When directors understand governance

By rickColosimo / February 9, 2009 /

Footnoted, a regular read for us, recently found some great references to intra-board conflict resolution, or the lack thereof. This memo by director Thomas Hallagan explains several of the reasons he decided to leave the board of Amerisafe at the expiration of his term. We’ve heard similar comments from directors at other companies, although not…

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Is your firm ready for alternative fee structures?

By rickColosimo / January 21, 2009 /

Since I’ve been involved in the legal profession — fifteen years now — firms and general counsel have been talking about alternative fee structures. The failings of the billable hour system as well as the reasons for its persistence in the face of its demise in most other professional services businesses, e.g., medicine, consulting, have…

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How to make faster decisions

By rickColosimo / January 21, 2009 /

We’ve written before about decisiveness, the skill of being able to make decisions quickly, particularly in an environment of uncertainty and obviously incomplete information. Recognizing that not only will you never have access to complete information that is also completely reliable is just one piece of the puzzle. You also have to recognize that delaying…

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Quote – planning too much?

By rickColosimo / January 19, 2009 /

For some time now, we’ve been working with a senior retired banker from Lazard who is on our board of advisers. We essentially hired him to be our boss, in terms of helping us with strategic decisions, setting priorities, and gaining perspective on events that would help us make better decisions. Mr. P has a…

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