by Bruce | June 13, 2013 | Articles, Business Models, Leadership, Partnership Structures, Practice Group Management, Strategy
Boutiques are next up in our law firm taxonomy, and first a word about what I mean when I say “Boutiques,” because I may be using it a bit differently than you might assume in common parlance. In my nomenclature for purposes of this taxonomy, boutiques are...
by Bruce | June 7, 2013 | Articles, Compensation, Leadership, Partnership Structures, Practice Group Management
Herewith our next in the series by Richard Rapp on partner compensation. As always, your thoughts, observations, and comments are most welcome. If you want to email Richard directly, please do so—Bruce Economists are interested in “externalities”...
by Bruce | May 28, 2013 | Articles, Compensation, Leadership, Practice Group Management
Following is the next in Richard Rapp’s series of articles on compensation. – Bruce Economists and evolutionary biologists share an interest in a model of incentives known as “the prisoner’s dilemma.” It is a game for two...
by Bruce | May 21, 2013 | Articles, Branding, Business Models, Finance, Globalization, Leadership, Partnership Structures, Practice Group Management, Strategy
We humans like to put things in categories. And while we can get it plain wrong, or mix up two categories benignly or malignly, there’s no question our propensity for categorization—from friend or foe and food to poison, to Linnaeus, to the periodic table, to...
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,...