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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 +Memorial Day
The US is a Net (Im/Ex?)Porter of Law?
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...
Legal Services “Intensity” Around the Globe
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...
Earnings Season: What Would the Haruspex* Say?
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...
Book Review: “BigLaw: Money & Meaning in the Modern Law Firm”
Across my desk a few weeks ago came BigLaw: Money & Meaning in the Modern Law Firm by Mitt Regan and Lisa Rohrer (U. Chicago Press: 2021). (I have known Mitt, a law Professor at Georgetown, for over a decade, and consider him a friend, as well as one of the most...