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Scale Matters
In the past we have written that for law firms scale—number of partners and total lawyers, number of offices, total revenue, &c.—doesn’t really matter. The distinctions that clients care about center around specific domain/practice area expertise, track record, a... read more +The Ballad of Kanye and Kyrie
Memory does not recall these pages ever featuring or even mentioning a rap star or a basketball star, but we are confident that our readers have wide-ranging and catholic tastes so we are sailing forth here undaunted. Plus, there should be a first time for...
Apologies for the Site Being Down Yesterday
A technical issue took us offline for the greater part of 24 hours. Our apologies. The issue was caused by our hosting service, a nationally recognized brand (they have run Super Bowl ads), with whom we had been for many many years, performing unexpected,...
“Adam Smith’s America,” Glory Liu: Book Review
Across my desk a couple of weeks ago came an advance copy of Glory Liu's Adam Smith's America: How a Scottish Philosopher Became an Icon of American Capitalism (Princeton University Press, Princeton & Oxford: 2022). The author, although a new name to me, is far...
The 2022 Nobel Prize in Economics
And the winner of the 2022 Nobel prize in economics is... Ben Bernanke! Or, as The New York Times reported somewhat more formally: The Nobel Memorial Prize in Economic Sciences was awarded on Monday to Ben S. Bernanke, the former Federal Reserve chair, and two other...
Your Comp Plan Motivates All the Right Behaviors (You Sure About That?)
We've worked with a lot of law firms over the years and an evergreen topic of discussion is their partner compensation plan--how it's structured overall, if it's aligned to the firm's strategy, and then all the devilish details to be worked out: where it fits on the...