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Succession planning; how resilient is your firm?

by Bruce | 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...

Goodbye Yellow Brick Road

by Bruce | February 12, 2026 | About the Site, Articles, Branding, Business Models, Generative AI, Leadership, Partnership Structures, Strategy

The following is a guest post from our long-time friend and astute observer of Law Land, Alastair Morrison.   –Bruce & Janet Alastair Morrison, Legal Consultant Alastair Morrison is a London-based legal consultant with extensive experience in law firm...

Ask Not for Whom GenAI Tolls

by Bruce | January 18, 2026 | Articles, Business Models, Generative AI, Leadership, Partnership Structures, Strategy, Technology strategy

Law Land in general, and BigLaw in particular, has a firmly established and proud custom of not being the first.  To almost anything.  I say this based on personal experience, because the almost invariable response to a novel proposal is, “Who else is doing...

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...
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