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...
by Bruce | April 3, 2004 | Articles, Compensation, Finance, Partnership Structures
Econ. 101 would tell us that a law firm’s demand side is its clientele and its supply side is its partner and associate ranks. Unfortunately, when your supply chain consists of professionally trained human beings, there is no such thing as just-in-time...