Michael Berchou’s Post

In a recent article featured in the 𝘙𝘰𝘤𝘩𝘦𝘴𝘵𝘦𝘳 𝘉𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘑𝘰𝘶𝘳𝘯𝘢𝘭, Harter Secrest & Emery partner Steven Y. Solomon explores the impacts of higher interest rates, labor issues, and more on small businesses. Despite obstacles, Solomon highlights optimism and innovation among clients. Click to read more. #labor #corporate #RBJ #smallbusiness

The firm’s revenue per lawyer was up 5.3%, about half the revenue gains, to $1.98 million, due to the firm’s head count expansion. The firm’s total attorney count was up 5.3% to 1,009 full-time equivalent lawyers in 2023. Average profits per equity partner were up 14.8%, even as its partnership count increased slightly (1.8%) to about 178 equity partners. Firm chair Brad Karp said profits were up for several reasons, including the firm getting a lot of “premium” transactional work. In all, net income for all equity partners rose nearly 17% to $1.17 billion.

📍 Thinking about your next business move? Southeastern North Carolina is calling! 🌟   🔍 Industry insider John Boyd reveals #WilmingtonNC as the top pick for East Coast corporate offices, boasting unbeatable costs compared to other locations.   🚀 Many businesses across diverse sectors have already discovered this hidden gem in NC and made the move. Is it time for your company to join them? Connect with us at ncse.org! 📰 Check out the full scoop from BNC in our comments below. #BusinessGrowth #SiteSelection #CorporateOffice #InvestInNC #NCSE #economicdevelopment #NorthCarolina

Take a deep dive into UK smaller companies with Paul Marriage, manager of Tellworth UK Smaller Companies, as we delve into the nuances of the small-cap sector: the impact of M&A, impact of falling interest rates, strained supply costs and the outlook for profit margins. Tellworth Investments https://lnkd.in/eTCeNEzw

Unlocking bigger pools of long term patient risk capital 🌇 for scale-up is probably the single biggest barrier to unlocking the full potential of UK Science, Technology & Innovation for UK prosperity & global resilience & sustainability. Delivering the Mansion House reforms 🌆announced by Jeremy Hunt HM Treasury is one key element. But we also need to *connect* capital with the extraordinary pipeline of potentially world class UK S+T scale-ups - so that the founder entrepreneurs, management teams & early stage investors start to prepare for scale-up in the UK, *and* the PEOPLE managing the newly unlocked pension funds & long term scale-up funds know & understand & trust each other. 🤝 Rebuilding that ecosystem of *soft* HUMAN capital of connected investors and entrepreneurs with a shared vision & mutual trust & understanding will not happen overnight. And can’t be forced by legislation. It will require serious sustained work by all involved to prepare the pitch. Key roles for British Private Equity & Venture Capital Association (BVCA) Enterprise Investment Scheme Association (EISA) LSEG (London Stock Exchange Group) City of London Corporation BioIndustry Association (BIA) The Pensions Regulator British Business Bank Department for Business and Trade Department for Science, Innovation and Technology Financial Conduct Authority ScaleUp Institute & many more …. #MansionHouse #scaleup #scienceandtechnology #innovationeconomy #InnovationNation

In today's edition of The New York Times, I discussed the 'strategic silence' of New York's business community in response to the indictment of Mayor Eric Adams. https://lnkd.in/ehWKCMRw "The business community must weigh a critical risk: cut ties now, or maintain them and risk future stigmatization." Maintaining relationships with indicted politicians still in power presents a complex dilemma. Businesses must balance the risk of being associated with a potentially convicted leader against the loss of political capital if they sever ties and the politician later recovers. Opting for strategic silence or other legitimizing strategies is a calculated choice. Columbia Business School Columbia University #NewYorkCityHall #BusinessandPolitics #CorporatePoliticalAction

Learn about the Chair of the Economic Development and Small Business Committee, Representative Jason Hoskins, in the latest in our spotlight series.  

In a recent article featured in the Rochester Business Journal, Harter Secrest & Emery LLP partner Steve Solomon explores the impacts of higher interest rates, labor issues, and more on small businesses. Despite obstacles, Solomon highlights optimism and innovation among clients. Click to read more. #labor #corporate #RBJ #smallbusiness

In this interview, Ying McGuire discusses how diversity initiatives are contributing to the success of our corporate members and our MBEs are contributing to our economy. Listen to the interview now at: https://lnkd.in/g3ZVMcya

So, yesterday…. I had the opportunity to deliver the keynote presentation at the pro-manchester Corporate Finance Lunch. 450 attendees, from the world of deal making, rainmaking, mergers and acquisitions, capital structuring and investment decisions. It was illuminating for me to listen to the panel that preceded my presentation, discuss the world of finance with predictions and forecasting. As I listened, I was reminded that at the heart of business should be a clear ‘Why’ of the work we do. That it’s ‘People’ who are at the end of every number, data point and statistic. We’re no doubt familiar with Simon Sinek’s Start with Why. It appears to me that it’s especially important to do so in the world of Finance where the risk of the ‘metric’ being the North Star, is more acute. I talked about the importance of Diversity and Inclusion in the Finance Sector. Referencing Mckinsey’s latest report on ‘Why Diversity Matters Even More’. Especially in a VUCA world. https://lnkd.in/eK_mF_7n That, in fact diversity and inclusion is not only a key driver of business performance, but it’s also good for society. It’s more than a ‘nice to have’ it’s a commercial imperative. I’d like to thank the team pro-manchester for the opportunity to share. Thanks to the brilliant Michelle Mullany and equally brilliant Danny Simpson FIOD for being willing to push the boundaries, broaden the conversation and expand into more uncharted territories. Great as always to see Sam Booth Rachel Tetlow and work with Julie Tunstall! If ever there were a city that can lead positive change and do so through Conscious Capitalism, it’s Manchester and the region of Greater Manchester. Home of the trade union movement, suffrage movement, and the cooperative movement. It’s in our collective DNA to use our nouse and know how- to improve people’s lives through social action and the power of business and trade. This is Manchester. We do things differently here! #diversityequityinclusion #courageousleadership #leadingwithpurpose #businessexcellence #goodbusinessmatters