Question of the Month #2: Report & Commentary

This column is by Janet Stanton, Partner, Adam Smith, Esq. The second Question of the Month was: “Does the partnership form remain the optimal structure for law firms?” This resulted from our musing a couple of years ago, “Would any corporation reorganize...

Question of the Month

Over the past few decades, every other sizable sector of the professional services industry has switched wholesale from being organized as partnerships to being organized as corporations.  This includes: Management consultants, such as McKinsey, BCG, and Bain;...

Succession Planning 101

Coming to the fore more prominently these days across a large portion of firms we work with and the industry overall is the issue of succession planning. It comes up in one or both of two contexts, (a) transitioning key client relationships from incumbent partners to...

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...

Size Matters Not So Much

This is a guest column by a very good friend of Adam Smith, Esq., Richard Rapp, who was President and CEO of NERA Economic Consulting for 18 years (1988-2005), during which time the firm grew to global scale.  Richard now co-heads Veltro Advisors, a law firm...
close

Sign-up for email

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