by Bruce | May 11, 2006 | Articles, Compensation, Cultural Considerations, Globalization, Leadership, Partnership Structures, Practice Group Management
Across the pond, anti-age discrimination regulations are going to go into effect in October, and firms are already bracing for their impact. This is what they require, in a nutshell: "The Regulations apply to employment and vocational training. They...
by Bruce | May 4, 2006 | Articles, Finance, Partnership Structures, Strategy
A great deal of interest has been expressed in seeing a chart I created earlier but unfortunately at low resolution to enable it to fit in a browser window. The bar chart I’m referring to shows, for each and every firm, the extent to which its share of...
by Bruce | April 29, 2006 | Articles, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Strategy
Today we have the AmLaw 100 ranked by Revenue per Lawyer, one of my favorite metrics. Why one of my favorites? First of all, it provides insight into the extent to which a firm actually achieves the Holy Grail sought by all—to do a larger proportion...
by Bruce | April 21, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management
"An associate at a major, national firm" wrote recently with this lament: "Lately, I really have been plagued by how law firms are managed: I see the inefficiencies and how employees are treated (both at my firm and at other firms), and I...
by Bruce | April 13, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
The Irish Bishop George Berkeley (1561—1626) famously asked, " “If a tree falls in the forest and no one hears it, does it make a sound?” As a metaphysical question having to do with fundamental questions of epistemology, it remains...
by Bruce | April 12, 2006 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Practice Group Management, Strategy
Our last poll, asking "Are Associate Salaries Justified," drew just over 300 votes, and here are the results: Since it’s almost illegible at this resolution, here’s a recap of the breakdown: 36%, the plurality by far, representing the...