Globalization

A Conversation with Joe Longo

Last month I had the pleasure of being on a panel in Europe with Joe Longo, the General Counsel for Asia-Pacific of Deutsche Bank AG.  Joe had some particularly thought-provoking and hard-headed observations about the changing dynamics between law firms and clients.  I thought it would be worth drawing Joe out a bit more extensively
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Articles, Client Relationships, Globalization, Leadership, Profiles of Individuals

The UK’s LSA in the US?

A few weeks ago, an editor at the Oxford University Press site, “Academic Insights for the Thinking World,” was kind enough to write me and ask if I might care to submit an essay for their site.  Yes, I’d be delighted, was my response; what about?  “Up to you – within reason, of course.” “Understand,”
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Articles, Business Models, Finance, Globalization, Strategy

The Elite Face-Off: NY vs. London

A famous former (and now late)  leader of the US House of Representatives, the classic Boston pol Tip O’Neill, supposedly remarked that “all politics is local.”  To that I would add MacEwen’s corollary, that “all rivalries are local.” In many ways, the leading candidate for most intense local rivalry in BigLaw is between London’s four
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Articles, Business Models, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy

Our New Book: A Taxonomy of Firms

Many of you have read or know of our first book, Growth Is Dead: Now What? Law firms on the brink, published early in 2013. We now have a sequel of sorts, just published this week: A New Taxonomy: The seven law firm business models. “A sequel of sorts” in the sense that the Now
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Articles, Business Models, Finance, Globalization, Leadership, Strategy

Letter from London

Greetings from the right side of the pond: Impressions and observations from a wide-ranging series of conversations and meetings over the past few days. 1. Overall, the market here strikes me as a few years beyond—more evolved—than the US market. Why this is so I have no theory, but firms in general talk more crisply,
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Articles, Business Models, Cultural Considerations, Globalization, Strategy

A Call to Arms: III

The first installment in this series presented the background and basic ramifications of the proposal now pending in Congress to require law firms and other professional service firms with annual revenue over $10-million to adopt the accrual accounting basis and not the cash basis. The second installment outlined the financial repercussions in dollars and cents,
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Articles, Compensation, Finance, Globalization, Strategy

FT Innovative Lawyers/2013

The other night I was fortunate enough to be invited to attend the FT’s Innovative Lawyers 2013 (US) awards ceremony at the New York Public Library’s main Fifth Avenue and 42nd branch. (The report was published here the next day in the paper, and you can download a PDF here.) Since this is now an
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Articles, Finance, Globalization, Innovative Managing Partners, Leadership

A Conversation With Ted Burke

The other week I had the chance to sit down with Ted Burke, outgoing chief executive and global managing partner of Freshfields. I’ve known Ted for years, consider him a friend, and with the announcement a month or so ago that he would be stepping down at Freshfields a year ahead of expiration of his
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Articles, Business Models, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy

How much how fast?

The other week the redoubtable George Beaton launched what turned into as wide-ranging an online discussion as I can remember, under the title The rise and rise of the NewLaw business model, Since its publication, it has generated 65 comments over nearly three weeks from a Who’s Who of the best informed, most thoughtful, and most
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Articles, Business Models, Cultural Considerations, Finance, Globalization, Leadership, Strategy

Trending

Don’t worry; this is not going to be about what’s “trending on Twitter,” which I used to think was merely amusing but which I’m coming to believe is borderline evil. (Topic for another day, or on second thought, a topic for never.) No, this is about equity market trends, and what they do—or don’t—portend for
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Articles, Business Models, Finance, Globalization, Leadership, Strategy