The Georgetown/Thomson-Reuters 2017 Report

From the foregoing analyses, it is apparent that the financial performance of law firms over the past 10 years has been driven by only one factor: rate increases. As we have seen, demand gowth for law firm services has been essentially flat, productivity has been...

Now What? (Hint: Growth Is Dead)

It’s become a commonplace to observe that Law Land has entered a period of negligible overall real growth in demand. (Five years ago I published Growth Is Dead: Now What?, which at the time prompted a fair amount of skepticism, a perspective on the book which...

Tepid Can Kill You

You deem the following quote: Surprising, because your partners are totally game for whatever changes the rapidly evolving world is throwing at your firm; Utterly familiar—depressingly so; The ace you have up your sleeve as Managing Partner when it’s simpler to...

The Fatal Shore

Nearly 20 years ago Robert Hughes published The Fatal Shore: The Epic of Australia’s Founding, still perhaps the definitive historical treatise on Australia’s founding from the continent’s discovery by the West to Britain’s decision to...

Time Capsule

In connection with an ongoing research/whitepaper project, further about which affiant sayeth not, I had occasion to look at the Original AmLaw 50 from 1985. Here are the first three columns: Rank, firm, and gross revenue: Aside from the historic time warp we...

Globalization Forever?

Along with Brexit and the apparently unsinkable Trump, another surprise has been brewing on the world stage and I hope you’ve noticed. Globalization—measured by the most fundamental and reliable metric, crossborder trade volume—has ended its ever upward...
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