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Shearman & Sterling’s IPO

by Bruce | May 19, 2005 | Articles, Cultural Considerations, Finance, Globalization, M&A, Strategy

Across the pond, we’re about to see an actual experiment that heretofore could only have been a thought experiment:  Thanks to the "Clementi Commission," non-lawyer third parties will now be able to invest in law firms—most dramatically, law...

“Savvy Blawgers” Query #3: Future Legal Industry Structure

by Bruce | May 17, 2005 | Articles, Cultural Considerations, Finance, Globalization, Leadership, M&A, Strategy

"Savvy Blawger" Query #3 is now out for the assembled to mull over with, of course, their cogent responses reported back to you a few weeks hence.  The question for this go-round is: “What will the industry structure of the (US-based) legal...

Canary in the Coal Mine

by Bruce | May 11, 2005 | Articles, Finance, Globalization, Leadership, M&A, Strategy

Sometimes, in the famous phrase, "a cigar is just a cigar," but other times I think you can read the tea leaves to suss out evidence of larger trends. Such, in any event, was my reaction to this seemingly low-visibility story that a three-member "tax...

What Makes You Think You’re Exceptional?

by Bruce | March 29, 2005 | Articles, Cultural Considerations, Globalization, Leadership, M&A, Strategy, Technology strategy

It’s not your imagination:   Mega-mergers in corporate-land are on the upswing.  According to The Wall Street Journal, the last five months have seen more than a dozen deals valued at more than $10-billion. And the result is that "investors...

The Long-Running Soap Opera Must End

by Bruce | March 23, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Practice Group Management, Strategy

"From pace-setter to basket case in the United States?"  Shall we all guess what firm got stuck with that donkey-tail over at law.com?  Alas, of course, it was Clifford-Chance.  The questions du jour are (1) what went wrong? (not so we can...

Twilight of the Boutiques?

by Bruce | March 16, 2005 | Articles, Finance, Globalization, Leadership, M&A, Partnership Structures, Strategy

Despite the stupefying fact that The Wall Street Journal reported late last year that 45% of Americans believe "literally" in the Biblical story of Creation, whereas only 31% subscribe to the theory of evolution (have you thanked a teacher today?), Darwinian...
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