by Bruce | August 10, 2005 | Articles, Finance, Leadership, Marketing, Strategy
My friend Patrick McKenna, of Edge International, sent me a press release announcing the two winners of this year’s "InnovAction Awards," a contest held annually to identify firms that significantly stand out for initiatives in: (a) client service; (b)...
by Bruce | August 8, 2005 | Articles, Finance, Globalization, Leadership, Strategy
"Historically there have been too many lawyers being made equity partners." If you had to guess, would you surmise those words come from a major league headhunter at the top of his game? Isn’t that akin to poisoning the pond in which you...
by Bruce | August 4, 2005 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Strategy
If "quadrifecta" is a word, then I suppose we have one, although some of the four firms constituting it are, in the immortal words of Orwell’s Animal Farm, "more equal than others." Reed Smith is reported to be eyeing an acquisition of...
by Bruce | July 31, 2005 | Articles, Compensation, Finance, Leadership, Partnership Structures, Strategy
The AmLaw 200 (technically, the AmLaw 101—200) is now out and the most important generalization to be offered is that this group is not susceptible to generalizations. On a macro level, the news is good for these firms: Revenue was up year-over-year by 7%,...
by Bruce | July 28, 2005 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Strategy, Technology strategy
Should law firms ever be in businesses other than practicing law? And does the answer to that turn on legal ethics, or on microeconomics, or both? The question is no longer academic. In "All in One Law Firms," the Financial Times reports...
by Bruce | July 28, 2005 | Articles, Leadership, Marketing, Partnership Structures, Strategy
Yesterday Gerry Riskin, of Edge International, invited me to lunch at The Cornell Club while he was passing through town. Suffice to say that if you have a chance to meet Gerry (I had not, previously), and if you’ve ever given a lick of thought to law firm...