by Bruce | October 5, 2007 | Articles, Globalization, Leadership, Marketing, Practice Group Management, Strategy
On Monday of this week Proskauer Rose published something brand-new online. I use "brand new" advisedly. I would be the first to confess I may have missed something like it beforehand (and if you’re aware of any analogs, please let me...
by Bruce | October 4, 2007 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Strategy
Some of you may have seen the piece that ran in The Recorder about 10 days ago with the attention-getting headline, "In Salary Twist, Firm Pays More–and Less." (It was also picked up by the WSJ’s Law Blog, as the "Associate...
by Bruce | October 1, 2007 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
My firm does/does not have a mandatory retirement policy. I do/do not believe we should have one. Discuss. This comes up because of the near-even split in the industry between firms that have such policies and those that don ‘t—57% of all firms...
by Bruce | September 28, 2007 | Articles, Finance, Globalization, Leadership, Strategy
The "Global 100" is out, a joint production of The American Lawyer and LegalWeek, which of course are now conjoined under the umbrella of IncisiveMedia. It ranks the largest firms through three filters: Highest gross revenue for the most recently...
by Bruce | September 27, 2007 | Articles, Finance, Globalization, Partnership Structures, Strategy
Profits Per Partner troubles me. As I’ve written before, it has (at least) the following defects: It’s extraordinarily manipulable, with especially toxic consequences for firms whose approach is to hack away at the denominator while taking few or no steps...
by Bruce | September 24, 2007 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Marketing, Partnership Structures, Practice Group Management, Strategy
The annual "Adam Smith, Esq." Reader Survey is actively in progress, and I sincerely urge those of you who haven’t taken the two to three minutes it takes to complete it to do so right now. The point of the survey? Two-fold: I want to...