Featured Article
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 +My Kingdom for a Horse: The Psychology of Pricing
The following guest column is by Richard Hinwood, based in London. Richard is the Head of Strategy & Chief of Staff at Withers. As Head of Strategy, Richard leads the formulation and implementation of firm-wide strategy and business planning across the firm's...
A Parable of Client Service: Coda
A few weeks ago I related the tale of our abortive foray into changing wireless service providers from AT&T to Verizon, which provided rich material for reflections on client service. If you missed it, the original story is here. With dismay, I must report a...
Question of the Month #3: Best measure of law firm performance?
Steven Brill’s audacious decision to publish AmLaw profits per partner figures starting over three decades ago was without question the single most brilliant journalistic stroke Law Land trade media has ever experienced, creating an enduring franchise to this day....
Question of the Month #2: Report & Commentary
This column is by Janet Stanton, Partner, Adam Smith, Esq. The second Question of the Month was: "Does the partnership form remain the optimal structure for law firms?" This resulted from our musing a couple of years ago, “Would any corporation reorganize as a...
Beleaguered Business Professionals–Why You Should Fix This (Hint: It will improve your bottom line)
This article is by Janet Stanton, Partner, Adam Smith, Esq.: “Non-lawyers.” This is the prevailing term for business professionals employed at law firms. Really? Let’s just start with the fact that it’s insulting to be defined by what you are not. (Thought experiment:...
