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...

Litigation Boutiques Have Issues, Too

Over the past year or two, we’ve been working with what struck us as a high number of litigation boutiques, and we decided to pause and gather our thoughts for, we can always hope, the benefit of a wider audience. Semantics first:  By “litigation boutique,” if it’s...

The Decline of Litigation? Part 3

At the outset of this series, I explicitly said that I am not implying that disputes in the world were declining,  just that revenue to law firms from the litigation practice would decline. But it never hurts to ask. So again our good friends at Thomson Reuters said...

The Decline of Litigation? Part 2

We haven’t talked yet about realization.  Shall we? The first time I saw this chart, it hit me between the eyes; your reaction may be similar.  In a nutshell: Even if litigation “demand” is more or less steady, what about revenue to law firms from that demand? In...
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