Adam Smith, Esq.

This column is by Janet Stanton, Partner, Adam Smith, Esq.

Many thanks to our good friends at Bloomberg Law for asking me in to chat about the economic and revenue/profit function of leverage in BigLaw.

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.

The following article is by Janet Stanton, Partner, Adam Smith, Esq.

A little while ago I was interviewed by Niraj Chhabra of Sidebar Advisors.

Back in 2019 we published a three-part series introducing and fleshing out our model of the competitive market segmentation of law firms.

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 disrupting the legal services market for large public c…

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.

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 I’m reading.

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 vested in a President of the United States of America.

In the past we have written that for law firms scale—number of partners and total lawyers, number of offices, total revenue, &c.

Born this day in 1723 in Kirkcaldy, Scotland, across the Firth of Forth from Edinburgh.