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...
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...
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...
by Bruce | February 26, 2025 | About the Site, Business Models, Cultural Considerations, Partnership Structures, Practice Group Management, Strategy
With yours truly live on camera. Thanks to our “BLaw” friends for making this possible. Feel free to...
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”...
by Bruce | August 27, 2024 | Articles, Business Models, Cultural Considerations, Partnership Structures
This column is by Janet Stanton, Partner, Adam Smith, Esq. Let’s get something straight from the get-go: “Equity” as it is known in Law Land is a chimera. Unlike in the other 98% of the economy, equity in Law Land is an illusion. It has no intrinsic or market value...