February 2018 Question of the Month: Origination Is ____?

You know what to do!  Please use the comments box at the bottom for any additional thoughts or observations.   The most accurate way to characterize origination credit is: A necessary and proper economic incentive for business development A just and fair...

The 2018 Thomson Reuters/Georgetown Report on Law Land

Our friends at Thomson Reuters Legal Executive Institute asked us if we might share some thoughts with them on this year’s always enlightening and probing Report on the State of the Legal Market and they published our reflections a few days ago. We are delighted...

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...

Reflections of a GC

In the spirit of generosity, which I hope is an active presence in your life but which is conspicuously abroad at this time of year, a regular reader granted me permission to share some of his reflections prompted by the recent column, “The End of...

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...
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