by Bruce | June 25, 2018 | Articles, Finance, Leadership, Strategy
What is the “yield curve” and why should you care? Well, first off, it’s not remotely the kind of topic we regularly write about on Adam Smith, Esq., because it seems far removed from “the economics of law firms,” but then again,...
by Bruce | June 2, 2018 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Partnership Structures, Recruiting, Strategy
Copious has been the coverage around Freshfields’ revised lockstep–for example, The Lawyer’s “Be careful what you wish for: First round of Freshfields partners hit by lockstep reform.” It turns out that no matter how resounding the endorsement of the partners...
by Bruce | May 29, 2018 | Articles, Business Models, Cultural Considerations, Globalization, Leadership, Partnership Structures, Strategy
Our custom after trips of some substance is to report back to readers in the form of a “Letter From ____,” and since I spent all of last week in my Second Favorite City in the World, here you have it. Logistics and context I had 21 meetings in four days with a mix of...
by Bruce | May 7, 2018 | Articles, Compensation, Cultural Considerations, Finance, Leadership, Partnership Structures, Practice Group Management, Recruiting, Strategy
Last week Jim Stewart of The New York Times published $11 Million a Year for a Law Partner? Bidding War Grows at Top-Tier Firms which was pegged to the news that Sandra Goldstein had left Cravath for Kirkland, and a reported compensation package of $11-million/year...
by Bruce | April 27, 2018 | Articles, Business Models, Compensation, Finance, Leadership, Partnership Structures, Recruiting, Strategy
The compulsively readable James Stewart of The New York Times, who authors the weekly “Common Sense” column, which ranges widely across the business landscape, just published “$11 Million a Year for a Law Partner? Bidding War Grows at Top-Tier...
by Bruce | April 18, 2018 | Articles, Latin America, Leadership, Strategy
April is the cruelest Latin America month. This month has taken and is taking me to Santiago, Chile, Bogota, Colombia, and Sao Paulo, Brazil, traveling with Adam Smith, Esq.’s Director in Latin America, Antonio Leal Holguin. (Antonio splits his time between Santiago...