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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...

Direction, Interaction, Renewal: The Ingredients of Teamwork

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,...

Big Firm Blues

by Bruce | October 4, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy

The American Lawyer’s annual associate (dis)satisfaction survey is now echoed across the pond, as Allen & Overy reveals its associate ranks suffered a 25% attrition rate last year and, in response, it’s accelerating its exploration of an alternative...
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