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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...

Why Are So Many Superstar Litigators Jumping Ship?

by Bruce | October 1, 2025 | Articles, Business Models, Leadership, Practice Group Management, Strategy

In the most recent of what’s beginning to feel like a parade of star litigators jumping ship from BigLaw, comes word that Karen Dunn has left Paul Weiss to join a startup litigation boutique; in the first few months of its existence it’s already past two...

Our Existential Moment

by Bruce | March 17, 2025 | Articles, Cultural Considerations, Finance, Leadership, Strategy

Here at Adam Smith, Esq. our robust, and for 20+ years inviolate, policy has been never to comment on current affairs.  That ends today. We value no civic principle more highly than the primacy of the Rule of Law. And we have long had the luxury of being able to take...

The Beauty of the Eisenhower Box

by Bruce | December 17, 2024 | Articles, Leadership, Practice Group Management, Strategy

This column is by Janet Stanton, Partner, Adam Smith, Esq. One of the most enduring and vexing problems we all face (almost all the time) is how to sort through the myriad competing (conflicting?), shifting priorities that arise minute-by-minute and pull us in all...

Single Tier is Dead: Long Live Single Tier

by Bruce | October 15, 2024 | Articles, Business Models, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management

Comes word that Cleary Gottlieb is abandoning its increasingly rarefied “single tier” status and will begin naming Non Equity Partners “with  immediate effect.”  The intrepid Roy Strom of Bloomberg Law has the story: Cleary recognizes the “innovation and adaptation”...
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