by Bruce | July 31, 2005 | Articles, Compensation, Finance, Leadership, Partnership Structures, Strategy
The AmLaw 200 (technically, the AmLaw 101—200) is now out and the most important generalization to be offered is that this group is not susceptible to generalizations. On a macro level, the news is good for these firms: Revenue was up year-over-year by 7%,...
by Bruce | July 28, 2005 | Articles, Leadership, Marketing, Partnership Structures, Strategy
Yesterday Gerry Riskin, of Edge International, invited me to lunch at The Cornell Club while he was passing through town. Suffice to say that if you have a chance to meet Gerry (I had not, previously), and if you’ve ever given a lick of thought to law firm...
by Bruce | July 28, 2005 | Articles, Finance, Marketing, Partnership Structures, Strategy
Among the AmLaw 200, mergers are in the air. Like it or not, this seems to be the reality we are facing: Consolidation. I’ve addressed the "fact" of this trend before (I think it’s safe to say at this point that it’s a...
by Bruce | July 24, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
Why are law firms partnerships? After all, across the rest of the economy, corporations are more than dominant; they own the landscape. Ever seen a trucking company, a retail chain, or even your friendly local locksmith shop organized as a partnership? ...
by Bruce | July 20, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Strategy
"Equilibrium" is a term that has special meaning in economics, although its definition can seem somewhat tautological: It’s the state of affairs where there is no impetus or force for change. The textbook example is where the price in a...
by Bruce | July 15, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
Aren’t you relieved that you don’t have wolfpacks of Wall Street analysts and the multimedia, 24/7 business press breathing down your neck to deliver "the numbers" every quarter? Isn’t it great living in private-firm land and having...
