by Bruce | May 18, 2013 | Articles, Compensation, Leadership, Partnership Structures, Practice Group Management, Strategy
Herewith the second article by Richard Rapp. Thanks, Richard!—Bruce. Law firm managers who are planning large-scale, hubristic expansion-by-acquisition should study the Dewey LeBoeuf morality play very closely. The rest of us should not. It’s a...
by Bruce | April 30, 2013 | About the Site, Articles, Compensation, Finance, Leadership, Partnership Structures, Practice Group Management, Recruiting, Strategy
It is with great personal and professional pleasure that we announce Richard Rapp is joining Adam Smith, Esq. as Senior Advisor. Those of you who have learned even a little about the consulting side of Adam Smith, Esq. know that we have remained small by choice,...
by Bruce | December 16, 2012 | About the Site, Articles, Book Reviews, Business Models, Cultural Considerations, Finance, Globalization, Leadership, M&A, Partnership Structures, Practice Group Management, Strategy
We are delighted to announce that we have just published the complete 12-part series Growth is Dead as an e-book. Demand from you, Dear Readers, to be able to have the entire series available in one spot, was unprecedented and trying to satisfy those requests was...
by Bruce | November 16, 2012 | Articles, Business Models, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
As we come to the final installment of the Growth is Dead series, I hope the challenge I’ve laid out for us is clear. Excess capacity Stagnant demand Cut-throat or “suicidal” discounting Unprecedented pressure on prices, from all directions,...
by Bruce | November 8, 2012 | Articles, Business Models, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Strategy
We’ll have one more installment in our “Growth is Dead” series but let’s focus today on trying to synthesize a few themes that have been pervasive topics here on Adam Smith, Esq., since at least September 15, 2008, and even before, and look at...
by Bruce | October 21, 2012 | Articles, Business Models, Cultural Considerations, Finance, Globalization, Innovative Managing Partners, Leadership, Partnership Structures, Practice Group Management, Strategy
At the end of our last piece, I asked aloud whether we as lawyers are intellectually and emotionally capable of adapting to the new market landscape, suggested that adapting would require experimentation and—yes—failure, and noted that countries and industries that...
