by Bruce | August 3, 2006 | Articles, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Practice Group Management, Strategy
Although the jury may still well and truly be out on whether the consolidation wave among AmLaw firms: (a) is just getting started; (b) has already crested; (c) is the smartest thing firms could possibly do in our increasingly globalized and client-centric world; (d)...
by Bruce | August 1, 2006 | Articles, Compensation, Cultural Considerations, Leadership, Partnership Structures, Practice Group Management
My friend Rich Gary has a valuable piece on Law Firm, Inc. about "managing the unmanageable"—managing lawyers, in other words. Rich’s piece, in turn, builds on David Maister’s famous (to my mind, anyway) April essay in The...
by Bruce | July 27, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
My friend Prof. William Henderson of Indiana University Law School/Bloomington has diligently worked on an analysis of the profits-per-partner of single-tier vs. two-tier law firms, which was just published in the North Carolina Law Review (Indiana Legal Studies...
by Bruce | July 26, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
Legal Week argues that "ensuring the best individuals make it up the partnership ladder has never been harder." They (properly) cite the landmark McKinsey study of nearly ten years ago, The War for Talent, which surveyed 6,000 executives from the "top...
by Bruce | July 20, 2006 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Technology strategy
Rarely do the stars align to find David Maister, Richard Susskind, and Kieran Flatt (Legal IT) all writing about the same thing at the same time, but when it so happens the opportunity to try to synthesize their thinking is too rich to pass up. The common topic du...
by Bruce | July 12, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
Does your firm seem to have one strategy in theory and another in practice? That is to say, does your intended strategy differ from the strategy that actually emerges based on people’s behavior? If so, you may not be alone. Indeed, Harvard...
