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 +

The Social Compact

The lawyer personality type scores notoriously high on "autonomy."  Certainly compared to average citizens, but even to average white-collar professionals, lawyers are driven to do their own thing their own way.  You see it all day every day if you hang out around...

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Merry Christmas to All!

A warm and joyful Christmas, Boxing Day, Kwanzaa, Winter Solstice, etc., to all of you, faithful readers, as we prepare to turn the page on the calendar. For me, the surpassing Gift of St. Nicholas this past year has been the responses you have provided to our...

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Let’s hear it for AI hype

AI in law is the new Innovation.   The industry press can't write enough about it, law firm leaders and GC's have to be seen as in the vanguard, vendors (of course!) can't tout it enough, and no one, it seems, can worry about what it means for their future career...

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Only Six Types of Successful Acquisitions?

According to the self-assured analysis of McKinsey, there are only six types of successful acquisitions.  Cutting directly to the chase, they are: Improving the target firm's performance; Removing industry excess capacity; Creating market access for services;...

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You Don’t Want Leaders, and You’re Not Getting Them

We don't often write purposefully on the topic of leadership, if for no other reason than it's hard for most people to get past, "I know it when I see it," but more substantively because we think it perfuses so much of our writing and thinking.  But we have not taken...

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