by Bruce | May 11, 2006 | Articles, Compensation, Cultural Considerations, Globalization, Leadership, Partnership Structures, Practice Group Management
Across the pond, anti-age discrimination regulations are going to go into effect in October, and firms are already bracing for their impact. This is what they require, in a nutshell: "The Regulations apply to employment and vocational training. They...
by Bruce | May 4, 2006 | Articles, Compensation, Cultural Considerations, Leadership, Practice Group Management
CFO magazine (along with the usual sources) reports that at Raytheon’s annual meeting yesterday the company announced that it would freeze CEO William Swanson’s salary at its 2005 level and reduce his restricted stock eligibility by 20%. Not...
by Bruce | April 30, 2006 | Articles, Finance, Globalization, Leadership, Practice Group Management, Strategy
Herewith our last two charts of the weekend. First, we have the cumulative "market share" (revenue) of the AmLaw 100 in rank order, showing that the top 28 or so firms have 50% of the market. Antitrust 101 tells us this is a very fragmented...
by Bruce | April 29, 2006 | Articles, Compensation, Finance, Globalization, Leadership, Practice Group Management, Strategy
Here at "Adam Smith, Esq.," the release of the annual AmLaw 100 feels a bit like Super Bowl weekend; there are lots of stories to report. Fortunately, here in virtual space, we have unlimited newsprint and ink. Here are a few more ways to slice the...
by Bruce | April 29, 2006 | Articles, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Strategy
Today we have the AmLaw 100 ranked by Revenue per Lawyer, one of my favorite metrics. Why one of my favorites? First of all, it provides insight into the extent to which a firm actually achieves the Holy Grail sought by all—to do a larger proportion...
by Bruce | April 26, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Marketing, Practice Group Management
One of the topics most regularly (should I say, "compulsively?") bruited about, with far and away the least actual impact on anything to show for it, is "alternative billing," also known as anything but the billable hour. I have my own theories as...