by Bruce | May 8, 2011 | Articles, Cultural Considerations, Leadership, Partnership Structures
Normally I don’t refer to events stemming from my own experience in commenting on our industry-indeed, this is something of a first in the 8-year history of Adam Smith, Esq.-but what I want to talk about today is not self-referential and not even, really, about...
by Bruce | May 1, 2011 | Articles, Leadership, Partnership Structures, Strategy
A loyal and exceptionally thoughtful reader, and reasonably regular correspondent (also with a strong academic background in economics), writes: Bruce: I enjoyed your 9 February think piece. I would be interested in your views as to why law firms seem to be...
by Bruce | April 4, 2011 | Articles, Cultural Considerations, Finance, Leadership, Practice Group Management, Strategy
Recently, I wrote about what I called the Tier 1/Tier 2/Tier 3 challenge for BigLaw. Briefly, the Tiers are: 1: What everyone aspires to. Think Wachtell, Skadden, Cravath, et al. Good luck emulating them, or convincing the market you’re their peers if...
by Bruce | March 27, 2011 | Articles, Globalization, Leadership, Strategy
Toby Brown and Ron Friedmann (both friends) have a thoughtful and well-reasoned point/counter-point going over at “3 Geeks and a Law Blog,” which they invited me to comment upon. It’s called “Bet the Farm” versus “Law...
by Bruce | March 10, 2011 | Adam Smith Himself, Articles, Innovative Managing Partners, Leadership
A couple of weeks ago I learned that the legal department of Kraft Foods issued its “Adam Smith” award, for innovation in the delivery of legal services, to Clifford Chance, and Kraft intends it to be an annual award. I was curious to learn more. The first...
by Bruce | March 7, 2011 | Articles, Leadership
Don’t forget to the take the Law Firm Leadership Survey co-sponsored by Adam Smith, Esq., and Vault.com, Inc., the leading online career intelligence site.The survey will take less than three minutes and participants who wish to receive the results can sign up...