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The 2024 Nobel Prize in Economics Goes To…..

The Nobel in Econ (a/k/a The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel) for 2024 was awarded a few days ago to Daron Acemoglu and Simon Johnson of MIT and to James Robinson of the University of Chicago. Here at Adam Smith, Esq., we try to... read more +

The US is a Net (Im/Ex?)Porter of Law?

by | May 24, 2021 | 0 Comments

For the armchair economists in the crowd, the geopolitically curious, or faithful leaders of law firms wondering whether they should plant a, or more, flags abroad, how would you instinctively answer that question?  Does the US sell more legal services abroad than it...

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Legal Services “Intensity” Around the Globe

by | May 12, 2021 | 4 Comments

We find ourselves from time to time wondering about many things: Will Moore's Law ever hit a wall? When will the last print edition of The New York Times be published? Could Lord General Cornwallis have escaped the French/American pincer movement at Yorktown and gone...

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Earnings Season: What Would the Haruspex* Say?

by | May 6, 2021 | 0 Comments

Every year around this time—earnings season for law firms—we’re fond of saying, “Averages mislead.” When the trade media report that, overall the entire industry had a great year, or the AmLaw 50/100/200 had a great year, or regional middle market players (fill in the...

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You’ll Save $$ on Real Estate: So??

by | Mar 29, 2021 | 2 Comments

Universally, everyone is hearing that firms plan to make significant cuts in real estate spend starting, well, starting as soon as the next office lease comes up for renewal. How “substantial” might those cuts be? You would think a massive and sophisticated industry...

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