Featured Article
Milton Friedman: “Inflation is always and everywhere a monetary phenomenon”
This is another installment in our series of profiles of leading economists from Capitalism and its Critics. Milton Friedman was born in Brooklyn in 1912 and died in San Francisco in 2006 at age 94. He is known as the primary apostle of monetarism, which is the... read more +The Long-Running Soap Opera Must End
"From pace-setter to basket case in the United States?" Shall we all guess what firm got stuck with that donkey-tail over at law.com? Alas, of course, it was Clifford-Chance. The questions du jour are (1) what went wrong? (not so we can...
The JD/MBA: Worth It? To You? To Your Firm?
The Indiana Unversity School of Law—Bloomington is in the process of streamlining its JD/MBA program with the Kelley School of Business. The overall goal is to encourage more students—whether they "start" on the law-school side or the...
Moore’s Law vs. Flesh & Blood
Most of the ink on the topic of outsourcing by law firms has been understandably devoted to back-office functions such as HR and tech support desks. I view the trend to house these functions elsewhere than in, say, midtown Manhattan, as eminently sensible and...
Don’t Take My Lockstep Away
I have often written on the tension between lockstep compensation and eat-what-you-kill, and I'm coming to the view that a nuanced, subjective, and openly ad hoc approach is probably the best, all things considered. Each of the polar end-points on that spectrum...
“There’s No Crying in Baseball”
Cut me a break on this one, folks. Opening Day is scant weeks away, but all the baseball headlines are about lately are steroids, Congressional inquiries, allegations and denials, asterisk'ed records, and taking-the-Fifth's. But sometimes, from a situation that...