by Bruce | February 7, 2008 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
It’s been nearly a decade since McKinsey published the seminal article, The War for Talent, but many of its abiding observations remain true today and indeed are worth revisiting. What they found ten years ago started from the implacable demographic reality that...
by Bruce | December 27, 2007 | Articles, Compensation, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
As many of you know, back in November I was in London for a week. Among other activities—many other activities—I was pleased to be invited to participate in a panel discussion hosted by Guy Beringer of Allen & Overy, who was on the panel,...
by Bruce | December 26, 2007 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
Our text for today, Dear Reader, coming from The American Lawyer, is as follows: "There’s nothing like a fund-raiser at a private school in Manhattan to define your social station. Time was, lawyers were near the top of the heap. Investment bankers...
by Bruce | November 23, 2007 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
There are different ways of being a global firm, and while all may not be, ultimately, equally successful, I believe we’re in a period of experimentation and exploration, unsure as an industry which global model will prove superior—and in the event there...
by Bruce | November 17, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Strategy
As we’ve known since October 19, Reed Smith reached agreement to merge with Richards Butler Hong Kong, nearly a year after completing its merger with Richards Butler (UK) in London. The agreement will add about $60-million in revenue and a little over 110...
by Bruce | November 9, 2007 | Articles, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Strategy
Twenty years and a few months ago (apologies for missing the actual anniversary), the merger of Clifford Turner and Coward Chance was announced, which changed the landscape of our industry forever. Not just in the City of London, but across the globe....