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Our Existential Moment

Here at Adam Smith, Esq. our robust, and for 20+ years inviolate, policy has been never to comment on current affairs.  That ends today. We value no civic principle more highly than the primacy of the Rule of Law. And we have long had the luxury of being able to take... read more +

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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The Economics of Superstars

by | Oct 5, 2023 | 3 Comments

“Ripped from the headlines,” as the cliche-inclined might say, we have this from The American Lawyer in the past week or so:  Elite Firms Revisit Comp Formulas as Star Talent Has 'Extraordinary Leverage'   Some highlights: According to Kent Zimmerman over at...

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Genesis of “Adam Smith, Esq.” as Our Firm’s Name

by | Sep 17, 2023 | 1 Comment

Over this past summer, a client, who has become a friend, asked us what the “back story” is behind the name of our firm.  (Presumably he found the name ingenious or bizarre or some combination thereof.)  Be that as it may, after we explained the origin he said he...

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