by Bruce | February 24, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
It’s a rare privilege to see a candid discussion of a major firm’s strategy in the press, so I urge you to run to this piece in The New York Law Journal, essentially an interview with Rohan Weerasinghe, Shearman & Sterling’s new chairman, about...
by Bruce | February 15, 2006 | About the Site, Articles, Compensation, Finance, Partnership Structures
We pause for a time-out to consider a metaphysical question: Is blogging journalism, and whether or not it is, to what standards of accuracy and precision should it be held? Actually, I have no intention of trying to answer these questions as posed. What I...
by Bruce | February 13, 2006 | Articles, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Strategy, Technology strategy
When you see—or when I see, at any rate—sustained outperformance by a firm over a five-year span, I cannot help but ask myself: "How did they do that?" What follows has a dusting of speculation at the end, but I think it’s a path worth...
by Bruce | February 10, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Partnership Structures
Professor Bainbridge compares an article from The Economist showing a steady increase in Americans’ leisure time over the past 40 years with a story from the Chicago Daily Law Bulletin reporting on how over-worked lawyers are: "The survey showed that how...
by Bruce | January 27, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
David Maister confesses: "I have spent twenty years trying to say all professions look similar and can learn from each other, but I’m finally prepared to concede that lawyers are different – and it has nothing to do with economics." In a piece...
by Bruce | January 27, 2006 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Practice Group Management, Strategy
Questions for your managing partner, executive committee, and executive director: Is your firm as profitable as it could be? How does it measure up vis-a-vis its peer group? And what defines that "peer group," precisely? Do you...
