Practice Group Management | Adam Smith, Esq.

A Modest Proposal for Alternative Fees

by Bruce | February 25, 2011 | Articles, Finance, Practice Group Management, Strategy

There’s been so much talk recently about “alternative fee arrangements” (AFAs) that, frankly, we’re exhausted. But before we give up on the subject entirely (which, don’t be alarmed, we shan’t do), it’s perhaps time for a...

Survey on Law Firm Leadership: An Adam Smith, Esq./Vault.com, Inc. Collaboration

by Bruce | February 23, 2011 | Articles, Leadership, Practice Group Management

With delight I can announce that Adam Smith, Esq. is embarking on a collaborative effort with Vault.com, Inc, the leading career intelligence site for those starting out in law, investment banking, management consulting, and much more. Their mission: Vault...

What’s the Half-Life of a Lateral Partner in London?

by Bruce | February 18, 2011 | Articles, Compensation, Cultural Considerations, Finance, Partnership Structures, Practice Group Management, Strategy

A-ha! That, at least, was my reaction when reading the research report published this week in The Lawyer. Here are the top-line results, and then I’ll give you my reaction: The Lawyer hired a research firm called Motive to analyze lateral...

Show Me the Money (And the Love)

by Bruce | February 1, 2011 | Articles, Compensation, Cultural Considerations, Finance, Practice Group Management

Here on Adam Smith, Esq., we’ve never devoted a lot of ink to work/life balance issues or, for that matter, to lawyers’ happiness with their jobs, stress levels, rates of depression/alcohol abuse/divorce (all of which, as is well-known, we over-index on),...

We Are Not Alone

by Bruce | January 6, 2011 | Articles, Compensation, Finance, Partnership Structures, Practice Group Management

This is a tale of how this is not your father’s recession. About a year ago I read Reinhart and Rogoff’s This Time is Different: Eight Centuries of Financial Folly, which ably–and depressingly–provides chapter and verse on how the aftermath of...

The Names on the Door

by Bruce | December 19, 2010 | Articles, Cultural Considerations, Leadership, Partnership Structures, Practice Group Management, Strategy

A few days ago LegalWeek wrote about whether the “global law model helps or hinders the top-level adviser:” In other words, whether the more commercially minded we all become as lawyers and as firms, the less room there is for the classic strategic...

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