalization, Leadership, M&A, Strategy
A perennial subject for speculation is whether or how the consolidation trend among BigLaw will end. A primary—and by sheer headcount perhaps the prevalent—point of view is that the industrial structure of BigLaw is moving towards a bimodal...
by Bruce | November 16, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, M&A, Partnership Structures, Strategy
A recent post that received a fair amount of attention (or notoriety, as you prefer) was that recapping a presentation by Prof. William Henderson of Indiana University School of Law/Bloomington about the relative profitability of firms that converted to two-tier...
