Articles

How Reliable are the AmLaw Numbers?

The AmLaw rankings have been with us for over thirty years, and despite the evergreen complaints about their design, purpose, impact, and reliability, to our knowledge no one has ever tried to systematically ask AmLaw firms themselves whether and to what extent they actually comply in reporting accurate data.  We think it’s time to take a look. We
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Articles, Finance, Partnership Structures, Recruiting

What’s Your Cyber-Security Posture? (2)

Herewith the second installment of Doug Caddell’s essay on cyber-security. We closed part one of this article by stating that improving your cyber security posture was about managing risk, and that risk will be dependent upon your firm and how you measure the various risks to your business.  We also said that we can’t protect
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Articles, Technology strategy

A Client Value Guarantee?

Today I want to discuss what, I imagine, many readers will thing is a hare-brained idea; and then I want to explain why, if you adopted this idea, your own behavior would change such that it might not end up being hare-brained in the least. Both dimensions of this discussion, I believe, have value, although
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Articles, Business Models, Client Relationships, Finance, Marketing, Practice Group Management

What’s Your Cyber-Security Posture?

The following article is by Doug Caddell, a Senior Advisor at Adam Smith Esq. and a former Global 50 CIO.  He is a certified Information Governance Professional (IGP) and a Certified Information Systems Security Professional (CISSP). As I sat down to write this article I thought of all the other cyber security articles that I’ve
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Articles, Technology strategy

R&D for law firms: Can we learn from Corporate America?

Today’s column is by Janet Stanton, Partner, Adam Smith, Esq. It’s a truth universally acknowledged that Law Land resists change like the plague. And, yes, this is pretty widely attributed to the phenom known as the “lawyer personality,” characterized by an almost pathological aversion to risk.  But let’s unpack this a bit to better understand
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Articles, Finance, Leadership, Strategy, Technology strategy

Designing the Future Law Firm

You may have heard about the Business Leadership Summit being organized by The Lawyer, taking place in London September 22—23. (More information here; registration here.) The theme is “embracing change in the delivery of legal services,” and here are are a few of the highlights: The keynote speaker on Day 2 will be Peter Kalis,
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Articles, Business Models, Finance, Partnership Structures, Strategy

The Client Seat (3)

The doughty team from St. Michael’s Episcopal is now roughly two months into our engagement of an AmLaw 100 firm to help assess the zoning, land use, “open space,” and other issues surrounding our vacant corner lot and opportunities for development. (Earlier installments in this series are first here and second here.) Attentive readers may
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Articles, Client Relationships

Last Chance to Take the “Collaboration” Survey

The polls will close this coming Friday, July 15th, at 6:00 pm New York time. Take the survey before time runs out! Remember: It only takes three to five minutes, and when you complete it you can voluntarily enter a random drawing to win one of two $50 gift cards.

Articles

IBM Watson & Machine Learning

Last week here in New York we had the opportunity to invite a couple of dozen law firms to “An Introduction to IBM Watson” at the brand new $1-billion IBM Watson facility down on Astor Place. This is not going to be a report on that event, except insofar as it helped advance our thinking
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Articles, Leadership, Strategy, Technology strategy

Happy 4th!

Articles