by Bruce | April 20, 2007 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
Nobody likes to be the weatherman when the forecast is for wind-driven freezing rain, and far be it from me to aspire to that dour post. But based on some indicators such as the Hildebrandt/Citigroup Private Bank March 2007 Client Advisory, which reports that...
by Bruce | April 17, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Innovative Managing Partners, Leadership, M&A, Partnership Structures, Profiles of Individuals, Strategy
In 1999, Reed Smith’s 610 lawyers generated $168-million in revenue, from 14 offices in the Northeast and Mid-Atlantic states. At the start of 2007, its 1,500 lawyers are on track to do $900-million in revenue, from 21 offices across the US from California to...
by Bruce | April 16, 2007 | Articles, Innovative Managing Partners, Leadership, Partnership Structures, Strategy
I just learned the results of a survey distributed last month by Edge International asking law firm leaders two fascinating questions: Which law firm Managing Partner/Chair/CEO do you admire most for their leadership? [Outside your own firm.] Why does that individual...
by Bruce | April 10, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Profiles of Individuals, Strategy
If you’ve never run across Arnie Jacobs, a partner at Proskauer in New York, and a "dean of securities law," I hope the stars may align that you will. Early in my career as a lowly associate at Shea & Gould, I had the privilege of working...
by Bruce | March 29, 2007 | Articles, Globalization, Innovative Managing Partners, Leadership, M&A, Partnership Structures, Profiles of Individuals, Strategy
"A freezing rain was falling one March afternoon in Tarrytown, New York, and I was thinking about frogs." Does that sound like the proper introduction for an AmLaw 30 Firm Chair to use for an article with the theme, as he says farther on, that "I expect...
by Bruce | March 27, 2007 | Articles, Compensation, Finance, Partnership Structures
A couple of weeks ago, I asked you whether profits per partner were the proper measure of firm success, borrowing from and building on the thinking of Guy Beringer, a senior partner at Allen & Overy. In that piece I included a poll, and enough results are...