Featured Article
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 +Non-equities: Your Problem Tier?
The following article is by Janet Stanton, Partner, Adam Smith, Esq. LLC. Quite simply, our reason for exploring the non-equity tier is that (a) there has been explosive growth in that cohort and (b) we’ve not seen recent, comprehensive examination of this phenomenon....
“Private Equity!” Sure, But What’s Wrong With “Private Credit?”
While you were out--staring at the window for the 39th time wondering how private equity seems to have taken over the world, perchance?--relatively few have noticed, until the odd recent headline here and there, about the seemingly sudden arrival on the FinWorld scene...
A Summer Diversion (Adam Smith included)
From the wide-ranging and customarily sane Virginia Postrel over at Reason comes a summer bijou: Gadgets and gizmos from Adam Smith's time. Let's start with what the self-respecting man about town might have carried with him as he set out for the day. First and all...
Summer Reading List
In keeping with our custom at Adam Smith, Esq. of publishing a summertime diversion in the form of a selective list of what we’ve been reading lately, herewith the 2023 installment: two novels and two nonfiction volumes that have had a prominent places on our...
The Maroons & The Grays: The Next Chapter
It has been four years since we initially published our series laying out a law firm market segmentation model we called the “Maroons & The Grays,”[1] and four years on is none too soon for an update. No model is, or should be, static, and as we have worked with...
