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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 +The Client Seat (Coda #2)
Over a year ago, I thought I had put "The Client Seat" series here on Adam Smith, Esq., to bed. But many are the mysterious ways of law firms, and I learned this week I need to report a Coda #2. I have now learned I should never rule out a potential future Coda #3, or...
Observations from All Over
It may be a reflection on human nature, that such devices [checks and balances] should be necessary to control the abuses of government. But what is government itself, but the greatest of all reflections on human nature? If men were angels, no government would be...
AI in Law: Never? Some day? Now?
Well, it was comfortable while it lasted. I'm referring to the widespread attitude towards artificial intelligence in law, to the effect that we don't have to do anything about it yet because the technology has yet to prove itself. Some day, maybe, and we'll worry...
A “Premortem:” To Head Off the Post-
The Premortem “The premortem is a great idea. I mentioned it at Davos and the chairman of a large corporation said it was worth coming to Davos for. The beauty of the premortem is that it is very easy to do. My guess is that, in general, doing a premortem on a plan...
The Georgetown/Thomson-Reuters 2017 Report
From the foregoing analyses, it is apparent that the financial performance of law firms over the past 10 years has been driven by only one factor: rate increases. As we have seen, demand gowth for law firm services has been essentially flat, productivity has been...
