by Bruce | April 1, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Marketing, Partnership Structures, Strategy
By now a fair amount of blawgosphere ink has already been spilled on Cameron Stracher’s Op-Ed in today’s WSJ, “Cut My Salary, Please!” arguing, essentially, that the recent round of associate pay hikes (from $125,000 to $145,000 for...
by Bruce | March 31, 2006 | Articles, Cultural Considerations, Finance, Globalization, Knowledge Management, Leadership, Partnership Structures, Strategy, Technology strategy
Legal Week sounds the alarm about the coming of the "procurement professionals" to the selection and hiring of outside counsel, and predicts, based upon their impact in other sectors: at least a 15% reduction in fees; greater objectivity in the selection...
by Bruce | March 29, 2006 | About the Site, Articles, Cultural Considerations, Finance, Globalization, Partnership Structures, Strategy
Thursday, April 6, I’ll be participating in Indiana University Law School’s "Globalization Conference," organized by my good friend Prof. William Henderson. From the summary of the symposium: "Much has been written on the process of...
by Bruce | March 19, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management
I doubt I need point out to any of my readers the front-page story in today’s Sunday New York Times’ Business Section (above the fold, even!) headlined, "Up the Down Staircase: Why Do So Few Women Reach the Top of Big Law Firms," but in...
by Bruce | March 17, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Strategy
Two weeks ago I posed the question, "Is there a natural limit to the size of global law firms?," and I invited you all to vote on various possible answers starting with "No; like global accounting firms and banks, they can grow to the sky," through...
by Bruce | March 14, 2006 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Strategy
When it comes to law firm financial performance, there’s a fatalistic school of thought which more or less adopts the following position: "Profitability all depends on matters outside the firm’s immediate control, starting with the basics such...