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Strategy Formulation “In an Unknowable Universe”

by Bruce | June 21, 2006 | Articles, Cultural Considerations, Finance, Globalization, Leadership, M&A, Practice Group Management, Strategy

Eric Beinhocker, a fellow at the McKinsey Global Institute (a "think tank," in the oddly quaint but apt phrase), is out with what may be one of the most provocative books on economics in several years—though admittedly I haven’t even seen a copy...

Making Decisions like an Associate? Or like a Firm Chair?

by Bruce | June 20, 2006 | Articles, Cultural Considerations, Leadership, Partnership Structures, Practice Group Management

You know that your approach to decision-making—your decision-making "style," if you will—needs to change as you progress from associate to junior partner to (perhaps) practice group leader to member of the executive committee.  But precisely...

How Can You Know What’s Next?

by Bruce | June 19, 2006 | Articles, Cultural Considerations, Leadership, Practice Group Management, Strategy

Anticipating change, for example change in the landscape of what practice areas are hot, can seem a fool’s errand, but I’d like to suggest that it’s not.  We all know that "chance favors the prepared mind," and I’d like to try to...

Great Managers Fail

by Bruce | June 16, 2006 | Articles, Cultural Considerations, Leadership, Partnership Structures, Practice Group Management, Strategy

I recur fairly often to the topics of management and leadership, mostly because they’re the hardest game in town.  (And yes, we could have a Talmudic debate about how "management" is and is not "leadership," but since my goal is to...

What the “Efficient Market Theory” Has to Do With Where Your Firm Should Be in Five Years

by Bruce | June 14, 2006 | Articles, Finance, Globalization, Leadership, M&A, Partnership Structures, Practice Group Management, Strategy

Occasionally an article lies so irresistibly at the core intersection of economic theory and the professional interests of the "Adam Smith, Esq." community that,  despite the fact we are not here for a graduate seminar in economics, it simply demands to...

A Pop Quiz for Your CMO

by Bruce | June 11, 2006 | Articles, Cultural Considerations, Leadership, Marketing, Partnership Structures, Practice Group Management

My friend Rich Gary has an enlightening column in the current issue of Law Firm Inc. in which he addresses "Ten Questions CMO’s Must Be Ready to Answer." If all CMO’s came to the table prepared to respond to these as thoughtfully and thoroughly...
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