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...
by Bruce | November 16, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, M&A, Partnership Structures, Strategy
A recent post that received a fair amount of attention (or notoriety, as you prefer) was that recapping a presentation by Prof. William Henderson of Indiana University School of Law/Bloomington about the relative profitability of firms that converted to two-tier...
by Bruce | November 11, 2005 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Strategy
In light of my post earlier this week recapping the extensive empirical evidence on the hazards (or, at least, the not-to-be-assumed, non-automatic, benefits) of shifting to a two-tier partnership model, news that Gibson-Dunn is considering just such a move is...
