by Bruce | June 25, 2018 | Articles, Finance, Leadership, Strategy
What is the “yield curve” and why should you care? Well, first off, it’s not remotely the kind of topic we regularly write about on Adam Smith, Esq., because it seems far removed from “the economics of law firms,” but then again,...
by Bruce | June 2, 2018 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Recruiting, Strategy
Copious has been the coverage around Freshfields’ revised lockstep–for example, The Lawyer’s “Be careful what you wish for: First round of Freshfields partners hit by lockstep reform.” It turns out that no matter how resounding the endorsement of the partners...
by Bruce | May 7, 2018 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Recruiting, Strategy
Last week Jim Stewart of The New York Times published $11 Million a Year for a Law Partner? Bidding War Grows at Top-Tier Firms which was pegged to the news that Sandra Goldstein had left Cravath for Kirkland, and a reported compensation package of $11-million/year...
by Bruce | April 27, 2018 | Articles, Business Models, Compensation, Finance, Leadership, Partnership Structures, Recruiting, Strategy
The compulsively readable James Stewart of The New York Times, who authors the weekly “Common Sense” column, which ranges widely across the business landscape, just published “$11 Million a Year for a Law Partner? Bidding War Grows at Top-Tier...
by Bruce | March 9, 2018 | Articles, Finance, Ineffable, Just Plain Interesting
John Adams notably wrote that “facts are stubborn things.” Words, however, can be fluid, flexible, and subject at times to arbitrary diktat. This last sense was famously expressed in Alice in Wonderland “When I use a word,” Humpty Dumpty said, in rather...
by Bruce | March 6, 2018 | Articles, Finance, Partnership Structures, Practice Group Management, Recruiting
Our good friends at Leopard Solutions have just come out with their annual recap of the law firm competitive landscape. If you don’t know Leopard, they have one of the most rigorously researched and scrupulously maintained databases there is to be had on a rich...
