In the most recent of what’s beginning to feel like a parade of star litigators jumping ship from BigLaw, comes word that Karen Dunn has left Paul Weiss to join a startup litigation boutique; in the first few months of its existence it’s already past two dozen lawyers and counting. Similarly, Abbe Lowell (another Big […]| Adam Smith, Esq.
Belatedly, some of you might opine, it is time to make an introductory contribution to the great debate about the impact of Generative AI on the practice, and more importantly the business and revenue/expense model, of BigLaw. (After all, this is Adam Smith, Esq. and not Thomson Reuters.) By way of explanatory mitigation for the delay, it is an enormous topic, certainly the most daunting, profound, and complex to have arisen since I founded ASE over two decades ago, and I have been waitin...| Adam Smith, Esq.
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Capitalism and Its Critics: A History From the Industrial Revolution to AI, John Cassidy (Farrar Straus, New York: 2025). Cassidy is a British-American financial journalist and a New Yorker staff writer who has published two previous books, “Dot.Con, the greatest story ever sold” (2003) and “How Markets Fail: The logic of economic calamities” (2021). I have read neither of these earlier two books, but it seems a safe assumption that Cassidy has a dominant skeptical gene when it come...| Adam Smith, Esq.
The following column is by Janet Stanton, Partner, Adam Smith, Esq., LLC–Bruce| Adam Smith, Esq.
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A few weeks ago a law land journalist asked us if we had any insights to offer about the above-average rate of expansion of law firms in a particular US metro market—which itself had been expanding at an above-market rate in business investment and population. This set us to thinking about fashions in geographic emphasis […]| Adam Smith, Esq.
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The importance of enhanced client focus continues to ratchet up. With good reason. In the “battle for market share” your current clients are both more valuable and vulnerable than before. Further, as supported in numerous studies, nurturing and building current client relationships positively impacts client satisfaction, client retention, revenue and profitability and, ultimately, sustainability of the firm. That said, we’re frankly amazed that many firms are clueless about how ...| Adam Smith, Esq.
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I don’t know what role, if any, a deity might play in your life, but on my exceptionally short list of immanent beliefs worthy of worship is The Rule of Law: In a nutshell, “no one is above/all are equal before the law.” Its pedigree goes back in human history, way back.[1] The Indian epics […]| Adam Smith, Esq.
Today he would be 302 years old.| Adam Smith, Esq.
Summer Reading List 2024| adamsmithesq.com
Summer Reading List 2024| adamsmithesq.com
Summer Reading List 2025| adamsmithesq.com
Summer Reading List 2024| adamsmithesq.com
The 2024 Nobel Prize in Economics Goes To…..| adamsmithesq.com
Summer Reading List 2024| Adam Smith, Esq.
The Canongate Kirk, Presbyterian of course, had been a parish church for a century or more when King James VII (and II of England) decreed in 1688 that it should become the Chapel of the Order of the Thistle, to be housed in a new building on the site, which after numerous extensive renovation projects, rebuilding from a fire in 1863, and a “revolutionary” renovation after World War II, is place of simplicity and calm today.| Adam Smith, Esq.
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Thanks and a hearty virtual handshake from the team at Adam Smith, Esq.; we’re glad you opted to hear from us.| Adam Smith, Esq.
How is A.I. impacting BigLaw? Bruce, Janet and the esteemed Toby Brown of DV8 Legal Strategies will discuss the ways Gen A.I. is impacting law firm business models and what the implications are for firms going forward. We’ll also be joined by our good friends from ALM’s Law.com Pro, Patrick Fuller and Gina Passarella, to unpack how Gen A.I. is affecting profitability, competition, pricing, compensation, leadership, staffing and more – and, importantly – how firms can respond effec...| Adam Smith, Esq.
This is one in our occasional series of excerpts from my yet-to-be-published new book, treating, among other things, the historic roots of our profession tracing back to medieval guilds.| Adam Smith, Esq.
“Cravath To A Million Squillion!”| Adam Smith, Esq.