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Switch to Two-Tier & Boost PPP! (Not So Fast)

by Bruce | November 7, 2005 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Strategy

Last Friday I attended a presentation at Jones-Day’s Washington, DC office, hosted in their top-floor conference room with a picture-postcard view of the Capitol dome.  (I’m not kidding about the postcard view; CBS News has built a broadcast booth on...

All Things Considered, The Optimal Partner Compensation System Is…

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...

Mergers: Finances Before Culture or Vice-Versa?

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...

Business Intelligence–Used Intelligently

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...

London in Five Days

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...

Clementi Reforms Progress

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...
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