by Bruce | June 24, 2016 | Articles, Globalization
No, I didn’t see that coming either. But since the preferences of elite opinion-makers seem to be taking it on the chin around the world, perhaps we shouldn’t have been so surprised. From the perhaps insulated vantage-point of a country where EU membership...
by Bruce | June 17, 2016 | Articles, Finance, Globalization
Some time ago In my online travels, I came across “Delancey Place,” a marvelous site that gives new meaning to the word “eclectic.” Delancey Place describes its mission as follows: Delanceyplace.com is a brief daily email with an excerpt or...
by Bruce | June 16, 2016 | About the Site, Adam Smith Himself, Articles
Born June 16, 1723, Kirkcauldy, Fyfe, Scotland Today he turns 293.
by Bruce | June 9, 2016 | Articles, Business Models, Finance, Leadership, Strategy
“Something looks wrong.” So begins Greg Ip’s most recent column in The Wall Street Journal. What exactly “looks wrong?” Well, the economy, stupid. Specifically, as Ip points out, consumer spending has been rising strongly recently but...
by Bruce | June 7, 2016 | Articles, Compensation, Finance, Recruiting, Strategy
Well, not quite. “New York To $190!” was, of course, the long-running headline Above The Law printed frequently in more innocent and/or palmier days, with (we suppose) a combination of hope and bemusement. Well, Cravath’s pre-emptive strike of going...
by Bruce | May 31, 2016 | Articles, Book Reviews, Business Models, Strategy
I recently finished reading George Beaton’s and Imme Kaschner’s Remaking Law Firms: Why & How (ABA Press: 2016) (George, who I’ve known for years and count a friend, was kind enough to have the ABA provide me a pre-publication copy) and I’d...
by Bruce | May 28, 2016 | Articles
by Bruce | May 7, 2016 | Articles, Business Models, Compensation, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Strategy
Back in New York from a solid week of meetings in London (17 in five days) and a few observations, reflections, musings, and speculations come to the fore. And no, these will pointedly not include whether the US or the UK’s version of being seized by political...
by Bruce | May 5, 2016 | Articles, Finance, Globalization, Leadership, Partnership Structures, Strategy
Alex Novarese, editor-in-chief of the UK-based publication Legal Business, some time ago granted us permission to republish a few of his articles as we see fit. The following is one where we most definitely see fit. Those in the audience who are writers know the...
by Bruce | May 3, 2016 | Articles, Finance, Strategy
Compared to what we were once used to, BigLaw’s 2015 financial results can pithily be described as “crummy”—at least as reported in the just-released 2016 AmLaw 100 figures. We won’t go into the reality-TV zone of which particular firms were up and which were down...