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How High the Sky?

We’re in the thick of BigLaw’s year-end earnings season, where firms left and right are reporting their FY2024 financial results.  The numbers of greatest interest from a macro-industry perspective–setting aside the perennial gossip-intensive zero... read more +

Three Cheers for Black Box Comp

by | Feb 1, 2024 | 2 Comments

When it comes to partner pay, the first thing everyone salaciously wants to know is “how high is up?”  And second by a nose is probably “Who’s on top and by how much, especially compared to me?” Please, people, we can do better than this. (You have to admit it sounds...

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Who Needs To Be Listening To Your Clients? You do.

by | Jan 17, 2024 | 5 Comments

The following column is by Janet Stanton, Partner, Adam Smith, Esq. For unfathomable reasons many law firms and lawyers eschew client feedback. The reason we’re baffled by this is that at its most basic, the business of law firms is to serve client’s needs.  Let me...

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The Associate Salary Wars Yet Again

by | Dec 18, 2023 | 2 Comments

“Cravath To A Million Squillion!” Sorry, but we’ve seen this dance so many times before that, you have to admit, we all know the script by heart.  Cravath (or other blue chip firm [insert here]) bumps up associates’ salaries across the board by an average of...

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RIP Stroock (1876–2023)

by | Nov 16, 2023 | 0 Comments

Irish BIshop George Berkeley (1685--1753) famously asked, "if a tree falls in the forest and no one is present to hear it, would there be a sound?"  His notion is neither as cutesy nor as vexed as it might strike you, but a snappy and memorable encapsulation in...

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