“Disagree and Commit”

Are you, like me, beginning to feel sorry for the traditional retail industry? Lately, the litany of bad-news stories has become relentless. (Yes, I just wrote about this from a different angle; today I have a different theme.) The latest synchrony of doom and gloom...

Show Me the Money (??)

One of the things we do a lot of here—and seemingly more of in the past 24 months or so—is helping firms sort out, reform, amend, optimize, throw-away-and-start-fresh, their partnership compensation systems. And in every engagement of that sort, we try to keep two...

La Republica Interviews Adam Smith, Esq. in Bogota

Recently we had the pleasure to announce the arrival of Antonio Leal Holguin as a Director of Adam Smith, Esq., based primarily in Bogota, Colombia. La Republica published an interview with Antonio this morning; it’s one of, if not the, most widely read...

The Original Firm Culture

What do you think this describes? “a set of basic tacit assumptions about how the world is and ought to be that is shared by a set of people and determines their perceptions, thoughts, feelings and, to some degree, their overt behavior.” If you guessed...

Imagine if Pres. Trump Tweeted You Out on This

Q: What could put your firm at severe peril of failure that has nothing to do with clients, markets, bank debt, partner flight, infighting at the top, or any of the other usual suspects? A: A cybersecurity breach of your systems exposing confidential client info. Yes,...

Tepid Can Kill You

You deem the following quote: Surprising, because your partners are totally game for whatever changes the rapidly evolving world is throwing at your firm; Utterly familiar—depressingly so; The ace you have up your sleeve as Managing Partner when it’s simpler to...
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