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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 +I Hope You’re Reading This in English
OK, so this has nothing to do with law firms per se; it's still fascinating (and we're allowed to have recess even while school is in session). The FT has an analytic/speculative piece comparing the economic performance in the post-WWII period of (a) the US, the...
“Worldly” Philosophers? Yes.
The world has just learned that Robert Heilbroner, author of the justly famous and best-selling The Worldly Philosophers: The Lives, Times, and Ideas of the Great Economic Thinkers, first published in 1953 and still in print, died here in Manhattan last week at age...
Get Big or Else?
If you believe Hildebrandt, there were 47 law firm mergers of significance last year. (The editorial insertion "of significance" is my own, because while Hildebrandt says they limit their sample to law firms of five or more attorneys, the private...
You Can Never Be Too Thin, Too Rich, or Too Well-Educated
If you believe that the merger wave is far from cresting and that the future promises a landscape of perhaps two or three dozen truly international mega-firms with revenues north of $1-billion/year—but you're currently at less than half that...
The Billable Hour is Dead: Long Live the Billable Hour
“I can’t think of a more important problem facing the profession,” Justice Breyer told Washington Lawyer, “than how to maintain a life for a young lawyer that will lead to satisfaction in his or her career, that will produce time for a family,...