by Bruce | November 9, 2007 | Articles, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Strategy
Twenty years and a few months ago (apologies for missing the actual anniversary), the merger of Clifford Turner and Coward Chance was announced, which changed the landscape of our industry forever. Not just in the City of London, but across the globe....
by Bruce | November 5, 2007 | Articles, Cultural Considerations, Leadership, Partnership Structures, Practice Group Management, Strategy
Today’s WSJ has a front page story "Perform-or-Die Culture Leaves Thin Talent Pool for Top Wall Street Jobs," which discusses the dearth of talent—or at least, talent deemed publicly acceptable—"for the biggest jobs in finance."...
by Bruce | October 31, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Strategy
As some of you doubtless know, I’m a Stanford Law graduate and, both on general principles and more pointedly with undying gratitude for the rigorous and exciting analytic education it gave me, a loyal one. (Stanford could learn volumes from Princeton when...
by Bruce | October 27, 2007 | Articles, Compensation, Cultural Considerations, Globalization, Leadership, Partnership Structures, Strategy
Last week I was able to attend a panel discussion sponsored by ALM Events on "Developing the Next Generation of Law Firm Leaders." Moderated by Aric Press, the panelists were nothing if not qualified to speak. They were: A.B. Culvahouse, Jr.,...
by Bruce | October 15, 2007 | Articles, Cultural Considerations, Leadership, Partnership Structures, Practice Group Management, Strategy
If you have a candidate for something that’s harder to achieve than large-scale organizational change—transformative change, not reforms or trim-tab adjustments—let me know. And yet, if your firm is to remain relevant in changing marketplaces,...
by Bruce | October 12, 2007 | Articles, Finance, Partnership Structures, Practice Group Management, Strategy
Sustaining our firm’s culture is critically important. Professional development and mentoring are the only way to sustain our pipeline of talent. Knowledge transfer across generational divides (including institutional knowledge) is essential to our continued...