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 • Blawg 100
Recent Posts from Adam Smith, Esq.
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Happy Fourth!
Fourth of July Fireworks/New York Harbor...
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One Sentence
Writing in the WSJ, Peggy Noonan recounts a story: In 1962, Clare Boothe Luce had a conversation in the White House with her old friend John F. Kennedy. "She told him, she said, that "a…
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Save The Date (Wed 22 July/Washington, DC)
You are cordially invited to a special event: What's Next for Global Legal Services? Bright Ideas from Industry Leaders Wednesday 22 July 2009 Washington, DC presentation and discussion with senior inside counsel, outside counsel and…
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Green Shoots? Not So Fast...
Indicia: Is This Bull Cyclical or Secular in the WSJ, which contains the following observations as well as the following chart: Many investors are now calling the rebound in stocks since early March the start…
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An International Perspective (And a Guest Column)
Today we have an extremely unusual--for Adam Smith, Esq.--guest column. Indeed, if memory serves, this is only the third column in the history of this site (5 years, nearly 1,000 columns) not written by me.…
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Why BigLaw Is Not Yet Fixed
Doubtless over the weekend many of you read the NYT's longish story, "A Study in Why Major Law Firms Are Shrinking." Truth in labeling would have changed the headline to "A Profile of White &…
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GM, RIP
The more I reflect on the news of GM's bankruptcy, the more shocking I find it. My reaction is surprisingly akin to that when I learned of Eliot Spitzer's or Bernie Madoff's flameouts: How on…
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Horses for Courses
According to data published by Citi Private Bank, covering the vast majority of large US-based firms, the compound annual growth rate of yearly revenues from 2001--2007 was 10.6% and that of profits per partner was…
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European Trip
I got back to New York this past Memorial Day Weekend after my extended European trip. While the trip was even more professionally rewarding and successful than I had hoped--not to mention fascinating and deeply…
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Adam Smith's Home Town
If you've never been to Edinburgh, I highly commend it to you. And that's not just because of the Adam Smith connections, although that's what I'll very briefly mention here. We're staying about 200 yards…