by Bruce | October 11, 2005 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Strategy
With this year’s award of "The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel," a/k/a the Nobel Prize in economics, to two masters of game theory, a brief recap of what game theory is and what it means for managers contemplating...
by Bruce | October 6, 2005 | Articles, Cultural Considerations, Finance, Globalization, Leadership, M&A, Strategy
Mergers are here to stay. If you believe that (I do), then it’s worth a moment to explore how to do them right, and what can be learned from this who have gone before—most famously, perhaps, the 2000 tie-up of Clifford-Chance and Rogers & Wells. ...
by Bruce | October 4, 2005 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
The American Lawyer’s annual associate (dis)satisfaction survey is now echoed across the pond, as Allen & Overy reveals its associate ranks suffered a 25% attrition rate last year and, in response, it’s accelerating its exploration of an alternative...
by Bruce | October 2, 2005 | Articles, Cultural Considerations, Globalization, Leadership, Strategy
Juxtaposition can be deadly. Something which, viewed in isolation, seems explainable or understandable, can, placed next to its drastic opposite, seem utterly obtuse and even mildly absurd. So this weekend we have The American Lawyer’s release of its...
by Bruce | September 30, 2005 | Articles, Cultural Considerations, Globalization, Leadership, Partnership Structures, Strategy
Most would agree that one of the most difficult things to get lawyers to do is to change, and that changing a law firm itself is an order of magnitude more difficult. Many managing partners I know, some of whom arrived on the scene of "a burning...
by Bruce | September 28, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
This being an equal opportunity blog in terms of eligibility for criticism or praise, today I offer a heartfelt endorsement of what Clifford Chance is doing right—and add that other firms aspiring to a truly sophisticated approach to their strategic...