About Bruce
Search this site:


Subscribe to E-Mail Updates
About the SiteAbout Adam Smith Adam Smith, Esq. Newsletter Adam Smith, Esq. Newsletter

June 29, 2005

The Tale of the Pencil-Sharpener

At a meeting at Milbank yesterday, a senior partner had occasion to recount the tale of the pencil-sharpener, which was an actual employee at the firm decades ago.

The pencil-sharpener's role was to circulate throughout the office collecting used pencils and replacing them with sharp ones. So far, so good, and so far, so invisible.

But one day the senior partner had reason to visit a paralegal's cubicle and noticed that all the pencils, while sharp, were very short; and all of his pencils were very long.

You can intuit the rest. The pencil-sharpener provided partners with long pencils, associates with medium-length ones, and paralegals with short ones. Legend has it that a partner presented with a short pencil threw it back at the pencil-sharpener, and a lesson was learned.

A quaint tale of a bygone time where associates and paralegals were duly put in their place, silently and (almost) invisibly, but with utter certitude and devastating effects were they to be reflected upon for a moment.

Isn't it great we all know better now?

Posted by Bruce at June 29, 2005 12:11 PM | TrackBack
Posted to Cultural Considerations | Leadership

Printer-friendly version
Comments
Email this entry to:


Your email address:


Message (optional):


Post a comment

Thanks for signing in, . Now you can comment. (sign out)

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)


Remember me?


Law Firm Finance 101 Seminar

People Are Talking

"Adam Smith, Esq. is, and will remain, the definitive voice on law firm strategy."
David Jabbari, Global Head of Know-How, Allen & Overy

"I just don't know what the profession would do without you."
—Chairman, AmLaw 25 firm

“Constantly stunning.’—Managing Partner

"I read three things:  The Wall Street Journal, The Economist, and Adam Smith, Esq.—and I tell my partners to do the same."
—Managing Partner, AmLaw 50 firm

“You have a fascinating niche which you cover ever so much better than does the conventional legal press.”
—Walter Olson of Overlawyered

“Required reading: Amazing.”—Venture Capitalist

"You're the brand name in law firm economics. There is no one out there—repeat, no one—who covers this business better, or thinks about it more creatively, than you. I tell people this guy is really, really good."
—Chair/Managing Partner, AmLaw 50 firm

Links: law
Links: corporate law
10b-5 Daily
Business Pundit
CorporateCounsel.Net Blog
Conglomerate

links: economics
Atlantic Blog
BusFilm by Larry Ribstein
Business Pundit
Carnival of the Capitalists
Chicago Boyz
Ensight
Marginal Revolution
Ronald Coase Institute
Stephen Bainbridge
Links: tech & culture

"Adam Smith, Esq.,"® an inquiry into the economics of law firms, and the maroon banner, are a federally registered trademark belonging to Adam Smith, Esq., LLC, which is partially owned and controlled by Bruce MacEwen.

Creative Commons License
This weblog is licensed under a Creative Commons License.