by Bruce | May 25, 2008 | Articles, Cultural Considerations, Finance, Knowledge Management, Leadership, Practice Group Management, Strategy
Have you ever considered a completely different approach to strategic planning for your firm? An approach kind of like Toyota’s? Let me explain. There are traditional and classic strategic plans, which typically focus on practice group and geographic reach,...
by Bruce | May 16, 2008 | Articles, Cultural Considerations, Globalization, Leadership, Practice Group Management, Strategy
Do these descriptions fit your firm, or sound credible to you? "Managing talent in global organization is more complex and demanding than it is in a national business." "The movement of employees between countries is still surprisingly limited."...
by Bruce | May 6, 2008 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
Thinking of going to a two-tier (equity and non-equity) partnership? Or of increasing the non-equity ranks if (like 80% of the AmLaw 100) you’re already two-tier? I’m here to counsel extreme skepticism. And I’m tempted to be even more...
by Bruce | May 5, 2008 | Articles, Compensation, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Strategy
A loyal reader, partner in an AmLaw 25, writes, under the topic "Could we be developing a ‘bubble’ in law firm PPP:" Bruce: I’d be interested in getting your thoughts on the above question. If you define a market "bubble,"...
by Bruce | April 24, 2008 | Articles, Finance, Practice Group Management, Strategy
Recently I had the chance to sit down for a chat with a "lawyer’s lawyer" in that his practice revolves around matters such as partnership agreements (their drafting and interpretation), fee disputes and malpractice litigation, and professional ethics...
by Bruce | April 16, 2008 | Articles, Finance, Leadership, Practice Group Management, Strategy
In this economic environment of little visibility going forward and indeed little transparency into the health of the transactional practices at the moment, you may find yourself struggling to meet partners’ expectations for a continuation of the double-digit...