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More Equity Partner Cuts to Come?

by Bruce | November 14, 2013 | Articles, Compensation, Finance, Leadership, Partnership Structures, Strategy

The always intrepid Lee Pacchia of Bloomberg Law invited me to come by and talk about the quarterly reports on the State of BigLaw just released by Citi Private Bank and Wells Fargo’s law group. We also got off on the topic of whether lawyers can really be...

A Conversation With Ted Burke

by Bruce | November 13, 2013 | Articles, Business Models, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy

The other week I had the chance to sit down with Ted Burke, outgoing chief executive and global managing partner of Freshfields. I’ve known Ted for years, consider him a friend, and with the announcement a month or so ago that he would be stepping down at...

Checked your demographics lately?

by Bruce | August 30, 2013 | Articles, Business Models, Finance, Leadership, Partnership Structures, Practice Group Management, Recruiting

Sometimes large changes break across the landscape like summer afternoon thunderstorms, seemingly coming from nowhere and definitely getting everyone’s attention: And sometimes they steadily and stealthily accumulate over time, perhaps without anyone ever...

Diplomacy and the Partner Pay Conversation

by Bruce | July 8, 2013 | Articles, Compensation, Cultural Considerations, Leadership, Partnership Structures, Profiles of Individuals

Herewith the next installment in our series of articles on the always charged issue of compensation, from Richard Rapp. Enjoy! Bruce   Like the heads of most law firms, I had no training in management when I became president of a professional service partnership...

Boutiques

by Bruce | June 13, 2013 | Articles, Business Models, Leadership, Partnership Structures, Practice Group Management, Strategy

Boutiques are next up in our law firm taxonomy, and first a word about what I mean when I say “Boutiques,” because I may be using it a bit differently than you might assume in common parlance. In my nomenclature for purposes of this taxonomy, boutiques are...

Externalities and Partner Pay

by Bruce | June 7, 2013 | Articles, Compensation, Leadership, Partnership Structures, Practice Group Management

Herewith our next in the series by Richard Rapp on partner compensation. As always, your thoughts, observations, and comments are most welcome. If you want to email Richard directly, please do so—Bruce   Economists are interested in “externalities”...
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