by Bruce | May 8, 2011 | Articles, Cultural Considerations, Leadership, Partnership Structures
Normally I don’t refer to events stemming from my own experience in commenting on our industry-indeed, this is something of a first in the 8-year history of Adam Smith, Esq.-but what I want to talk about today is not self-referential and not even, really, about...
by Bruce | May 1, 2011 | Articles, Leadership, Partnership Structures, Strategy
A loyal and exceptionally thoughtful reader, and reasonably regular correspondent (also with a strong academic background in economics), writes: Bruce: I enjoyed your 9 February think piece. I would be interested in your views as to why law firms seem to be...
by Bruce | February 18, 2011 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Practice Group Management, Strategy
A-ha! That, at least, was my reaction when reading the research report published this week in The Lawyer. Here are the top-line results, and then I’ll give you my reaction: The Lawyer hired a research firm called Motive to analyze lateral...
by Bruce | February 9, 2011 | Articles, Compensation, Cultural Considerations, Partnership Structures, Strategy
I suppose that when it’s in The Wall Street Journal, it’s true. Well, it’s certainly true that attention must be paid. Which brings us to “Pay Gap Widens at Big Law Firms as Partners Chase Star Attorneys,” from the front page of...
by Bruce | January 27, 2011 | Articles, Business Models, Finance, Innovative Managing Partners, Partnership Structures, Strategy
A few days ago I had a chance to catch up with my friend Alex Hamilton, now at radiant.law. (I knew Alex in his previous position as a Latham partner and wrote about his efforts behind Latham’s online “Capture” tool for clients.) I...
by Bruce | January 21, 2011 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
“With all respect, I think that’s the wrong question. There’s always new stuff out there, and most of it’s not very good. Rather than looking for the next musing, it’s probably better to be thorough about what we know is true and make...