by Bruce | August 14, 2004 | Articles, Compensation, Finance, Globalization, Leadership, Partnership Structures
Lockstep, modified-lockstep, lockstep with pay for performance, or pure "eat what you kill?" This is an issue which has not, to say the least, achieved equilibrium. "Equilibrium" in economics means something akin to what "climax...
by Bruce | August 9, 2004 | Articles, Cultural Considerations, Finance, Leadership, Partnership Structures
At least according to the Financial Times, in an article about the difficulty of crossing the chasm from senior associate to rain-making partner. In part the difficulty is a familiar one and one we’ve rehearsed before: Lawyers are simply not trained...
by Bruce | August 1, 2004 | Articles, Cultural Considerations, Leadership, Partnership Structures
Heard rumors that a practice group or a specific lateral partner at a competitor is sniffing the wind with thoughts of moving? Does it sound like an opportunity to pick up some expertise or strengthen a franchise? According to Gerald Roche, the uber-recruiter...
by Bruce | July 27, 2004 | Articles, Cultural Considerations, Just Plain Interesting, Leadership, Partnership Structures
After all the Sturm und Drang surrounding implementation of Sarbanes-Oxley, how "reformed" are corporate boards? According to Ira Millstein, not very. How could this be? Chalk up another one to human nature: "My impression is that...
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"...
