by Bruce | December 1, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
A few days ago I received this email from a reader, with respect to my "Optimal Partner Compensation" post: "I like your point of view, but with one question: how do you calculate/compare the 30 percent kicker [up or down] at the end of the comp cycle...
by Bruce | November 29, 2005 | Articles, Finance, Leadership, Partnership Structures, Strategy
Can you stand another dose of Peter Drucker? I just about always can, and in The Wall Street Journal’s feature, the legacy of Drucker (in his own words), they feature this gem dating from its pages in 1993: "The Five Deadly Sins of...
by Bruce | November 27, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
In the continuing—and to-be-continued for quite some time, judging by the rate comments are com ing in—discussion about the virtues and vices of firms switching to a two-tier partnership model, here’s one more data point. The results of the...
by Bruce | November 23, 2005 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Strategy
I had an interesting conversation with Prof. Bill Henderson, who recently authored an empirical study of single-tier versus two-tier partnerships in the AmLaw 200. I summarized his presentation in an earlier post. Essentially, Bill’s paper...
by Bruce | November 20, 2005 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Strategy
All of you in two-tier partnership firms: Remember to vote in the survey about why your firm moved to the two-tier model. Results in a week or so, and thanks in advance.
by Bruce | November 17, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
A recent poll/post about the "optimal" partner compensation system produced interesting—and very mixed, a/k/a divided—results, with the option "there’s no such thing" coming in second overall. Off-line, I had a subsequent...