by Bruce | July 19, 2013 | Articles, Cultural Considerations, Leadership, Practice Group Management, Strategy
Here’s Scenario 1: You’re in an executive committee or practice group or departmental meeting at your firm, and the question arises for discussion why one or a handful of your partners are engaging in activities which, from the firm’s overall...
by Bruce | June 25, 2013 | Articles, Compensation, Leadership, Practice Group Management, Strategy
Adam Smith, Esq. isn’t in the business of covering—or typically even commenting on—late-breaking news, but there’s news and then there’s news. And the Weil layoffs were reported above the fold on the front page of today’s Wall Street Journal...
by Bruce | June 13, 2013 | Articles, Business Models, Leadership, Partnership Structures, Practice Group Management, Strategy
Boutiques are next up in our law firm taxonomy, and first a word about what I mean when I say “Boutiques,” because I may be using it a bit differently than you might assume in common parlance. In my nomenclature for purposes of this taxonomy, boutiques are...
by Bruce | June 7, 2013 | Articles, Compensation, Leadership, Partnership Structures, Practice Group Management
Herewith our next in the series by Richard Rapp on partner compensation. As always, your thoughts, observations, and comments are most welcome. If you want to email Richard directly, please do so—Bruce Economists are interested in “externalities”...
by Bruce | May 28, 2013 | Articles, Compensation, Leadership, Practice Group Management
Following is the next in Richard Rapp’s series of articles on compensation. – Bruce Economists and evolutionary biologists share an interest in a model of incentives known as “the prisoner’s dilemma.” It is a game for two...
by Bruce | May 21, 2013 | Articles, Branding, Business Models, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Strategy
We humans like to put things in categories. And while we can get it plain wrong, or mix up two categories benignly or malignly, there’s no question our propensity for categorization—from friend or foe and food to poison, to Linnaeus, to the periodic table, to...
