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The Fable of Starbucks

by Bruce | September 8, 2024 | Articles, Branding, Business Models, Cultural Considerations, Leadership, Strategy

Few brands are more prominent in our daily lives (well, at least if you’re a Western world urban dweller) than Starbucks.  Its rise to prominence has become standard-issue corporate lore: From its single Seattle store founding in 1971 to Howard Schultz’s...

If Supply Grows Faster Than Demand,…

by Bruce | May 8, 2024 | Articles, Business Models, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy

Sometimes it’s the quiet, seemingly unremarkable, things that  ultimately rear up and bite you.   Here may, or may not, be one. Let’s start with this chart from Thomson Reuters redoubtable annual Report on the State of the US Legal Market (here, the 2024 edition...

A.I.: Friend or foe? Webinar–You’re Invited!

by Bruce | April 24, 2024 | About the Site, Articles, Strategy, Technology strategy

Thursday May 2nd:  11:00 a.m. – 12 noon  Eastern Time (US and Canada) How is A.I. impacting BigLaw?  Bruce, Janet and the esteemed Toby Brown of DV8 Legal Strategies  will discuss the ways Gen A.I. is impacting law firm business models and what the implications are...

Is the American Legal Profession a Guild?

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,...

Three Cheers for Black Box Comp

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...

RIP Stroock (1876–2023)

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...
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