by Bruce | November 5, 2018 | Articles, Business Models, Client Relationships, Cultural Considerations, Leadership, Practice Group Management, Strategy
There is only one valid definition of a business purpose: to create a customer. –Peter Drucker, The Practice of Management (New York,: Harper, 1st ed. 1954); Routledge, 2012, at p. 37 Urban legend has it that a Harvard Business School professor (who is never...
by Bruce | October 7, 2018 | Articles, Client Relationships, Cultural Considerations, Finance, Leadership, Practice Group Management, Strategy
Recent conversation with a veteran friend in the industry. He had correctly deduced from a recent column in these pages that I’m (re-)reading the all-time strategy classic Playing to Win by A.G. Lafley and Roger Martin (Harvard Business Review Press: 2013) and...
by Bruce | May 11, 2018 | Articles, Compensation, Cultural Considerations, Practice Group Management, Question of the Month
Take it away, readers! [poll id=”15″]
by Bruce | May 7, 2018 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Recruiting, Strategy
Last week Jim Stewart of The New York Times published $11 Million a Year for a Law Partner? Bidding War Grows at Top-Tier Firms which was pegged to the news that Sandra Goldstein had left Cravath for Kirkland, and a reported compensation package of $11-million/year...
by Bruce | March 26, 2018 | Articles, Cultural Considerations, Practice Group Management
My favorite law in the whole world is the Law of Unintended Consequences. I suspect I’m so fond of it because it’s intrinsically perverse, it smotes the smartest people (maybe especially the smartest people), it’s of universal applicability, and it shouldn’t be that...
by Bruce | March 6, 2018 | Articles, Finance, Partnership Structures, Practice Group Management, Recruiting
Our good friends at Leopard Solutions have just come out with their annual recap of the law firm competitive landscape. If you don’t know Leopard, they have one of the most rigorously researched and scrupulously maintained databases there is to be had on a rich...