Featured Article
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 +“IRR” vs. “NPV” and What You Need to Know
For those of us who've spent some time in MBA school, the investment-evaluation metrics called "IRR" (Internal Rate of Return) and "NPV" (Net Present Value) are extremely familiar. Your HP 12C calculates them faithfully. Leave it to McKinsey...
From Bauhaus to Your House
Novelists questioned about how they write, and more specifically about how they come up with their plots, sometimes respond to the effect that, "The characters took on a life of their own; they told me what they were going to do next." I occasionally have...
What’s Wrong with a One-Company Town?
What's the biggest challenge for a Washington, DC-based firm that wants to grow? The lack of any meaningful transactional practice in their own backyard. To be sure, regulatory, antitrust, and litigation work are strong, but a claim to national, much less...
You Can’t Make This Up
Bar exam hypothetical: A two-lawyer, one-secretary firm is handling a malpractice case against a bankrupt hospital. In September a key deadline in the matter—when claims must be filed to be recognized as pre-bankruptcy and therefore entitled to...
One in Twelve of your Brethren at Risk?
Will 8% of all lawyer jobs be "outsourced" by 2015? So Forrester Research would have it. GE's inhouse department claims to have already saved $2-million by putting eight lawyers and nine paralegals in Gurgaon, India. So the (financial)...