by Bruce | January 29, 2018 | Articles, Business Models, Cultural Considerations, Finance, Globalization, Leadership, Practice Group Management, Strategy
Our friends at Thomson Reuters Legal Executive Institute asked us if we might share some thoughts with them on this year’s always enlightening and probing Report on the State of the Legal Market and they published our reflections a few days ago. We are delighted...
by Bruce | January 24, 2018 | Articles, Business Models, Finance, Strategy
OK, that’s an uncivilized headline, so we can dignify matters by calling the NewLaw Revenue S-&$*(# the NewLaw multiplier. This multiplier, however, is not your friend. In economics the concept of “multipliers” is widely applied. Keynes famously argued in his...
by Bruce | December 29, 2017 | Articles, Branding, Business Models, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy, Technology strategy
I’m coming to the conclusion that BigLaw is not one business, but two different businesses. Some firms (a minority) are in one business, but most firms are in another business entirely. Note what I am not saying: I’m not saying some firms have one business model and...
by Bruce | November 29, 2017 | Articles, Business Models, Finance, Leadership, Partnership Structures, Practice Group Management
More so of late, but for some time, we’ve been harboring the suspicion that the glory days of the high-leverage model are over. Could we be seeing the end of leverage? Of course, many management fads fashions tend to come and go, which is why we at Adam Smith, Esq....
by Bruce | October 24, 2017 | Articles, Business Models, Client Relationships, Finance, Leadership, Practice Group Management, Strategy
Over the past year or two, we’ve been working with what struck us as a high number of litigation boutiques, and we decided to pause and gather our thoughts for, we can always hope, the benefit of a wider audience. Semantics first: By “litigation boutique,” if it’s...
by Bruce | October 11, 2017 | Articles, Business Models, Cultural Considerations, Globalization, Latin America, Leadership, Partnership Structures, Strategy, Technology strategy
The following article is reprinted by kind permission of Thomson Reuters, where it first appeared in their Forum magazine. It was written by Antonio Leal Holguin, Director, Adam Smith, Esq. The Colombian case. Twenty years ago, Colombian lawyers were still artisans....
