Letting Go

Thursday, March 12th, 2009

The key to using luck, Rory Miller (Meditations on Violence) says, is letting go:

Luck can be defined as the things you didn’t expect. Expectation is the what you believe — your experience, your training. When you can accept it when training or experience fail, when you are cool with being surprised, you can exploit luck. Like anything, some people have a talent at it, but it can also been learned, trained, and practiced.

If you have ever been in the high desert of Eastern Oregon you have seen the steep hills. One of our fun childhood games was to run down those hills full-speed. The trick was to not rely on contact with the ground. Once you were at extraordinary speed you were effectively falling and, when appropriate, when necessary, when effective you would make a small contact with the ground to steer just a bit. It was control in the loosest possible sense. I never saw an adult play this game and it is just as well. The slightest stiffness, the slightest need to show more control than you had would lead to a hellacious tumble and broken bones.

It was good training. Life is like that — something like freefall. Control, beyond a basic ability to control yourself, is an illusion. Even that control is limited (think how your skills will change with injury and advanced age and different blood sugars). But well-timed instances of control can let you ride out a storm or survive a situation that would crush the stolid and certain.

TapouT Founder Charles ‘Mask’ Lewis Died in Newport Beach Crash

Thursday, March 12th, 2009

TapouT founder Charles 'Mask' Lewis died in a Newport Beach car crash yesterday. He was racing his Ferrari against a Porsche — and Newport Beach police have reportedly arrested the driver of the Porsche. There is very little left of the Ferrari.

Going to the Movies has Become a Political Act

Thursday, March 12th, 2009

Shannon Love read and enjoyed Watchmen back in college — when he was “still a lefty” — and he enjoyed the visual style of the new film, but he has to conclude that going to the movies has become a political act:

Most of what I did not like about the movie, came from places where the movie needlessly diverted from the book. Nixon in the movie is a bloodthirsty buffoon. In the book, he’s Nixon but he lashes back at G. Gorden Liddy for suggesting a first strike, and we last see him sitting under Cheyenne mountain with his hands on the “football” with the nuclear launch codes, clearly dreading he might have to use them. In the movie, he plans a preemptive strike at a specific hour which sets the clock the heroes must race against.

[Minor spoiler] The other deviation clearly results from the desire of the writers and directors to gratuitously inject present day leftist tropes into the movie for no other reason than political propaganda. In the movie, Ozymandias/Adrian Veidt confronts a group of stereotypical corporate executives (all older white males in business suits) who complain that Veidt’s new energy technology will give away energy for free and thereby disrupt their corporate empires. Veidt castigates them and tells them that he intends to break the world’s “addiction” to oil. Of course, that scene doesn’t occur in the book. Nobody used such a silly metaphor (do we talk about people being addicted to oxygen?) at a time when the energy crisis had just ended.

More tellingly, in the book, there were no more internal combustion cars! In one the most iconic scenes in both the book and the movie, Dan Dreiberg leaves the home of the original Nite Owl, Hollis Mason and passes by a sign that says “Obsolete Models a Specialty”. Hollis Mason lives above the auto mechanic shop he used to run and the sign is the sign for his shop. In a later flashback, we see Mason at his retirement party in the early sixties. He tells the super-superhero Dr. Manhattan, that he plans to retire and fix cars, because cars are more simple than people. Dr. Manhattan tells him that cars will be even more simple soon because he is using his power to synthesize elements to create vast amounts of cheap lithium which will make electric cars practical. By the time of the book’s present-day, 1985, no one drives internal-combustion engine cars except antique collectors. In the book, the sign refers to the obsolete internal combustion engines. The sign symbolized that Hollis had been rendered obsolete not only due to the rise of the super-powered heroes who made his mere mortal fisticuffs seem ridiculous, but also by the concomitant shift in technology that made his skills as a mechanic useless.

Hollis is the everyman of the story. When superheroes render him obsolete as both a hero and a mechanic, it shows how they render all other ordinary humans obsolete.

