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Using Porter’s (1980) generic strategy to define strategic positioning of law firms, this paper aims to explain why some law firms have more/less pay inequality than others do and examine the impact of pay inequality on law firms’ partners and the job satisfaction of their associates.

This paper uses data from The American Lawyer. The strategic positioning, compensation and job satisfaction scores of 614 firm-year observations of US law firms are hand-collected over the period from 2007 to 2016.

Non-equity partners at law firms with differentiation strategy (Porter, 1980) are more likely to build rainmaking ability than those at law firms relying on billable hours. As a result, law firms with differentiation strategy have a narrower pay gap between their equity and non-equity partners than those firms relying on billable hours. After controlling for the effects of strategy on pay inequality using two-stage and three-stage least squares models, this paper finds that a wider pay gap deprives associates of job satisfaction.

Considering strategic positioning, this paper validates why some law firms have more/less pay inequality and proves how pay inequality affects job satisfaction.

This qualitative analysis of interviews with over 100 executives studies the boundaries excluding most women from the most lucrative and powerful jobs in the financial services industry. This chapter examines the roles of technical knowledge and social capital in the highest levels in financial services firms. Although technical expertise is necessary for reaching midlevels, promotion to the highest levels requires that the executive can cultivate interfirm business networks to generate business, or make rain. The networks are male-dominated; women face particular challenges in permeating these networks and making them pay. To elicit men's trust and to get their business, unusually successful female executives adopt stereotyped, sexualized strategies that help their individual careers yet also reinforce the symbolic boundary excluding most women from top positions in financial services. The chapter also examines changes in these strategies over time. Compared to the stereotyped roles for female managers Kanter identified over 20 years ago, stereotypes of successful women today may be loosening, allowing female finance executives a bit more freedom in how they establish business relationships.

Job satisfaction along with a work–life balance of attorneys in law firms has become an important issue to the legal industry. This paper examines the relationship between strategic positioning of law firms and the job satisfaction of their associates.

Using 1,108 firm year observations of US law firms from 2007 to 2016, this paper examines how a firm's strategic positioning affects the job satisfaction of its associates. The strategic positioning is measured with two financial ratios derived from modified DuPont analysis: revenue per lawyer (RPL) and leverage (LEV). To compare the level of associates' job satisfaction depending on law firms' RPL and LEV, this paper uses t-tests. In addition, this paper adopts OLS regression and simultaneous equations to examine the relation between law firms' strategic positioning and their associates' job satisfaction.

This paper shows that associates in the law firms with a high LEV strategy have lower job satisfaction because these firms provide a more demanding work environment than in the firms with a high RPL strategy.

This paper first documents empirical evidence that a firm's strategic positioning significantly influences job satisfaction of its employees, using data on the legal industry which is human-capital-intensive and is considered one of the sectors that provide the most notorious work environments.

The purpose of this study is to evaluate rice farmers’ perceptions on the manifestations of the climate change and identify efficient strategies and determinants of adoption of these strategies in the Republic of Benin.

Surveys were conducted using participatory research appraisal tools and techniques, such as direct observation, individual interviews and field visits through a questionnaire for data collection. A total of 418 rice farmers across 39 villages located in the three climatic zones of the Republic of Benin were interviewed. Farmers’ perceptions, temperature from 1952 to 2018 and rainfall from 1960 to 2018 data obtained from meteorological stations were analysed using descriptive and inferences statistics.

All the surveyed farmers were aware of climate change and perceived diverse manifestations including the delay in rainfall regarded as the most important risk. They perceived that deforestation, no respect for the laws of nature and desacralization of morals, no respect for cultures and the traditional rainmakers are the main causes of climate change. The disruption of agricultural calendar and the reduction in rice yield were perceived as the main impacts of climate change in rice production. They used various approaches to adapt and mitigate climate change effects. The adoption of adaptation strategies was influenced either negatively or positively by the household size, land size, education level, membership to rice farmer’s association, training in rice production, access to extension services, use of improved varieties and the location in climatic zones.

For each climatic zone of the Republic of Benin, weather data were collected in only one meteorological station.

