Game the Numbers? Moi?

Profits per partner?  Would that be equity-only or equity and non-equity?   How about revenue per lawyer?  And have you accounted for recourse and non-recourse debt?  Don’t New York billing rates skew the numbers? And, most important, is the...

Turning SOX Into Lemonade

Price Waterhouse Coopers has a thoughtful, and lengthy, whitepaper laying out their vision of a "Governance, Risk, and Compliance Operating Model" (it’s consultant-speak; they can’t help themselves) which actually embodies a belief I’ve...

Nobody Ever Got Fired for Hiring Skadden

In what it would be convenient to characterize as more evidence in favor of the consolidation trend mentioned in the Wilmer-Cutler/Hale & Dorr posting, this article discusses New York firms’ successful invasion of Silicon Valley.  They have opened new...

Welcome to the AmLaw Top Ten

One of the last things I intend to do with this blog is to report on breaking news, but the Wilmer-Cutler/Hale & Dorr merger is worth a few words. The merger is being commonly described as "offensive," to differentiate it from the more common...

Be Grateful to Your Competitors

The McKinsey Quarterly has a feature asking why poor countries, to a depressing degree, remain poor:  Their answer is the "Power of Productivity." But wait, don’t we already know how to help poor countries?  Let’s look at the...

Still, the Billable Hour Refuses to Die

What five questions does the managing partner of Arnold & Porter think his corporate clients should ask about the firm—but none ever has?  How are associates and partners compensated, for starters.  And if associate bonuses are a function of...
close

Sign-up for email

Be the first to learn of Adam Smith, Esq. invitation-only events, surveys, and reports.