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Our Existential Moment

Here at Adam Smith, Esq. our robust, and for 20+ years inviolate, policy has been never to comment on current affairs.  That ends today. We value no civic principle more highly than the primacy of the Rule of Law. And we have long had the luxury of being able to take... read more +

Captive ALSP’s Are a Dead End: Discuss

by | Oct 30, 2021 | 0 Comments

This is our original unedited version of an article which our friends at Thomson Reuters' Forum magazine were kind enough to print in the current issue.  Now that they have had it exclusively for a suitable grace period, we reproduce it below for readers of Adam...

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Tales from the Client Service Front

by | Oct 22, 2021 | 3 Comments

We've had our corporate checking account with Bank of America for over 15 years.  This is the story of why it's no longer there. A few weeks backI got a letter in the mail from BofA and luckily did not toss it aside unopened as very-likely-spam.  It announced that our...

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Fun With Numbers: Global Edition

by | Oct 8, 2021 | 0 Comments

ALM recently released its “2021 Global 200” law firms.  (The “2021” rankings reflect FY 2020 results, as is ALM’s somewhat perverse custom.)  These are, by their count, the largest 200 firms in the world by revenue.   They also released the “2021 Global” firms ranked...

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Travel (??–!!)

by | Oct 8, 2021 | 0 Comments

A brief note from the Publisher:  Apologies to all our loyal readers for not having published anything new for a few weeks, but believe it or not that's because business travel has actually been back in the calendar.  (Together with all the pre-prep that entails and...

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Credit Suisse and the Failure of Complex Systems

by | Sep 8, 2021 | 1 Comment

A few weeks ago, the investigation Credit Suisse commissioned Paul Weiss to undertake into how the bank's relationship with Archegos Capital Management went so wrong--inflicting $5.5 billion of losses on Credit Suisse and a total of $10-billion in losses across the...

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