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 21, 2022 | Articles, Business Models, Finance, Globalization, Leadership, Practice Group Management, Strategy
Geography–a “sense of place”–is often taken for granted as the inevitable but fundamentally random by-product of historical happenstance, and almost never appreciated for the strategic dimension it provides–like it or not. Because...
by Bruce | July 28, 2022 | About the Site, Articles, Cultural Considerations, Finance, NewLaw, Partnership Structures, Practice Group Management, Strategy
Recently The New York Times devoted its Sunday “Opinion” section to the theme, “I was wrong,” and several of its leading columnists each penned an essay “I was wrong about….” This set us thinking. And with hardly any...
by Bruce | July 5, 2022 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Practice Group Management, Recruiting, Strategy
Yes, I’m looking at you, law firm leaders. You, too, have a supply chain. It’s time to start thinking of it that way. May we take a step back for a moment? From the redoubtable St. Louis Fed comes a study Supply Chain Disruptions and Inflation During...
by Bruce | June 23, 2022 | Articles, Business Models, Finance, Leadership, Practice Group Management, Strategy, Technology strategy
Two plus years after the simultaneous worldwide Office Exodus (“Everybody out of the building!”) at the onset of this pandemic, we are at last beginning to emerge from the by-guess-and-by-golly finger-in-the-air period of figuring out what WFH (thank you,...
by Bruce | June 15, 2022 | Articles, Branding, Client Relationships, Finance, Leadership, Practice Group Management, Strategic Client Management, Strategy
A few days ago the intrepid and data-tropic Bloomberg Law reporter Roy Strom published Big law rates topping $2,000 leave value ‘in the eye of the beholder.’ Roy is a friend (disclosure!) but his story prompted some reflections hereabouts on “How...