by Bruce | May 6, 2008 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
Thinking of going to a two-tier (equity and non-equity) partnership? Or of increasing the non-equity ranks if (like 80% of the AmLaw 100) you’re already two-tier? I’m here to counsel extreme skepticism. And I’m tempted to be even more...
by Bruce | May 5, 2008 | Articles, Compensation, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Strategy
A loyal reader, partner in an AmLaw 25, writes, under the topic "Could we be developing a ‘bubble’ in law firm PPP:" Bruce: I’d be interested in getting your thoughts on the above question. If you define a market "bubble,"...
by Bruce | April 24, 2008 | Articles, Finance, Practice Group Management, Strategy
Recently I had the chance to sit down for a chat with a "lawyer’s lawyer" in that his practice revolves around matters such as partnership agreements (their drafting and interpretation), fee disputes and malpractice litigation, and professional ethics...
by Bruce | April 16, 2008 | Articles, Finance, Leadership, Practice Group Management, Strategy
In this economic environment of little visibility going forward and indeed little transparency into the health of the transactional practices at the moment, you may find yourself struggling to meet partners’ expectations for a continuation of the double-digit...
by Bruce | April 12, 2008 | Articles, Cultural Considerations, Leadership, Practice Group Management
First comes an FT story on clients demanding more "diversity" in City firms, then a followup letter attributing high female turnover to late night hours, next a WSJ Law Blog piece on how to keep female talent on the partnership track (featuring insights from...
by Bruce | April 10, 2008 | Articles, Cultural Considerations, Knowledge Management, Practice Group Management, Technology strategy
Here at "Adam Smith, Esq." I’ve written about Knowledge Management a fair amount, since it’s my belief that knowledge is what law firms sell. But despite the (I believe) inarguable centrality of KM to what we do, there are three enormous problems...
