by Bruce | October 1, 2017 | Articles, Cultural Considerations, Leadership, Partnership Structures
We intend October’s “Question of the Month” to squarely address an issue laden with financial and emotional repercussions. But we have surpassing confidence that Adam Smith, Esq.’s intrepid readers are up to it. Without further ado, then: [poll id=...
by Bruce | September 1, 2017 | Articles, Business Models, Partnership Structures, Question of the Month
Our fourth question of the month. At this point, you know what to do. As always, please use the comments box to add thoughts, glosses, and, well, commentary. [poll id=”9″]
by Bruce | July 27, 2017 | Articles, Cultural Considerations, Leadership, Partnership Structures, Question of the Month
This column is by Janet Stanton, Partner, Adam Smith, Esq. The second Question of the Month was: “Does the partnership form remain the optimal structure for law firms?” This resulted from our musing a couple of years ago, “Would any corporation reorganize...
by Bruce | July 24, 2017 | Articles, Business Models, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Strategy
This article is by Janet Stanton, Partner, Adam Smith, Esq.: “Non-lawyers.” This is the prevailing term for business professionals employed at law firms. Really? Let’s just start with the fact that it’s insulting to be defined by what you are not. (Thought experiment:...
by Bruce | July 10, 2017 | Articles, Business Models, Partnership Structures, Question of the Month, Strategy
Over the past few decades, every other sizable sector of the professional services industry has switched wholesale from being organized as partnerships to being organized as corporations. This includes: Management consultants, such as McKinsey, BCG, and Bain;...
by Bruce | June 29, 2017 | Articles, Cultural Considerations, Leadership, Partnership Structures, Strategy
Coming to the fore more prominently these days across a large portion of firms we work with and the industry overall is the issue of succession planning. It comes up in one or both of two contexts, (a) transitioning key client relationships from incumbent partners to...
