by Bruce | October 24, 2017 | Articles, Business Models, Client Relationships, Finance, Leadership, Practice Group Management, Strategy
Over the past year or two, we’ve been working with what struck us as a high number of litigation boutiques, and we decided to pause and gather our thoughts for, we can always hope, the benefit of a wider audience. Semantics first: By “litigation boutique,” if it’s...
by Bruce | October 21, 2017 | About the Site, Articles, Finance, Practice Group Management, Recruiting
Learn how using data can improve your outcomes. Whether you are bringing on laterals, generating business, or even contemplating a combination – do you have the information you need to make better decisions and better position your firm? Adam Smith, Esq. and Leopard...
by Bruce | September 13, 2017 | Articles, Business Models, Finance, Leadership, Practice Group Management, Technology strategy
At the outset of this series, I explicitly said that I am not implying that disputes in the world were declining, just that revenue to law firms from the litigation practice would decline. But it never hurts to ask. So again our good friends at Thomson Reuters said...
by Bruce | August 24, 2017 | Articles, Branding, Business Models, Finance, Leadership, Practice Group Management, Strategy
We haven’t talked yet about realization. Shall we? The first time I saw this chart, it hit me between the eyes; your reaction may be similar. In a nutshell: Even if litigation “demand” is more or less steady, what about revenue to law firms from that demand? In...
by Bruce | August 18, 2017 | Articles, Business Models, Practice Group Management
I’ve been thinking a lot lately about litigation. It’s been one of the two major locomotives driving revenue and profit for BigLaw for the past 50 years or so–the other being transactional or corporate work–and has customarily provided 25–60%...
by Bruce | August 1, 2017 | Articles, Finance, Practice Group Management, Question of the Month
Steven Brill’s audacious decision to publish AmLaw profits per partner figures starting over three decades ago was without question the single most brilliant journalistic stroke Law Land trade media has ever experienced, creating an enduring franchise to this day....