by Bruce | June 22, 2004 | Articles, Partnership Structures
What are the odds this will be a trend? Manatt-Phelps (#131 on the AmLaw 200) just changed from a traditional law firm governance model to a corporate-type model, complete with a Board of Directors and a Chief Operating Officer. The directors serve...
by Bruce | May 28, 2004 | Articles, Cultural Considerations, Leadership, Partnership Structures
A recurrent theme in the managerial literature surrounds the pitfalls and difficulties encountered when a line manager moves up to a "CXO" level position and must simultaneously shed the comfortable involvement with the day-to-day "transactional"...
by Bruce | May 6, 2004 | Articles, Compensation, Cultural Considerations, Partnership Structures
The Wall Street Journal front-paged a story today about the barriers women face in attempting to return to the workforce after having taken time off to be with their kids. Horror stories abound: A woman who last was a prosecutor with the Manhattan DA’s...
by Bruce | April 27, 2004 | Articles, Finance, Partnership Structures
Profits per partner? Would that be equity-only or equity and non-equity? How about revenue per lawyer? And have you accounted for recourse and non-recourse debt? Don’t New York billing rates skew the numbers? And, most important, is the...
by Bruce | April 14, 2004 | Articles, Finance, Partnership Structures
A new study by two professors at the University of Washington forces one to conclude that the short-term fixation on quarterly earnings among CEO’s and CFO’s of public companies is perhaps worse than imagined. They interviewed 400+ such people and...
by Bruce | April 7, 2004 | Articles, Cultural Considerations, Leadership, Partnership Structures
Monica Bay, the incomparable editor of my favorite new publication, Law Firm Inc., leads off this month with a call for firms to start identifying their senior business-side managers (Executive Directors, COO’s, et al.) on the firms’ websites. One...