The Billable Hour and [vs.?] Pricing AI-Driven Legal Services

A few weeks ago, we raised the topic with our friends at Thomson Reuters Legal Practice Management about what the consequences of a widespread deployment of Generative AI might portend for--you guessed it--the business of law firms, and in short order the conversation...

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The Fable of Starbucks

Few brands are more prominent in our daily lives (well, at least if you're a Western world urban dweller) than Starbucks.  Its rise to prominence has become standard-issue corporate lore: From its single Seattle store founding in 1971 to Howard Schultz's acquiring it...

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The Myth of the “Equity” Partner

This column is by Janet Stanton, Partner, Adam Smith, Esq. Let’s get something straight from the get-go: “Equity” as it is known in Law Land is a chimera.  Unlike in the other 98% of the economy, equity in Law Land is an illusion.  It has no intrinsic or market value...

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Can Something Be Irresistible and Irrational at the Same Time?

As we are all fellow members of the human race, I suspect you would join me in admitting that, yes, certain decisions and behaviors are indeed compelling (irresistible) and irrational (self-defeating from the perspective of the longer view).  We may not, indeed should...

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Summer Reading List 2024

In keeping with our tradition at Adam Smith, Esq. of publishing a summertime diversion in the form of a selective list of what we’ve been reading lately, herewith the 2024 installment.  Two novels  one collection of short stories, and two nonfiction volumes--one...

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Contact

Bruce MacEwen, President
Email
direct: +1.212.866.4800
mobile: .+1.212.866.2630
New York

Janet Stanton, Partner
Email
direct: +1.212.866.4270
New York

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