One Generation Firms

Janet Stanton co-authored this article.   Corporate endurance should not be an end in itself. That said, in a very real sense, survival is the ultimate performance measure. –Ian Davis, Managing Director, McKinsey, writing in Reflections on Corporate...

Question of the Month: Succession Planning

“The Church is always one generation away from extinction.”—Archbishop of Canterbury According to the 2018 Citi Law Firm Group Client Advisory, one-third of equity partners are at or approaching retirement age Citi’s 2018 Report also has this to say: “Looking ahead,...

Is BigLaw One Business, or Two?

I’m coming to the conclusion that BigLaw is not one business, but two different businesses.  Some firms (a minority) are in one business, but most firms are in another business entirely. Note what I am not saying:  I’m not saying some firms have one business model and...

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....

The Introduction to “Tomorrowland”

Many readers will know that this past spring I published my third book, Tomorrowland: Scenarios for law firms beyond the horizon. With the author’s permission, I reproduce here the Introduction to Tomorrowland.  I hope you might find it of interest. The future...

Tenerife

Forty years ago last March what remains the greatest disaster in aviation history occurred at Tenerife in the Canary Islands.  Human error was the primary cause. 583 people were killed (61 survived, or a 90% fatality rate) when two Boeing 747s – one belonging to...
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