There is a good article in the 7 May
2011 issue of The Economist, "A Less Gilded Future."
Although I do not agree with a few minor points, it describes how easily a
well-established law firm (in this case, the U.S. firm of Howrey, LLP) can go
over the edge.
The two issues that Howrey's...
Another well-intentioned and
innovative reform to a law firm's partner compensation system has been aborted.
The senior management team at one of
the United Kingdom's better-managed law firms, Addleshaw Goddard , has
been forced, by what appears to be unexpectedly strong opposition from...
For several months now, I and some
of my colleagues in the Public and Professional Interest Division of the International
Bar Association have been reviewing the business plans of the PPID
committees and other entities. These groups range from very small task forces
and working groups of fewer than...
Most employees of law firms are in a
great position to help in the firm's business development efforts - or help damage
them. A lot of that depends on how they are treated, how much that love or hate
their job, and are otherwise engaged in the business of the law firm.
This is particularly...
What happens when things don't work
out after a merger as well as the partners had hoped?
There are almost always some rough
spots after any merger of two businesses. However, these can be become
life-threatening for recently merged law firms, which, like most law firms,
typically have lower...
The Lawyer reported this morning that Mark Walker, until recently the
managing partner of Cleary Gottlieb in New York, has moved to Paris and
into the world of finance as a senior advisor to the global sovereign advisory
group at Lazard.
One of the subtle flaws in many law
firm governance schemes...
In September and October 2011, our firm
conducted a worldwide survey about law firm leadership, as part of our ongoing support
of the Law Firm Management Committee of the International Bar Association . 374 lawyers participated,
more than half of whom are or have been managing partners of law firms...