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Summer Reading List 2025

In keeping with our tradition at Adam Smith, Esq. of publishing a summertime diversion in the form of a selective list of what we’ve been reading lately, herewith the 2025 installment: Fiction, nonfiction, and one millennia-old classic. Our hope is that you might find... read more +

Your Guide to Change Management

by | Feb 21, 2019 | 0 Comments

Lurking in the wings, if not center-stage, in almost everything we do in our work with clients--and I imagine something similar  holds true in the work of many of you, invaluable readers--is the nebulous and unclear, but mostly ominous-sounding, notion of Change...

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The Nature of the Firm

by | Jan 30, 2019 | 1 Comment

My title for today steals literally from Ronald Coase's legendary 1937 paper of the same name, which gained Coase the Nobel in Economics in 1991.  The paper, barely over a dozen pages long, asks the question, childlike in its simplicity, "why do firms exist?"  In...

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The Big Three Annual Reports: Thomson-Reuters/Georgetown

by | Jan 15, 2019 | 0 Comments

Having discussed the Citi/Hildebrandt annual client advisory, we now turn to the Thomson-Reuters/Georgetown Report on the State of the Legal Market for 2018. If Citi's editorial tone tends to be rather celebratory of good news, Thomson-Reuters' tends in the opposite...

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The Big Three Annual Reports: Citi/Hildebrandt

by | Jan 10, 2019 | 0 Comments

Two of the Big Three Annual Reports on the state of Law Land are now out and it’s time for a survey of the horizon and some perspective.  (The Big Three are the Altman-Weil “Law Firms in Transition” report [not yet released], the Citi/Hildebrandt annual client...

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Question of the Month: Why Aren’t Law Firms Bought & Sold?

by | Jan 7, 2019 | 5 Comments

This column is by Janet Stanton, Partner, Adam Smith, Esq. Why doesn't $$ change hands when law firms merge or when one takes over another? (We're not talking about solo or tiny practitioners selling their practices to a successor; that's like buying the corner...

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