by Bruce | February 22, 2024 | About the Site, Articles, Cultural Considerations, Finance, Ineffable, Just Plain Interesting, Partnership Structures, Strategy
This is one in our occasional series of excerpts from my yet-to-be-published new book, treating, among other things, the historic roots of our profession tracing back to medieval guilds. I hope you enjoy, and, more importantly, that you provide any feedback,...
by Bruce | February 1, 2024 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy, Technology strategy
When it comes to partner pay, the first thing everyone salaciously wants to know is “how high is up?” And second by a nose is probably “Who’s on top and by how much, especially compared to me?” Please, people, we can do better than this. (You have to admit it sounds...
by Bruce | November 16, 2023 | About the Site, Articles, Cultural Considerations, Finance, Leadership, NewLaw, Practice Group Management, Strategy
Irish BIshop George Berkeley (1685–1753) famously asked, “if a tree falls in the forest and no one is present to hear it, would there be a sound?” His notion is neither as cutesy nor as vexed as it might strike you, but a snappy and memorable...
by Bruce | October 5, 2023 | Articles, Business Models, Compensation, Cultural Considerations, Finance, Partnership Structures, Strategy
“Ripped from the headlines,” as the cliche-inclined might say, we have this from The American Lawyer in the past week or so: Elite Firms Revisit Comp Formulas as Star Talent Has ‘Extraordinary Leverage’ Some highlights: According to Kent Zimmerman over...
by Bruce | August 23, 2023 | Articles, Business Models, Finance, Partnership Structures, Practice Group Management, Strategy
The following article is by Janet Stanton, Partner, Adam Smith, Esq. LLC. Quite simply, our reason for exploring the non-equity tier is that (a) there has been explosive growth in that cohort and (b) we’ve not seen recent, comprehensive examination of this phenomenon....
by Bruce | August 7, 2023 | Articles, Finance, Globalization, Leadership, Practice Group Management, Strategy
While you were out–staring at the window for the 39th time wondering how private equity seems to have taken over the world, perchance?–relatively few have noticed, until the odd recent headline here and there, about the seemingly sudden arrival on the...
