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Managing Your Practice Like a Real Business

by Bruce | November 6, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Strategy, Technology strategy

Every once in awhile, you see an individual at a firm make a tremendous difference, and I’ve tried to make it a custom to celebrate the situations when I think I’ve identified such exemplars. Today I offer John Alber of Bryan Cave’s St. Louis office,...

Does “Knowledge” Trump “Position” At Your Firm?

by Bruce | November 3, 2006 | Articles, Cultural Considerations, Leadership, Partnership Structures, Practice Group Management, Strategy

Now that I’ve just written a piece celebrating "quiet" leaders, let’s talk about Andy Grove. To be sure, he’s about as far from "quiet" as you can get, at least on the surface.  But according to a new biography, Andy Grove:...

Are You a Noisy or a Quiet Leader?

by Bruce | November 1, 2006 | Articles, Cultural Considerations, Leadership, Partnership Structures, Practice Group Management, Strategy

Today, let’s contrast the consummate "noisy leader" of recent months—Carly Fiorina, late of Hewlett Packard—with the archetypal "quiet leader" as portrayed by Prof. Joseph Badaracco of Harvard Business School.  The...

20% of Our Group’s Value Is Quitting

by Bruce | October 25, 2006 | Articles, Compensation, Cultural Considerations, Leadership, Partnership Structures, Practice Group Management

I’ve written about "social network analysis" previously, and described some of the initial work in this area by Rob Cross, a faculty member at the McIntire School of Commerce at the University of Virginia. In a nutshell, "social network...

A&O Tackles Associate Retention: With a Vengeance?

by Bruce | October 22, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management

Associate retention/attrition may have always been a chronic problem for the industry, but is it only me or is the situation actually deteriorating? Annual attrition rates of 25% at AmLaw 50 and UK 50 firms are now widely reported, and as I previously noted one...

The Few, The Proud, The Marines

by Bruce | October 17, 2006 | Articles, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy

If your firm is "two-tier" (equity and non-equity partners), would you ever consider going back to single-tier?  Ridiculous, outlandish question—preposterous, beyond the pale, unthinkable? I’m here to remind you that CMS Cameron McKenna, #13...
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