Featured Article
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 +Fun With Rate Increases: How High is Too High?
A few days ago the intrepid and data-tropic Bloomberg Law reporter Roy Strom published Big law rates topping $2,000 leave value 'in the eye of the beholder.' Roy is a friend (disclosure!) but his story prompted some reflections hereabouts on "How high is too high?" ...
The Associate Attrition/Comp Wars: The Data is Just Plain Weird
Editor's Note: A modestly condensed version of this article was published a few weeks ago in Thomson Reuter's Forum magazine. It was the leading story for a week after it was published. We appreciate their courtesy in letting us republish a slightly longer version....
Happy Birthday, Adam Smith!
Well, OK, recordkeeping around births and deaths was approached a bit more casually 299 years ago, but June 5 is the consensus best guess. And here at Adam Smith, Esq., we are sticking to it!
Recession? Time for Scenario Planning!
This article was co-written with Janet Stanton, Partner. As you know, we have recently published our thoughts on the likelihood of a recession in the United States: Reasonably high, in a nutshell. We won’t rehearse our reasoning here in detail, but the root cause...