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Shout Out to Kirkland
This column is by Janet Stanton, Partner, Adam Smith, Esq. We generally eschew commenting on daily comings-and-goings in Law Land. We make an exception here, because this is actually huge news. I’m speaking about Kirkland’s decision to stop disclosing financial info... read more +Mammals & Dinosaurs Co-Existing
Among the AmLaw 200, mergers are in the air. Like it or not, this seems to be the reality we are facing: Consolidation. I've addressed the "fact" of this trend before (I think it's safe to say at this point that it's a fact—Hildebrandt...
“One from Column A,….”
Here are three rankings of top firms, all published this month. Any ideas on which is what? Ranking A Firm Ranking B Firm Ranking C Firm 1 Wachtell 1 Cravath 1 Wachtel 2 Cahill Gordon 2 Wachtel 2 Cravath 3 Sullivan & Cromwell 3 Sullivan & Cromwell 3...
The Bay of Pigs vs. The Cuban Missile Crisis: Lessons Learned?
How do you make decisions? By that I mean, when facing a material strategic (a/k/a "big") decision, who do you involve and what is the process you use to decide? (Don't pretend to blanche at the word "process"—lawyers are all about process, as you darned well know.)...
Why is Your Firm Still a Partnership?
Why are law firms partnerships? After all, across the rest of the economy, corporations are more than dominant; they own the landscape. Ever seen a trucking company, a retail chain, or even your friendly local locksmith shop organized as a partnership? ...
Where Are The Non-AmLaw 100 Firms?
It takes little discernment to conclude that "Adam Smith, Esq." could be more appropriately subtitled "...an inquiry into the economics of [Big] law firms."* Not only would this conclusion be correct, but since I know for a fact that you,...