by Bruce | April 14, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
Reader response to "It May Be More Than a Pond" has been very gratifying, with some genuine insights into the perplexing, and growing, difference in profitability between US- and UK-based firms. Put together, we may be approaching a viable theory of...
by Bruce | April 13, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Marketing, Partnership Structures, Practice Group Management, Strategy
Thanks to Susan Raridon Lambreth of Hildebrandt International, guru of Practice Group Management, I was able to serve as blogger-in-residence at this conference held here in New York over the last two days. I’m happy to be able to report that the attendees...
by Bruce | April 9, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
Sometimes it’s not the worst thing to confess bafflement—OK, perhaps "bafflement," which implies total cluelessness, is too strong, but I will at least cop a plea to not being confident how to truly explain something. That something is, as...
by Bruce | March 23, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Practice Group Management, Strategy
"From pace-setter to basket case in the United States?" Shall we all guess what firm got stuck with that donkey-tail over at law.com? Alas, of course, it was Clifford-Chance. The questions du jour are (1) what went wrong? (not so we can...
by Bruce | March 19, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Partnership Structures, Strategy
I have often written on the tension between lockstep compensation and eat-what-you-kill, and I’m coming to the view that a nuanced, subjective, and openly ad hoc approach is probably the best, all things considered. Each of the polar end-points on that...
by Bruce | March 17, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
Lockstep vs. eat-what-you-kill: Joined at the hip? Legal Week argues, using the apparently unending saga at Clifford-Chance as a journalistic "hook," that the boundary zone between the two models is wide and flexible, not narrow and bright. Now at one...
