Practice Group Management

Delusions of Crowds

When a large number of smart, accomplished, ambitious people seem to be behaving in a way that makes no rational sense, there has to be an irrational explanation. I’ve written and spoken before about my overall attitude towards aggressive lateral partner recruitment. As Calvin Coolidge reportedly said, leaving church and asked by a reporter what
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Articles, Compensation, Cultural Considerations, Finance, Leadership, Practice Group Management, Recruiting, Strategy

See Talent. Liberate it.

It’s been viewed online nearly 7 million times. Sheryl Sandberg calls it one of the most important documents ever to come out of Silicon Valley. And it was created by the company whose stock increased in 2013 more than any other’s in the S&P 500—up nearly 350%. “It” is a 126-slide PowerPoint called “Netflix Culture:
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Articles, Compensation, Cultural Considerations, Leadership, Practice Group Management, Recruiting

Hard Conversations 101

One of the thorniest and most convoluted issues any leader has to deal with is telling senior-level underperformers that they’d be better off elsewhere. It calls on every skill in the manager’s trick-bag, from financial analysis to subtler cultural and personality judgments, and accurate perspective on the impact on the organization overall of asking a
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Articles, Cultural Considerations, Leadership, Practice Group Management, Strategy

“Entrepreneurial?” Really?

For years, I’ve been hearing firms describe their cultures as “entrepreneurial,” and I hardly paid the slightest attention. Like “collegial” or “collaborative,” it just seemed like so much white noise. Then finally I heard it once too often and had to face cold reality: I had absolutely no idea what these people—a lot of smart,
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Articles, Leadership, Marketing, Practice Group Management, Strategy

The Credo Card

If you’re like me, you travel a lot. and you almost certainly have your own views of, and preferences among, the familiar roster of hotel brands, Hilton, Marriott, and Sheraton, but also at the high end Fairmont, Four Seasons, J.W. Marriott, and Ritz Carlton. All of the latter are without fail lovely “properties” (as the
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Articles, Branding, Business Models, Cultural Considerations, Leadership, Marketing, Practice Group Management

Checked your demographics lately?

Sometimes large changes break across the landscape like summer afternoon thunderstorms, seemingly coming from nowhere and definitely getting everyone’s attention: And sometimes they steadily and stealthily accumulate over time, perhaps without anyone ever intending to transit from where we were to where, when we look around, we find ourselves today. Today we’re talking about Type
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Articles, Business Models, Finance, Leadership, Partnership Structures, Practice Group Management, Recruiting

For Our Readers in Asia

Actually, this is for all our readers, but for those of you in the Eastern time zone in the US, you’ll need to be up at 11:00 pm this coming Wednesday the 24th of July. This is what I’m referring to:  The LAWASIA Law Management Section has kindly set up a free online webinar where
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About the Site, Articles, Book Reviews, Finance, Globalization, Leadership, Practice Group Management, Strategy

A One-Firm Firm or Legal Co-op?

Here’s Scenario 1: You’re in an executive committee or practice group or departmental meeting at your firm, and the question arises for discussion why one or a handful of your partners are engaging in activities which, from the firm’s overall perspective, are clearly marginal: The activities could be pursuing a particular client or lobbying to
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Articles, Cultural Considerations, Leadership, Practice Group Management, Strategy

The Weil Layoffs

Adam Smith, Esq. isn’t in the business of covering—or typically even commenting on—late-breaking news, but there’s news and then there’s news. And the Weil layoffs were reported above the fold on the front page of today’s Wall Street Journal and as the lead story for much of the day in The New York Time’s estimable
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Articles, Compensation, Leadership, Practice Group Management, Strategy

Boutiques

Boutiques are next up in our law firm taxonomy, and first a word about what I mean when I say “Boutiques,” because I may be using it a bit differently than you might assume in common parlance. In my nomenclature for purposes of this taxonomy, boutiques are firms that do one and really only one
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Articles, Business Models, Leadership, Partnership Structures, Practice Group Management, Strategy

Bear