Adam Smith, Esq.
Adam Smith, Esq. is "an inquiry into the economics of law firms." The blawg links to and analyzes articles about law firm strategy and profitability.
Author: Bruce MacEwen is a law firm consultant in New York City who previously worked as an attorney at two large New York City firms and at Dean Witter/Morgan Stanley. He is also the New York regional director of Managing Partners Forum, a global organization of managing partners and CEOs of law and other professional services.
Blawg Related Categories: Careers • Layoffs • Law Firms • Law Practice Management • Legal Marketing & Consulting • Consultant
Recent Posts from Adam Smith, Esq.
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First Associates, Then Non-Equities, Next....
What's going on at Reed Smith? Less than a week ago, they announced a roughly 20% cut in first-year associate salaries and hourly billing rates for the 50-odd lawyers joining the firm in January 2010.…
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What Laterals Need to Know: A Modest Proposal
One of the more thoughtful and, frankly, creative responses to my two recent columns on lateral partners asked a simple question: What should a firm recruiting a potential lateral be obligated to tell the putative…
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Flash Report on Reader Survey (In Progress)
Very quick interim "flash" report on the Reader Survey. To begin with, in the very few days since we launched it, well over 100 of you have taken the time to respond. Nice going, readers! …
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The Great "Laterals" Conversation, Chapter 2
My recent column, What Makes Laterals Run?, has generated a most rewarding level of reader feedback, worthy of an update to the original column. Reactions have literally come from around the world, and, with the…
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Please Take Our Readership Survey
It's that time of year again. Yes, faithful readers will recall that periodically (OK, so it's not exactly annual, but it's pretty regular, and it's always in the fall) we ask you to participate in…
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What Makes Laterals Run?
Perhaps I don't write as much as I should about lateral partners. I mean the economic phenomenon of lateral partner hiring, not gossip that much of the legal press seems to specialize in about specific…
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We're On the (Virtual) Move
Over the course of the next few days, "Adam Smith, Esq." will be on the virtual move, to a new hosting service. The only reason I mention this--it should be invisible to readers--is in case…
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In That Case, Are We the Investment Banking Industry?
Clients coming to me--and they're coming to me as never before--seeking clarity on what this will all look like "on the other side" are usually, for starters, really asking "How worried should I be?" Sometimes…
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Law Firm Business Models: A New Series
According to the most recent fossil record discoveries, life on Earth dates back about 3,450-million years. But for about the first 85% of that time span, organisms were extremely simple, composed of individual cells, occasionally…
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You Have Permission to Ask For Help
I've written before about the extraordinary premium put on leadership in this once-in-a-career period we're passing through, but because of its importance it's none too soon to recur to it. What can be said that…