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Great Managers Fail

by Bruce | June 16, 2006 | Articles, Cultural Considerations, Leadership, Partnership Structures, Practice Group Management, Strategy

I recur fairly often to the topics of management and leadership, mostly because they’re the hardest game in town.  (And yes, we could have a Talmudic debate about how "management" is and is not "leadership," but since my goal is to...

What the “Efficient Market Theory” Has to Do With Where Your Firm Should Be in Five Years

by Bruce | June 14, 2006 | Articles, Finance, Globalization, Leadership, M&A, Partnership Structures, Practice Group Management, Strategy

Occasionally an article lies so irresistibly at the core intersection of economic theory and the professional interests of the "Adam Smith, Esq." community that,  despite the fact we are not here for a graduate seminar in economics, it simply demands to...

A Pop Quiz for Your CMO

by Bruce | June 11, 2006 | Articles, Cultural Considerations, Leadership, Marketing, Partnership Structures, Practice Group Management

My friend Rich Gary has an enlightening column in the current issue of Law Firm Inc. in which he addresses "Ten Questions CMO’s Must Be Ready to Answer." If all CMO’s came to the table prepared to respond to these as thoughtfully and thoroughly...

How Many Hours Would Elihu Root Bill?

by Bruce | June 11, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy

Although this is really by way of an update to the immediately preceding post, I think it’s worthy of standing on its own because, while it raises essentially the same issue, it approaches it from a sufficiently different perspective that it deserves its own...

“Is This Model Sustainable in the Long Term?”–David Childs

by Bruce | June 8, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Strategy

When both David Childs of Clifford Chance and Tony Angel of Linklaters say something’s a serious problem, I pay attention. The issue du jour (or should that be du decade?) is retaining associates who find the time demands and general stress of large law firm...

Two Conversations in 24 Hours: Can You Say “No?”

by Bruce | June 6, 2006 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy

In the past 24 hours, I’ve spoken with the managing partner/chairs of two AmLaw 50 firms, and I heard something from each that I hear altogether too rarely: They know what their firms are not going to do, or be. The first put it in these terms (I...
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