by Bruce | July 30, 2023 | Adam Smith Himself, Articles, Just Plain Interesting
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....
by Bruce | July 23, 2023 | About the Site, Articles, Book Reviews, Just Plain Interesting
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...
by Bruce | July 16, 2023 | Articles, Branding, Business Models, Cultural Considerations, Finance, Leadership, Partnership Structures, Strategic Client Management, Strategy
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...
by Bruce | July 3, 2023 | Articles, Ineffable, Just Plain Interesting
America! America! God mend thine every flaw, confirm they soul in self-control, thy liberty in law. O Beautiful for Spacious Skies, Materna, composed by Katharine Lee Bates, 1893 (second verse, third and fourth stanzas)
by Bruce | June 20, 2023 | Articles, Branding, Business Models, Client Relationships, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Recruiting, Strategic Client Management, Strategy
Something that feels structurally different seems to have developed in the lateral market. The ambition of this essay is to describe what we think it is, why it has developed, and what it portends for the future of BigLaw. Plus, with any luck, some ideas or at least...
