by Bruce | May 11, 2018 | Articles, Compensation, Cultural Considerations, Practice Group Management, Question of the Month
Take it away, readers! The most effective way to get lawyers to collaborate is: With direct incentives through compensation, e.g., multiple credits for importing/exporting business across offices and/or practices. (34%, 44 Votes) Through training, professional...
by Bruce | May 7, 2018 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Recruiting, Strategy
Last week Jim Stewart of The New York Times published $11 Million a Year for a Law Partner? Bidding War Grows at Top-Tier Firms which was pegged to the news that Sandra Goldstein had left Cravath for Kirkland, and a reported compensation package of $11-million/year...
by Bruce | March 26, 2018 | Articles, Cultural Considerations, Practice Group Management
My favorite law in the whole world is the Law of Unintended Consequences. I suspect I’m so fond of it because it’s intrinsically perverse, it smotes the smartest people (maybe especially the smartest people), it’s of universal applicability, and it shouldn’t be that...
by Bruce | March 6, 2018 | Articles, Finance, Partnership Structures, Practice Group Management, Recruiting
Our good friends at Leopard Solutions have just come out with their annual recap of the law firm competitive landscape. If you don’t know Leopard, they have one of the most rigorously researched and scrupulously maintained databases there is to be had on a rich...
by Bruce | March 1, 2018 | Articles, Leadership, Practice Group Management, Strategy
This piece is by Janet Stanton, Partner, Adam Smith, Esq. Shortly after the New Year, a powerful winter storm marched up the East Coast. While certainly a very serious storm, Grayson, as it was named, was far from the worst or most damaging. New York got about 10”...
by Bruce | February 10, 2018 | Articles, Compensation, Cultural Considerations, Finance, Practice Group Management, Question of the Month
You know what to do! Please use the comments box at the bottom for any additional thoughts or observations. The most accurate way to characterize origination credit is: A necessary and proper economic incentive for business development A just and fair recognition...
