by Bruce | May 6, 2009 | Articles, Finance, Strategy
Today’s Financial Times features “Law Firms Adapt to a Stark New World” which quotes a certain “Bruce McKewan” (well, close enough, and phonetically accurate) as saying: “The law firm business model for this century up until last...
by Bruce | May 5, 2009 | Articles, Compensation, Finance, Marketing, Practice Group Management, Strategy
From the famous annual meeting of Berkshire Hathaway, “Woodstock for capitalists,” comes news a couple of days ago from the WSJ that Warren Buffett, long an investor in newspapers, sees “unending losses” for the industry. He then makes even...
by Bruce | April 2, 2009 | Articles, Leadership, Strategy
Just as McKinsey’s consulting practice centers on corporate America, certainly its core clientele and expertise, as opposed to law firms, where they have no domain expertise that anyone would notice, the McKinsey Quarterly surveys do not encompass law firm...
by Bruce | March 28, 2009 | Articles, Finance, Globalization, Strategy
Is capitalism dead? The Financial Times has an ongoing series, The Future of Capitalism (I haven’t read it all, but "dubious" would seem to be the most apt one-word review so far), Knowledge @ Wharton has "revisited" the question...
by Bruce | March 17, 2009 | Articles, Compensation, Finance, Partnership Structures, Practice Group Management, Strategy
The news out of Dewey & LeBoeuf–that 66 partners, or about one in five of their 350 partners, have seen their compensation cut over the past 15 months by up to 80%–begs for an explanation, or at least some commmentary. First, what’s going on in...
by Bruce | March 13, 2009 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Practice Group Management, Strategy
Well, that’ll teach me… The volume of commentary following my publication earlier this week of “The Great De-Leveraging” has been unprecedented. Depending on your attitude, that is either deeply gratifying or almost overwhelming. As one who...