In the movie, no major plot element required the oil “addiction” rant. At best, the writers make a minimal one-line attempt to imply that Veidt is hiding his grander scheme behind an alternative-energy project. So, having Veidt rant about the “addiction” to oil was just a clumsy injection of leftist politics that required tossing out one of the most powerful images of the original book! I winced when I saw this gratuitous and vainglorious mutilation of the original. I knew that Alan Moore was a big lefty, and I expected that the movie would contain the leftist tilt of the book, but I got really disgusted at the gratuitous deviations. They did it for no other reason than the commandment of post-modernist morality to exploit any and all personal power for political ends. They had a captive audience and that created an obligation to engage in a little bit of indoctrination.

I really resented paying someone to rant hysterically at me about technological matters which they clearly don’t understand. I find myself growing more and more resentful of the way that leftist intellectuals use their power over our culture’s stories to glorify themselves and their ideas while smearing everyone else.

Lithium batteries charge ahead

Thursday, March 12th, 2009

Lithium batteries charge ahead:

The speed at which a battery can charge is limited by how fast its electrons and ions can move — particularly through its electrodes. Researchers have boosted these rates by building electrodes from nanoparticle clumps, reshaping their surfaces, and using additives such as carbon. But for most lithium-ion batteries, powering up still takes hours: in part because the lithium ions, once generated, move sluggishly from the cathode material to the electrolyte.

That seemed to be the case for lithium iron phosphate (LiFePO4), a material that is used in the cathode of a small number of commercial batteries. But when Ceder and Kang did some calculations, they saw that the compound could theoretically do much better. Its crystal structure creates “perfectly sized tunnels for lithium to move through”, says Ceder. “We saw that we could reach ridiculously fast charging rates.”

So why hadn’t anyone seen this speedy charging in practice? Ceder and Kang theorize that the lithium ions were having trouble finding their way to the crystal structure’s express tunnels. The authors helped the ions by coating the surface of the cathode with a thin layer of lithium phosphate glass, which is known to be an excellent lithium conductor. Testing their newly-coated cathode, they found that they could charge and discharge it in as little as 9 seconds.

Survival List

Wednesday, March 11th, 2009

A few years ago, some folks tried to recruit Rory Miller (Meditations on Violence) for their survivalist cell:

On paper, I’m a pretty good candidate — military combat medic; some experience growing and killing food for myself and my family, some formal training in herbal medicine; tracking; survival training; tactical team leader. Most importantly, I’ve done it before.

That was also the problem: I’ve done it before.

Some of you won’t remember, but in the seventies the world was supposed to end any second. We needed to stop all pollution because the emissions (now called greenhouse gasses) were bringing on an Ice Age. The same math which today shows that there must be alien life was used to prove that nuclear war was mathematically inevitable by 1995. There was absolutely no chance that there would be any oil left by 2000, and unless we could achieve ZPG (Zero Population Growth) immediately, mass famine would destroy civilization. All of that without even bringing into the equation the inevitable economic collapse promised by euro-dollars and the lack of any standard (gold or silver) for currency. Oh, and “stagflation” with both unemployment and inflation in double digits.

My parents bought into this and I was raised on eighty acres in the desert with a creek. Seven miles to the nearest town, forty to the nearest town with more than 500 people. Graduating class of six. We were very nearly self-sufficient for food, water and shelter.

So being raised from the time you are small being told the world was going to end and seeing it not happen on a daily basis makes me a little skeptical of survivalism as a philosophy. Reading enough history to know how commonly people chose to believe the end was at hand over the centuries just added to the skepticism.

Being actively recruited got him thinking about all the people who would show up at the door if there were a major disaster.

Free to Freemium

Tuesday, March 10th, 2009

Web entrepreneur Ranjith Kumaran discusses making the shift from free to freemium. This is the point I enjoyed:

People who don’t believe in paying for web-based services will call you a sell-out. Unsurprisingly, these folks aren’t in your target market.

