A Quote by Robert Pozen
You have various institutions like law firms and accounting firms which bill by the hour. I'm really against that. You have an incentive to go slowly, be there as long as possible, to over-research things and over-staff.
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The lawyers have escaped most criticism [and undeservedly so]. The tax shelters [were approved by lawyers, who got paid huge commissions to do so] and every miscreant had a high-falutin' lawyer at his side. Why don't more law firms vote with their feet and not take clients who have signs on them that say, "I'm a skunk and will be hard to handle?" I've noticed that firms that avoid trouble over long periods of time have an institutional process that tunes bad clients out. Boy, if I were running a law firm, I'd want a system like that because a lot of firms have a lot of bad clients.
If two firms join together, we want their total tax bill to go up because we don't want more big firms. We'd actually like to have lots more small ones.
When German companies take over firms in India, it is seen as normal. When an Indian buys one or two firms in Germany, that is something special.
I see basically two models of law firms in the world. One of the global law firm they go by the name of one-stop shops, which will open an office, everybody see and opportunity and will also practice the local law of that jurisdiction. That's a successful model as well but that's not the only model. And the other model is those of independent law firms, national champions which have some unique strengths as well and I think both have their strengths and weaknesses.
The global financial system consists of firms in the financial services sector - banks, hedge funds, insurance companies and the like - and various governmental agencies who are charged with regulating these firms.
By taxing CO2, firms and households would have an incentive to retrofit for the world of the future. The tax would also provide firms with incentives to innovate in ways that reduce energy usage and emissions - giving them a dynamic competitive advantage.
In a moment of stress, funding may go to systemically-important firms, which could pull funding away from firms not making the cut.
Those days are long gone. But our corporations haven't caught up with it. Our law firms, our higher education system, and our medical institutions haven't figured out how this family policy is going to work. Men are tired of the 80- to 100-hour work week as well.
Firms are a bit concerned about things like oil prices and US growth but actually the change (in firms expectations) is quite small so I think broadly theyre looking for more of the same.
Virtually all big law firms have good to super-good lawyers. All big law firms don't have great litigators.
Poor firms ignore their competitors; average firms copy their competitors; winning firms lead their competitors.
Under the rule of law, if the government wants to prevent firms from outsourcing and offshoring, it enacts legislation and adopts regulations to create the appropriate incentives and discourage undesirable behaviour. It does not bully or threaten particular firms or portray traumatised refugees as a security threat.
Access to capital is important for all firms, but it's particularly vital for startups and young firms, which often lack a sufficient stream of earnings to increase employment and internally finance capital spending.
People go to work at Wall Street firms to make a lot of money. They may not love what they are doing, but the punishing hours and travel are incredibly well-compensated. By contrast, the engineers at technology firms do believe that they can change how we all live.
We're not going into advertising. But we see the future battleground existing between ourselves, digital firms, and media-buying firms.
Businesses that fail to develop their staff are twice as likely to collapse. Firms seeking to reposition themselves for the economic upturn need to invest in their staff's flexibility, responsiveness and skills.
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