The study showed that it is important to educate rice farmers on the scientific causes of climate change for better resilience. There is an urgent need to train rice farmers in irrigation and water management techniques to cope with climate variability. To promote irrigation, the authors suggest the establishment of a subsidy and credit mechanism by the government. Factors that influenced adoption of efficient adaptation strategies to climate events must be taken into account for future adaptation policies in the Republic of Benin.

This study provided an overview of the perceptions and adaptations of rice farmers along the climatic gradient in the Republic of Benin. Therefore, the knowledge of the determining factors of the adaptation strategies used by rice farmers could be used in the setting up of effective climate change resilience policies in Benin.

The aim of this paper is to investigate whether or not political skill helps women working in a male-dominated environment to obtain positions with authority.

Surveys were emailed to female lawyers working full-time in a variety of law firms across the USA. Participants were 140 lawyers with an average of ten years of practicing law.

In support of their hypotheses, the authors found that when working in male-dominated organizations, women with high levels of political skill fared better than women with low levels of political skill in terms of obtaining positions with authority.

Because the research design was cross-sectional, direction of causality cannot be established. Second, common method bias may have affected the observed relationships.

Given that women with political skill may be able to recognize and break down the barriers that are especially present in male-dominated organizations, women and managers alike should consider training to help women understand and enhance their political skill.

This research highlights the particular challenge of workplace politics for women and presents political skill as a potential solution.

This research is the first to demonstrate the benefit of having political skill for women working in male-dominated organizations.

This chapter examines the sources of variation in organizational form among accounting and law firms. We first summarize research in the organization of professional service firms and explain its evolution. This is followed by the argument that variations around the P2 archetype have emerged in response to different market and institutional pressures faced by accounting and law firms. Drawing on contingency and institutional theory, we show how the changing balance between the influence of market and institutional factors has resulted in structural variation.

The aim of this chapter is to argue that charisma is a collective representation, and that charismatic authority is a social status that derives more from the “recognition” of the followers than from the “magnetism” of the leaders. I contend further that a close reading of Max Weber shows that he, too, saw charisma in this light.

I develop my argument by a close reading of many of the most relevant texts on the subject. This includes not only the renowned texts on this subject by Max Weber, but also many books and articles that interpret or criticize Weber’s views.

I pay exceptionally close attention to key arguments and texts, several of which have been overlooked in the past.

Writers for whom charisma is personal magnetism tend to assume that charismatic rule is natural and that the full realization of democratic norms is unlikely. Authority, in this view, emanates from rulers unbound by popular constraint. I argue that, in fact, authority draws both its mandate and its energy from the public, and that rulers depend on the loyalty of their subjects, which is never assured. So charismatic claimants are dependent on popular choice, not vice versa.

I advocate a “culturalist” interpretation of Weber, which runs counter to the dominant “personalist” account. Conventional interpreters, under the sway of theology or mass psychology, misread Weber as a romantic, for whom charisma is primal and undemocratic rule is destiny. This essay offers a counter-reading.

Experience with the 75 years of development of, and increasing reliance on, written standards of corporate financial reporting suggests that balancing them with community's social norms may be a better option. “True and fair” override of written standards could serve as the moral compass of financial reporting.

Although professionals and the professions are vital players in all economic and business areas, there is a chronic shortage of research on professionals and their organizations in emerging markets. The purpose of this paper is to explain many fascinating and vital opportunities for research in these areas.

As a framework the author uses the five categories of professional organization research developed by Brock et al. (2014); and as such discusses: organizational models and structures, micro-organizational issues, diversity, new professions, and societal issues. For each category the author begins with a recent news item concerning emerging market professionals, outlines underlying scholarly issues, and presents some examples of significant indicative research. Finally, the importance and opportunities for research in emerging economies is presented along with some examples and directions for future work.

This short essay has endeavoured to show the importance of research in professionals and professional organization, to explain its relevance to contemporary society in general, and to present a concomitant research agenda.

First, it is crucial to understand that professional work is vital to the development of all developing markets. Further, research into professional work and organizations in emerging markets is severely lacking. Finally, this essay explains five areas with special research potential, each with examples from the emerging market context, and presents directions for future work.