by Bruce | July 27, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
My friend Prof. William Henderson of Indiana University Law School/Bloomington has diligently worked on an analysis of the profits-per-partner of single-tier vs. two-tier law firms, which was just published in the North Carolina Law Review (Indiana Legal Studies...
by Bruce | July 26, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
Legal Week argues that "ensuring the best individuals make it up the partnership ladder has never been harder." They (properly) cite the landmark McKinsey study of nearly ten years ago, The War for Talent, which surveyed 6,000 executives from the "top...
by Bruce | July 18, 2006 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Strategy
My friend Professor Bill Henderson of Indiana University Law School/Bloomington continues his fascinating empirical research into the legal profession with a new piece which analyzes, over the past 20 years, the geographic migration of large law firms and their...
by Bruce | July 12, 2006 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
Does your firm seem to have one strategy in theory and another in practice? That is to say, does your intended strategy differ from the strategy that actually emerges based on people’s behavior? If so, you may not be alone. Indeed, Harvard...
by Bruce | July 8, 2006 | Articles, Cultural Considerations, Leadership, Partnership Structures, Practice Group Management, Strategy
A "values-driven organization." Seductive, isn’t it? Who wouldn’t aspire to belong to such an organization? Indeed, what organization wouldn’t aspire to being so characterized? However, in the "be careful what you...
by Bruce | July 7, 2006 | Articles, Cultural Considerations, Finance, Leadership, Practice Group Management, Strategy, Technology strategy
Have you been struck by how frequently the first question lawyers will ask, when exposed to a new suggestion about how they might run things at the firm (from the smallest to the largest issues) is: "Well, what other firms are doing that?" On one...