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Happy Thanksgiving!

by Bruce | November 28, 2024 | Articles, Just Plain Interesting

The 2024 Nobel Prize in Economics Goes To…..

by Bruce | October 27, 2024 | Articles, Cultural Considerations, Profiles of Individuals

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...

Single Tier is Dead: Long Live Single Tier

by Bruce | October 15, 2024 | Articles, Business Models, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management

Comes word that Cleary Gottlieb is abandoning its increasingly rarefied “single tier” status and will begin naming Non Equity Partners “with  immediate effect.”  The intrepid Roy Strom of Bloomberg Law has the story: Cleary recognizes the “innovation and adaptation”...

The Billable Hour and [vs.?] Pricing AI-Driven Legal Services

by Bruce | September 17, 2024 | Articles, Business Models, Finance, Strategy, Technology strategy

A few weeks ago, we raised the topic with our friends at Thomson Reuters Legal Practice Management about what the consequences of a widespread deployment of Generative AI might portend for–you guessed it–the business of law firms, and in short order the...

The Fable of Starbucks

by Bruce | September 8, 2024 | Articles, Branding, Business Models, Cultural Considerations, Leadership, Strategy

Few brands are more prominent in our daily lives (well, at least if you’re a Western world urban dweller) than Starbucks.  Its rise to prominence has become standard-issue corporate lore: From its single Seattle store founding in 1971 to Howard Schultz’s...
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