Profit and Delusion

The following is reproduced from LegalBusiness with the kind permission of the author, Tony Griffiths, who heads the London office of K&L Gates. Many centuries ago while studying law as an undergraduate, a particularly inspiring corporate law lecturer suggested that I might want to read a book on management theory, as well as immersing myself in
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Articles, Business Models, Client Relationships, Finance, Strategy

Letter from London: Part I

We recently returned from London on business, and this will be the first of a few installments presenting our thoughts given the benefit of 17 meetings in five business days. As you know, we work globally with firms of all sizes in a wide variety of markets with every permutation of office footprint and practice
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Articles, Client Relationships, Compensation, Leadership, Partnership Structures, Strategy

Law Firm Leaders Dinner: Seattle 15 Oct

We know many of our loyal readers are based in the Pacific Northwest, and for those who might find themselves in Seattle on Thursday, October 15th, we invite your attention to the Puget Sound Chapter of the Association of Legal Administrators’ annual Law Firm Leaders Dinner. Here’s what you need to know: 5:30 – 8:30
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About the Site, Articles, Leadership, Strategy

Different Price Points/One Brand?

I’ve previously mentioned the Business Leadership Summit being organized by The Lawyer, taking place in London September 22—23. (More information here; registration here.) On the afternoon of Wednesday 23 September I will be moderating a panel (3:30 pm – 4:30 pm) on “The Law Firm of Tomorrow,” which will include Charles Martin, Senior Partner, Macfarlanes; Darryl Cooke, Managing Partner,
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Articles, Branding, Business Models, Client Relationships, Cultural Considerations, Finance, Leadership, Marketing, Strategy

The Bergdorf Effect

A week or two ago, we were having drinks here in New York with two senior corporate partners at an AmLaw 25 firm that is quite self-aware enough to know it’s not in the realm of the super-elite, and the topic turned to pricing. A matter they’d both been working on since earlier this year
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Articles, Client Relationships, Finance, Marketing, Strategy

Your Opinion Please on the AmLaw Numbers

Last week I published a column asking you to weigh in on how reliable you believe the AmLaw numbers to be – and your firm’s degree of participation in the survey. (Firms that aren’t AmLaw reporting firms can simply record that fact as their answer.) Our reasons for doing this are utterly straightforward: The AmLaw rankings
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Articles, Compensation, Finance

How Reliable are the AmLaw Numbers?

The AmLaw rankings have been with us for over thirty years, and despite the evergreen complaints about their design, purpose, impact, and reliability, to our knowledge no one has ever tried to systematically ask AmLaw firms themselves whether and to what extent they actually comply in reporting accurate data.  We think it’s time to take a look. We
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Articles, Finance, Partnership Structures, Recruiting

What’s Your Cyber-Security Posture? (2)

Herewith the second installment of Doug Caddell’s essay on cyber-security. We closed part one of this article by stating that improving your cyber security posture was about managing risk, and that risk will be dependent upon your firm and how you measure the various risks to your business.  We also said that we can’t protect
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Articles, Technology strategy

A Client Value Guarantee?

Today I want to discuss what, I imagine, many readers will thing is a hare-brained idea; and then I want to explain why, if you adopted this idea, your own behavior would change such that it might not end up being hare-brained in the least. Both dimensions of this discussion, I believe, have value, although
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Articles, Business Models, Client Relationships, Finance, Marketing, Practice Group Management

What’s Your Cyber-Security Posture?

The following article is by Doug Caddell, a Senior Advisor at Adam Smith Esq. and a former Global 50 CIO.  He is a certified Information Governance Professional (IGP) and a Certified Information Systems Security Professional (CISSP). As I sat down to write this article I thought of all the other cyber security articles that I’ve
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Articles, Technology strategy