Pay Wars & MSO’s: Huh?
David Morley, former head of Allen & Overy and, happy disclosure, a long-time friend, just published an article over at law.com that starts like this: The call usually comes on a Friday afternoon....
View ArticleSure You’re Smart, But Do You Think? (There is a difference)
The following article is by Janet Stanton, Partner, Adam Smith, Esq. LLC. Our industry is awash with really smart people. You kinda have to be to get into and through a top law school. Then, why is...
View ArticleWhither Agentic AI and Law Firms?: My Interview with Sidebar
A little while ago I was interviewed by Niraj Chhabra of Sidebar Advisors. He publishes a podcast and here’s a link to my conversation with him. He also shared alternative platforms where you can...
View ArticleThe Maroons & the Grays: An Update
Back in 2019 we published a three-part series introducing and fleshing out our model of the competitive market segmentation of law firms. We posited that the two primary segments of BigLaw are the...
View ArticleAre You Smarter (at AI) Than Your Clients?
About a month ago, Steven Croley, Chief Policy Officer and GC at Ford Motor–who, full disclosure, I do not know–published a column on Bloomberg Law opening with the commonplace observation that AI is...
View ArticleHappy Birthday, Adam Smith!
Although “birth certificates” were far in the future in 1723, today is by consensus deemed to be Adam Smith’s birthday, in 1723, in Kirkcaldy, Scotland. Today he would be 303.
View ArticleAnd Now a Word From Your Editor: Blather
You should not be surprised to learn that in my travels across the legal, business, and strategic commentariat, I form opinions–some probably too quickly or too definitively–about the quality of what...
View ArticleHappy 250th, United States
The Constitution of the United States Article I, Section 1: All legislative Powers herein granted shall be vested in a Congress of the United States Article II, Section 1: The executive Power shall be...
View ArticleScale Matters
In the past we have written that for law firms scale—number of partners and total lawyers, number of offices, total revenue, &c.—doesn’t really matter. The distinctions that clients care about...
View ArticleHappy Birthday, Adam Smith!
Born this day in 1723 in Kirkcaldy, Scotland, across the Firth of Forth from Edinburgh. Today he would be 303.
View ArticleMilton Friedman: “Inflation is always and everywhere a monetary phenomenon”
This is another installment in our series of profiles of leading economists from Capitalism and its Critics. Milton Friedman was born in Brooklyn in 1912 and died in San Francisco in 2006 at age 94. He...
View ArticleJoseph Stiglitz: Can Free Trade Go Too Far?
Continuing our series on prominent economists from the Industrial Revolution to AI, drawing liberally on the impressive accomplishment of John Cassidy’s Capitalism and its Critics: A History: From the...
View ArticleThe Luddites: Crying “Stop” in the Face of Progress
This is another installment in our series of profiles of leading economists from Capitalism and its Critics. It’s our first profiling not a champion of capitalist progress but a stout opponent....
View ArticleBruce Interviewed About Agentic AI
Being published live today are links to video recordings of my recent interview with Sidebar Advisors’ Founder and Managing Director, Niraj Chhabra. Copious thanks to Niraj and his team for making...
View ArticleThorstein Veblen: The Man Behind Conspicuous Consumption
May I welcome you to the first of a few Adam Smith, Esq. portraits of notable economists? My source for all in this series is the redoubtable Capitalism and its Critics: A History: From the Industrial...
View ArticleBook Review: Lloyd Blankfein’s Streetwise
Lloyd Blankfein’s Streetwise was just published and as of this writing is on Amazon’s “Top 20” bestsellers list. [Streetwise: Getting to and through Goldman Sachs, Penguin Press New York: 2026]. I...
View ArticleGoodbye Yellow Brick Road
The following is a guest post from our long-time friend and astute observer of Law Land, Alastair Morrison. –Bruce & Janet Alastair Morrison, Legal Consultant Alastair Morrison is a London-based...
View ArticleAsk Not for Whom GenAI Tolls
Law Land in general, and BigLaw in particular, has a firmly established and proud custom of not being the first. To almost anything. I say this based on personal experience, because the almost...
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