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Succession planning; how resilient is your firm?

by Janet Stanton | April 19, 2026 | Business Models, Cultural Considerations, Leadership, Strategy

The following column is by Janet Stanton, Partner, Adam Smith, Esq. Ten years ago, the topic of succession planning was viewed like kryptonite; the mere mention caused folks’ hair to burst into flame.  Fortunately, those days are (mostly) over.  Many firms are...

Thorstein Veblen: The Man Behind Conspicuous Consumption

by Bruce | April 13, 2026 | Articles, Cultural Considerations, Leadership, Profiles of Individuals, Strategy

May I welcome you to the first of a few Adam Smith, Esq. portraits of notable economists?  My source for all in this series is the redoubtable Capitalism and its Critics: A History: From the Industrial Revolution to AI (John Cassidy, Farrar, Strauss and Giroux: New...

Janet on Bloomberg Law re the Non-Equity Tier

by Bruce | November 6, 2025 | About the Site, Branding, Compensation, Cultural Considerations, Leadership, Partnership Structures

Recently Janet was invited to participate in a Bloomberg Law podcast on the topic of Ropes & Gray remaining a single-tier partnership despite the industry’s overwhelming movement towards the two-tier (equity and non-equity) partnership model.  Her fellow...

The Diabolical Collective Action Problem

by Bruce | November 4, 2025 | Articles, Cultural Considerations, Leadership, Partnership Structures, Strategy

Back in March we first wrote about the theretofore-inconceivable systematic attack on BigLaw by our current Administration in Washington, DC.  The “program of revenge,” as we described it, calculatedly targeted law firms representing clients and interests...

Cross-serving vs. Cross-selling; yes, there’s a difference

by Janet Stanton | August 3, 2025 | Articles, Branding, Client Relationships, Cultural Considerations, Marketing, Strategic Client Management

The following column is by Janet Stanton, Partner, Adam Smith, Esq., LLC–Bruce Firms are increasingly realizing the value of expanding relationships with their existing clients – be it involving more partners, additional practice areas, offices or other...

Geography is [not] Destiny

by Bruce | July 27, 2025 | Articles, Cultural Considerations, Finance, Strategy

A few weeks ago a law land journalist asked us if we had any insights to offer about the above-average rate of expansion of law firms in a particular US metro market—which itself had been expanding at an above-market rate in business investment and population. This...
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