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 | May 11, 2013 | Articles, Law Schools, Recruiting, Strategy
What follows will be a bit out of the ordinary—OK, a lot out of the ordinary—for regular readers of Adam Smith, Esq., but there’s a cold, hard, important, gem of truth in it for lawyers, our firms, and our bedrock assumptions about the way things ought to work...
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 | April 11, 2013 | Articles, Business Models, Cultural Considerations, Finance, Leadership, Strategy
A few weeks ago I ran a column about “ReInvent Law,” an event in Silicon Valley in the first half of March, which presented some views about possible futures of BigLaw, most of which were, uh, challenging to those who think business as usual is a strategy....
by Bruce | April 2, 2013 | Articles, Strategy
That—Standing at the Precipice—being the title of a short video our friends at Axiom have put together in hopes of informing the conversation about how we got here and what some of the actual underlying stats and figures are in the evolution of law to this point. What...