Question of the Month #4: Non-lawyer Ownership?

Our fourth question of the month. At this point, you know what to do. As always, please use the comments box to add thoughts, glosses, and, well, commentary. Is the prohibition against non-lawyers having an ownership interest in a law firm still a good idea? Yes, to...

Question of the Month #3: Best measure of law firm performance?

Steven Brill’s audacious decision to publish AmLaw profits per partner figures starting over three decades ago was without question the single most brilliant journalistic stroke Law Land trade media has ever experienced, creating an enduring franchise to this day....

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;...

Question of the Month: Report #1

This column written by Janet Stanton, Partner, Adam Smith, Esq., Quick reprise: Earlier this month we launched a new feature on Adam Smith, Esq.: The question of the month. The inaugural question was: Is “origination” just a nicer term for “sales commission?” If so,...
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