Sublime

Each quarter we try to study an admirable company and discuss it with our Operating Group managers and board members. We focus on high performance conglomerates that have demonstrated at least a decade of superior shareholder returns.

For centuries, private attorneys have molded and adapted these legal modules to a changing roster of assets and have thereby enhanced their clients’ wealth. And states have supported the coding of capital by offering their coercive law powers to enforce the legal rights that have been bestowed on capital.

Many legal scholars have already drawn attention to the fact that the operation of the market hinges on legal institutions that facilitate price discovery.

fee sensitivity would require that engagements be staffed at the most junior level possible, including maximum possible use of paraprofessionals and increasing use of technology to substitute for professional labor. Fee pressures would…

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