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Joseph Stiglitz: Can Free Trade Go Too Far?
Continuing our series on prominent economists from the Industrial Revolution to AI, drawing liberally on the impressive accomplishment of John Cassidy’s Capitalism and its Critics: A History: From the Industrial Revolution to AI (John Cassidy, Farrar, Strauss and... read more +Four Powerful New Capabilities: Adapt or….
Yesterday's post about the Hildebrandt/Citigroup annual 2004 recap said nothing about a topic they dwelt on which I deemed sufficiently distinct and newsworthy in itself to merit separate commentary. Specifically, they cited four developments in firm structure and...
2004 in Review and a Wild Card for 2005
Hildebrandt and The Law Firm Group of the Citigroup Private Bank, with help from Baker-Robbins, are out with their 2004 year-in-review together with some prognostications for 2005. The New York Times, in its wisdom, headlined the story, "Partnerships More...
How Profitable Is Our Group? Who Cares!
Now that we all have religion about organizing firms by practice groups (well, most of us, anyway), the next logical question is, to paraphrase Ed Koch, "How are we doin'?" In other words, which practice groups are the strong economic engines driving...
Christo’s “The Gates:” Take Two
I put an on-line "photo album" up about "The Gates" installation in Central Park. Check it out. You still have today, Saturday, and Sunday to experience them in person: preposterous, insane, magical, joyous—brings out the child in every...
Laterals as “Mini-Mergers”
If you asked us to name one seminal development that "changed everything" in terms of law firm economics between the stasis model of the 1950's and the dynamic model of the 1990's, we'd say it was the creation of a market for lateral partner mobility. ...