by Bruce | May 30, 2009 | Articles, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
According to data published by Citi Private Bank, covering the vast majority of large US-based firms, the compound annual growth rate of yearly revenues from 2001–2007 was 10.6% and that of profits per partner was 9.3%. Put differently, the average...
by Bruce | May 27, 2009 | About the Site, Adam Smith Himself, Articles, Globalization, Strategy
I got back to New York this past Memorial Day Weekend after my extended European trip. While the trip was even more professionally rewarding and successful than I had hoped–not to mention fascinating and deeply gratifying on a personal level–I owe you all,...
by Bruce | May 17, 2009 | Adam Smith Himself, Articles
If you’ve never been to Edinburgh, I highly commend it to you. And that’s not just because of the Adam Smith connections, although that’s what I’ll very briefly mention here. We’re staying about 200 yards down the Royal Mile from...
by Bruce | May 7, 2009 | About the Site, Articles, Globalization
I leave this afternoon for nearly two and a half weeks in Europe on business, returning to New York Memorial Day Weekend. The trip covers Edinburgh (May 9-11), London (13-17), Vienna (18-19), and Budapest (20-22). Email should be [almost] wholly functional, and I...
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...