How to stop the drug wars

Tuesday, March 10th, 2009

The Economist first argued for drug legalization — pardon, legalisation — 20 years ago, and, after reviewing the evidence again, finds prohibition even more harmful — leading it to make a remarkably tepid argument that legalisation is the least bad solution:

“Least bad” does not mean good. Legalisation, though clearly better for producer countries, would bring (different) risks to consumer countries. As we outline below, many vulnerable drug-takers would suffer. But in our view, more would gain.

Nowadays the UN Office on Drugs and Crime no longer talks about a drug-free world. Its boast is that the drug market has “stabilised”, meaning that more than 200m people, or almost 5% of the world’s adult population, still take illegal drugs — roughly the same proportion as a decade ago. (Like most purported drug facts, this one is just an educated guess: evidential rigour is another casualty of illegality.) The production of cocaine and opium is probably about the same as it was a decade ago; that of cannabis is higher. Consumption of cocaine has declined gradually in the United States from its peak in the early 1980s, but the path is uneven (it remains higher than in the mid-1990s), and it is rising in many places, including Europe.

This is not for want of effort. The United States alone spends some $40 billion each year on trying to eliminate the supply of drugs. It arrests 1.5m of its citizens each year for drug offences, locking up half a million of them; tougher drug laws are the main reason why one in five black American men spend some time behind bars. In the developing world blood is being shed at an astonishing rate. In Mexico more than 800 policemen and soldiers have been killed since December 2006 (and the annual overall death toll is running at over 6,000). This week yet another leader of a troubled drug-ridden country — Guinea Bissau — was assassinated.

Yet prohibition itself vitiates the efforts of the drug warriors. The price of an illegal substance is determined more by the cost of distribution than of production. Take cocaine: the mark-up between coca field and consumer is more than a hundredfold. Even if dumping weedkiller on the crops of peasant farmers quadruples the local price of coca leaves, this tends to have little impact on the street price, which is set mainly by the risk of getting cocaine into Europe or the United States.

Nowadays the drug warriors claim to seize close to half of all the cocaine that is produced. The street price in the United States does seem to have risen, and the purity seems to have fallen, over the past year. But it is not clear that drug demand drops when prices rise. On the other hand, there is plenty of evidence that the drug business quickly adapts to market disruption. At best, effective repression merely forces it to shift production sites. Thus opium has moved from Turkey and Thailand to Myanmar and southern Afghanistan, where it undermines the West’s efforts to defeat the Taliban.

Indeed, far from reducing crime, prohibition has fostered gangsterism on a scale that the world has never seen before. According to the UN’s perhaps inflated estimate, the illegal drug industry is worth some $320 billion a year. In the West it makes criminals of otherwise law-abiding citizens (the current American president could easily have ended up in prison for his youthful experiments with “blow”). It also makes drugs more dangerous: addicts buy heavily adulterated cocaine and heroin; many use dirty needles to inject themselves, spreading HIV; the wretches who succumb to “crack” or “meth” are outside the law, with only their pushers to “treat” them. But it is countries in the emerging world that pay most of the price. Even a relatively developed democracy such as Mexico now finds itself in a life-or-death struggle against gangsters. American officials, including a former drug tsar, have publicly worried about having a “narco state” as their neighbour.

The failure of the drug war has led a few of its braver generals, especially from Europe and Latin America, to suggest shifting the focus from locking up people to public health and “harm reduction” (such as encouraging addicts to use clean needles). This approach would put more emphasis on public education and the treatment of addicts, and less on the harassment of peasants who grow coca and the punishment of consumers of “soft” drugs for personal use. That would be a step in the right direction. But it is unlikely to be adequately funded, and it does nothing to take organised crime out of the picture.

Legalisation would not only drive away the gangsters; it would transform drugs from a law-and-order problem into a public-health problem, which is how they ought to be treated. Governments would tax and regulate the drug trade, and use the funds raised (and the billions saved on law-enforcement) to educate the public about the risks of drug-taking and to treat addiction. The sale of drugs to minors should remain banned. Different drugs would command different levels of taxation and regulation. This system would be fiddly and imperfect, requiring constant monitoring and hard-to-measure trade-offs. Post-tax prices should be set at a level that would strike a balance between damping down use on the one hand, and discouraging a black market and the desperate acts of theft and prostitution to which addicts now resort to feed their habits.

