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Happy 4th of July

Our custom on America’s Independence Day for several years has been to publish a photo of fireworks—the real thing from the annual display over the Hudson River here in little old New York (albeit one year delayed)—but this year we’re deviating from that practice, while still publishing a few images which we hope are far
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Memorial Day

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“Structural Breaks” and Other Timely Phenomena

A smart friend of mine, in a conversation apropos the financial meltdown, recently wondered if people "aren’t reading too many newspapers and not enough history."  He has a point. So forthwith, a little history. According to McKinsey in "Financial crisis and reform: Looking back for clues to the future," the extent of regulatory changes in
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“Savvy Blawgers” Query #2: Now on Deck

Coming soon:  The results of the "Savvy Blawgers Query #2!" You will recall the results of "Savvy Blawgers Query #1," which had to do with changes in law firm management over the next five to ten years.  [That link also has a handy-dandy recap of the rules of the road for the estimable and accomplished
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Announcing the Launch of the Savvy Blawgers Panel

Announcing the launch of the "Adam Smith, Esq." official "Savvy Blawgers Panel," a brain trust I will rely upon to sound off and chime in on (hopefully) interesting ideas I will query them about every so often—not so often as to wear out Adam Smith’s welcome, but often enough to keep the Panel, and you,
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Groves of Academe

Back from the truly lovely Midwest oasis of Bloomington, Indiana (approx. 40 miles south of Indianapolis), where I had the pleasure of guest-lecturing to a group of 30 or so smart, inquisitive, and polite-but-challenging 2L’s and 3L’s.  Bloomington, and the Indiana University campus, are full of architectural gems and monuments both, with brick sidewalks, rolling
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Academic Adventures

I look forward with delight to being invited to guest-lecture at Indiana University School of Law/Bloomington in Prof. William Henderson’s "The Law Firm as a Business Organization" course.  I fly out there early tomorrow morning. Full report when I return late Wednesday.

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Where Do Trial Lawyers Come From?

Are the nation’s most successful litigators and trial lawyers predominately graduates of elite national law schools? Surprisingly, the answer is both yes and no—it depends whether the lawyer is representing the plaintiff or the defense. Let me first cover the empirical evidence. In a subsequent blog entry, I will offer some possible explanations. I relied
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