Archive for 06月, 2008

QuoteMedia, Inc. (QMCI.OB) Announces First Quarter Results

星期二, 06月 10th, 2008

Today, QuoteMedia, Inc. (QMCI.OB) announced first quarter financial results for the period ending March 31, 2008. QuoteMedia is one of the leading providers of market information and financial applications. QuoteMedia announced $1,687,675 first quarter revenue, which is a 45 percent increase compared to the 2007 results of $1,160,700. This is ...

Lessons From Toyota

星期二, 06月 10th, 2008

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, perhaps with an overlay of a third dimension of client or industry ...

Eversheds Brings Us \”The Law Firm of the 21st Century\”

星期二, 06月 10th, 2008

Eversheds is often up to interesting things. One of the most attention-getting, which was just renewed for another year, was Tyco's decision to entrust work it had previously distributed among 250 law firms exclusively to Eversheds. Here's the deal in a nutshell: "Tyco has signed up for the second ...

Legal Education Reform?

星期二, 06月 10th, 2008

Timely is the only word for the new article in Booz-Allen's Strategy + Business, which examines the history of business school education and asks if today's MBA programs are out of sync with the needs of 21st Century business. Why timely? For two reasons. One of the editorial goals of "Adam ...

Managing Talent Globally

星期二, 06月 10th, 2008

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." "Many people tempted to relocate fear that ...

\”The Transatlantic Elite:\” Sixteen Names And Much More

星期二, 06月 10th, 2008

The Lawyer came out this morning with its first-ever Transatlantic Elite, profiling the leading firms on both sides of the pond.  I'm not aware of a comparable journalistic project, or of one that matches its ambition.  What it's not, first of all, is a financial or numeric ...

Who\’s On Your \”Red Team?\”

星期二, 06月 10th, 2008

According to a McKinsey study, in the corporate world, for every five attempts to enter a new market, four fail and only one succeeds. And this isn't limited to startups or novice businesses; it includes very sophisticated firms. For example? Anheuser-Busch tried to diversify into snack foods. Not, you might ...

Going Two-Tier? Not So Fast

星期二, 06月 10th, 2008

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 absolutist:  Don't do it. At least, that is, if the ...

A \”Bubble\” in PPP?

星期二, 06月 10th, 2008

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," as a period when the expressed ...

The Market Is Not Responsible For Your Results

星期二, 06月 10th, 2008

One of my core beliefs is that no one is entitled to incumbency. I can point to the turnover in the AmLaw 100, but to abstract from our industry is often more illuminating because no one gets defensive. In terms of understanding and analyzing enduring corporate cultures, probably no one ...