The End of Leverage?

More so of late, but for some time, we’ve been harboring the suspicion that the glory days of the high-leverage model are over.  Could we be seeing the end of leverage? Of course, many management fads fashions tend to come and go, which is why we at Adam Smith, Esq.... read more +

What Do the AmLaw Numbers Really Show?

With the kind permission of Thomson Reuters, I republish the following article which appears in the most recent edition of their Forum magazine. What are we to make of the recently released 2016 AmLaw 100 numbers?  “Rather impressive,” as AmLaw put it in their May... read more +

An Iron Fist in the Velvet Glove of Associate Pay?

Across the pond from New York our friend Alex Novarese, editor in chief of Legal Business, just published his commentary Associate pay smoke screen: it’s fooling no-one, which notes “the emergence over the last two years of suspiciously co-ordinated attempts by London... read more +

Question of the Month #5: De-equitizing Partners?

We intend October’s “Question of the Month” to squarely address an issue laden with financial and emotional repercussions.  But we have surpassing confidence that Adam Smith, Esq.’s intrepid readers are up to it. Without further ado, then: De-equitizing partners:... read more +

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Janet Stanton, Partner
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