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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 +

Metrics That Might Matter #4: PPP

by | Sep 11, 2016 | 0 Comments

And now we come to the main event, the poisoned chalice bequeathed to us by Steven Brill. Let us proceed from the specific to the general, or if you prefer the structural to the symbolic. Are the reported numbers accurate? Silly question. We all know the answer to...

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Planning & Strategy Season

by | Aug 30, 2016 | 0 Comments

As we enter strategy, planning, and retreat season in advance of 2017, a quick recap of some of the ways we help our clients that they consistently find most valuable. Strategy In today's unforgiving marketplace, growing evidence points to the reality that firms...

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Metrics That Might Matter #3: PPL

by | Aug 17, 2016 | 2 Comments

Last year The American Lawyer introduced a new metric into its annual reports, “Profit per lawyer,” or PPL.  Briefly, here’s what they said about it back in April, the second year they calculated it: Introduced last year, this metric is an alternate way of looking at...

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Metrics That Might Matter #2: RPL

by | Aug 11, 2016 | 4 Comments

Spoiler alert: If you're looking for a hard-hitting expose of everything that's wrong with RPL, look elsewhere. I'm on record as saying that RPL is the most telling metric we have, and I stand by that with permission to amend, or permission to put all the stress on...

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Metrics That Might Matter #1: Against Revenue

by | Jul 28, 2016 | 0 Comments

This is the first part in a series I will audaciously and perhaps misguidedly and at the risk of over-promising call "Metrics that might matter." It's prompted, as many new creative efforts in human life, by frustration with the status quo. Our industry—BigLaw—is...

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