by Bruce | March 8, 2023 | Articles, Compensation, Cultural Considerations, Leadership, Practice Group Management, Recruiting, Strategic Client Management, Strategy, Technology strategy
Covid-19 may be behind us as a daily personal preoccupation, but one major repercussion of its shockingly extended and global impact is still with us: Do we or do we not go back to the office? May we review the bidding? Totally remote/zero days-week in the office is...
by Bruce | January 22, 2023 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Strategy
Consider: According to PwC’s annual 2023 survey of CEOs worldwide (4,410 from 105 countries), 40% said they did not see their own companies as viable in 10 years if they stayed on their current path. Bob Moritz, PwC’s global chair, summarized it as follows:...
by Bruce | January 4, 2023 | Articles, Business Models, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
“Transparency!” is a far more clarion call to arms than “Opacity.” And as a securities lawyer, I was trained–and didn’t take much convincing, truth be told–that full disclosure was a not so minor deity. Yet here I am...
by Bruce | November 18, 2022 | About the Site, Articles, Business Models, Compensation, Cultural Considerations, Partnership Structures, Recruiting
This article is by Janet Stanton, Partner, Adam Smith, Esq. Recently, we had the good fortune to work with our great friends at Above the Law on a project to delve into the current associate mindset. As with the recent midterm elections, the results were not what the...
by Bruce | October 4, 2022 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Practice Group Management, Recruiting, Strategy
We’ve worked with a lot of law firms over the years and an evergreen topic of discussion is their partner compensation plan–how it’s structured overall, if it’s aligned to the firm’s strategy, and then all the devilish details to be...
by Bruce | September 13, 2022 | Articles, Business Models, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategy
Recently across my desk came a copy of a thoughtful and comprehensive article on why law firms collapse. Or rather, I should say, a pair of articles on that topic, both by John Morley, Yale law professor {his name was not familiar to me). The pair of articles consists...