by Bruce | October 21, 2012 | Articles, Business Models, Cultural Considerations, Finance, Globalization, Innovative Managing Partners, Leadership, Partnership Structures, Practice Group Management, Strategy
At the end of our last piece, I asked aloud whether we as lawyers are intellectually and emotionally capable of adapting to the new market landscape, suggested that adapting would require experimentation and—yes—failure, and noted that countries and industries that...
by Bruce | October 14, 2012 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Strategy
At the end of the last segment in series, I opined that our industry needed to respond in creative and imaginative ways to the new market landscape, and that it would take "unswerving resolve" to do so effectively and successfuly. But I also warned...
by Bruce | October 2, 2012 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Strategy
Now well on our way into the Growth is Dead series, it’s only fair to offer up what we hope are some constructive ideas on how to deal with this phenomenon going forward. But first, a quick recap of some of the things we’ve touched upon: From more or less...
by Bruce | September 20, 2012 | Articles, Cultural Considerations, Finance, Globalization, Leadership, Strategy
For some time, I’ve been struggling with how to characterize in pithy short-hand what our industry has been experiencing since almost four years ago to the day when Lehman Bros. collapsed. How about Economy I and Economy II? I steal the phrase from the...
by Bruce | September 16, 2012 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
Our third installment in this series addresses partner expectations. Here’s the problem: There’s about to be a collision with reality. Let’s start with some data. In the quarter century since the The American Lawyer first published the AmLaw 100,...