by Bruce | February 25, 2012 | Articles, Law Schools, Recruiting
The National Law Journal has published a first look at where law students graduating in the Class of 2011 began work, focusing on those who went directly to an NLJ 250 firm. Keep in mind that this consciously omits two other potentially desirable job categories,...
by Bruce | February 21, 2012 | Articles, Compensation, Leadership, Strategy
In the Legal Intelligencer, the reporter Gina Passarella has published Revenue Race, and a companion piece, which basically find the challenge that “a mature US legal market coupled with a dip in demand for legal services” poses to the demand for revenue...
by Bruce | February 16, 2012 | Articles, Finance, Leadership, Strategy
The title, “muscle memory,” I owe to Prof. Bill Henderson of Indiana/Maurer School of Law in Bloomington. Bill-and now I-use it to describe how the habits law firms learned during the boom years have carried over into the present reality, as inapt,...
by Bruce | February 13, 2012 | Articles, Finance, Leadership, Partnership Structures, Strategy
The preliminary Citi 2011 report is out and it’s time for a bit of reading between the lines. In particular, we like to focus less on what’s said than on what is studiously elided. Here’s the top line: For law firms, 2011 was a tale of two years....
by Bruce | February 2, 2012 | About the Site, Articles
Welcome to the new—and we believe improved—Adam Smith, Esq. The original Adam Smith, Esq. site launched nine years ago and it was past due for a facelift. Indeed, if internet years are dog years, the site was eligible for Social Security. You are looking at the...
by Bruce | February 2, 2012 | About the Site, Articles
Welcome to the new—and we believe improved—Adam Smith, Esq. The original Adam Smith, Esq. site launched nine years ago and it was past due for a facelift. Indeed, if internet years are dog years, the site was eligible for Social Security. You are looking at the...