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The 2024 Nobel Prize in Economics Goes To…..

The Nobel in Econ (a/k/a The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel) for 2024 was awarded a few days ago to Daron Acemoglu and Simon Johnson of MIT and to James Robinson of the University of Chicago. Here at Adam Smith, Esq., we try to... read more +

Introducing the Maroons & the Grays: Part 1

by | Jun 3, 2019 | 5 Comments

We have never subscribed to the belief that law firms operate in a fundamentally undifferentiated industry—that each law firm competes with every other law firm—and that given the magic alignment of expertise, cost, and personal rapport, clients’ choice of law firms...

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Is Software Going to Eat Your World?

by | May 31, 2019 | 1 Comment

Eight years ago, Marc Andreessen wrote that "software is eating the world."  Notably, he wasn't specific about what geographies it had already consumed and where it was going next. Today I'd like to suggest that whether this software feast is going to be good for you...

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Our Culture of Individualism

by | May 14, 2019 | 3 Comments

A week or two ago I picked up a copy of David Brooks' latest, The Second Mountain: The Quest for a Moral Life, and while this is not a book review or anything like it (I confess that I'm just a few chapters into it so far), early on he offers a few observations on our...

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Is Your Firm a Pyramid or a Diamond?

by | May 9, 2019 | 6 Comments

We have written before about the profession's seeming disconnect between how people perceive the typical law firm, in terms of lawyer career-level distribution, and reality.  The perception, from history, is that of a relatively small number of partners on top of a...

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