by Bruce | November 2, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
And the winner is…"Modified Lockstep," closely followed by my own perverse favorite "there’s no such thing." Specifically, "lockstep with super-points" drew the most votes and "lockstep with geographic [or] practice...
by Bruce | November 1, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Strategy
It comes as news to no one that mergers have recently been changing the legal landscape. Tony Williams and I share the view that we are witnessing the transformation of the industry’s fundamental structure, into a form that may endure for decades going...
by Bruce | October 30, 2005 | Articles, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
"Business intelligence" is the unfortunate (because misleading) term of art for profitability analysis using sophisticated software. The phrase "business intelligence" is too readily confused with "competitive intelligence," which...
by Bruce | October 27, 2005 | About the Site, Articles, Cultural Considerations, Globalization, Leadership, Partnership Structures, Strategy
More on my London journey: The raison d’être of the trip, as mentioned, was to meet the other partners of Edge International: That meeting was this past Saturday and Sunday at the Naval & Military Club hard on St. James’ Square in...
by Bruce | October 17, 2005 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
The Clementi Commission reforms appear closer than ever to reality, and their implementation could be as early as next year. For those of you who are only recent visitors to "Adam Smith, Esq.," the UK’s Clementi reforms will, in an utterly...
by Bruce | October 14, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
Does your firm enjoy effective teamwork at the top? Is the Executive Committee [insert other supreme governing body here] a "high-functioning" group, that is, does it: embody a common set of goals and values?; interact well—productively,...