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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 +Yield Curve Alert
What is the "yield curve" and why should you care? Well, first off, it's not remotely the kind of topic we regularly write about on Adam Smith, Esq., because it seems far removed from "the economics of law firms," but then again, seemingly everywhere we go the last...
Is your Managing Partner afraid of the partners?
Yes, it happens. We’ve seen several situations where the firm’s Managing Partner or Chair can’t bring themselves to make decisions--some arguably critical to the firm’s prosperity and vibrancy in the long run--because they fear some partners will object. Some partners...
Happy Birthday, Adam Smith!
Born June 5, 1723, Kirkcaldy, Scotland: Died Edinburgh July 17, 1790, age 67. Of course few things are quite that simple. June 5 was the date his baptism was recorded at Kirkcaldy church, so his actual birthday was almost surely a bit earlier; but custom and...
The War for Talent Gets Teeth
Copious has been the coverage around Freshfields’ revised lockstep--for example, The Lawyer’s “Be careful what you wish for: First round of Freshfields partners hit by lockstep reform.” It turns out that no matter how resounding the endorsement of the partners for...
Letter from London
Our custom after trips of some substance is to report back to readers in the form of a “Letter From ____,” and since I spent all of last week in my Second Favorite City in the World, here you have it. Logistics and context I had 21 meetings in four days with a mix of...
