by Bruce | November 8, 2004 | Articles, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Strategy
"The Industrialization of the Law Firm" is the ambitious, but fair, title of a piece by A. Harrison Barnes, Esq., founder of BCG Search. His conclusion?: "Today’s law firm environment is, in a sense, now being controlled by Adam...
by Bruce | October 3, 2004 | Articles, Cultural Considerations, Finance, Partnership Structures
The American Lawyer’s annual associates satisfaction survey is here (full version) and here (summary ranking), and I’ll have some deeper analysis coming up. But for now, my initial reaction as an armchair statistician and amateur student of market...
by Bruce | September 12, 2004 | Articles, Compensation, Cultural Considerations, Leadership, Partnership Structures
Getting partner compensation "right" is an issue I have, and will continue to, recur to. Why? Essentially because I believe that the two extreme models (the strict lockstep and the strict "eat what you kill") each works in only the...
by Bruce | September 2, 2004 | Articles, Cultural Considerations, Leadership, Partnership Structures, Strategy
One of the themes I recur to here is the indispensable role of leadership, and the ineffability of what makes a great leader. Occasionally a leader will simply "emerge" as the breathtakingly obvious choice, a sort of leader by acclamation (although...
by Bruce | August 23, 2004 | Articles, Cultural Considerations, Globalization, Leadership, Partnership Structures
Although this Hildebrandt article dates back to 2000, its premise that law firms of the future will migrate to the model of having full-fledged CEO’s as business leaders strikes me as visionary then and almost palpably the direction in which the world is headed...
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...