Selling even this flawed system to people in producer countries, where organised crime is the central political issue, is fairly easy. The tough part comes in the consumer countries, where addiction is the main political battle. Plenty of American parents might accept that legalisation would be the right answer for the people of Latin America, Asia and Africa; they might even see its usefulness in the fight against terrorism. But their immediate fear would be for their own children.

That fear is based in large part on the presumption that more people would take drugs under a legal regime. That presumption may be wrong. There is no correlation between the harshness of drug laws and the incidence of drug-taking: citizens living under tough regimes (notably America but also Britain) take more drugs, not fewer. Embarrassed drug warriors blame this on alleged cultural differences, but even in fairly similar countries tough rules make little difference to the number of addicts: harsh Sweden and more liberal Norway have precisely the same addiction rates. Legalisation might reduce both supply (pushers by definition push) and demand (part of that dangerous thrill would go). Nobody knows for certain. But it is hard to argue that sales of any product that is made cheaper, safer and more widely available would fall. Any honest proponent of legalisation would be wise to assume that drug-taking as a whole would rise.

Pentagon says Chinese vessels harassed U.S. ship

Tuesday, March 10th, 2009

Pentagon says Chinese vessels harassed U.S. ship:

The Pentagon said Monday that Chinese ships harassed a U.S. surveillance ship Sunday in the South China Sea in the latest of several instances of “increasingly aggressive conduct” in the past week.

During the incident, five Chinese vessels “shadowed and aggressively maneuvered in dangerously close proximity to USNS Impeccable, in an apparent coordinated effort to harass the U.S. ocean surveillance ship while it was conducting routine operations in international waters,” the Pentagon said in a written statement.

The crew members aboard the vessels, two of which were within 50 feet, waved Chinese flags and told the U.S. ship to leave the area, the statement said.

“Because the vessels’ intentions were not known, Impeccable sprayed its fire hoses at one of the vessels in order to protect itself,” the statement said. “The Chinese crewmembers disrobed to their underwear and continued closing to within 25 feet.”

After the Impeccable alerted the Chinese ships “in a friendly manner” that it was seeking a safe path to depart the area, two of the Chinese ships stopped “directly ahead of USNS Impeccable, forcing Impeccable to conduct an emergency ‘all stop’ in order to avoid collision,” the statement said.

“They dropped pieces of wood in the water directly in front of Impeccable’s path.”

A Pentagon spokesman called the incident “one of the most aggressive actions we’ve seen in some time. We will certainly let Chinese officials know of our displeasure at this reckless and dangerous maneuver.”

Different Types of Fights

Tuesday, March 10th, 2009

Rory Miller (Meditations on Violence) describes three different types of fights:

The dominance display sometimes goes to a fight. Not usually, unless you let your ego get involved. I call that one the Monkey Dance and it is common, predictable and seemingly genetically imprinted to be safe. On the rare occassions someone dies in a Monkey Dance it is by falling and hitting their head.

There’s also a display of solidarity, the Group Monkey Dance. There are two levels of this. Both suck, but one can be brutal and pitiless beyond what too many people are ready to accept in their comfortable, safe worlds. The high level GMD is the one type of attack that scares me most, because it is the one that I have least experience dealing with and the one that I have trouble even imagining a high percentage response. I know two strategies to survive them, I’ve used one of those… but I have no evidence that my survival had more to do with what I did than it had to do with what the bad guys didn’t do.

The third is the Predatory Assault. This is the one I think of when I am writing about survival and self defense. This is the one that I plan and train for. [...] The person attacked has to be trained for immediate action regardless of the nature of the attack. What kind of immediate action? It really doesn’t matter. Turning and running could work. I’m partially to irimi. One guy I knew could reliably kick the knee from almost any position. Palm heel to the face is good. But it must be immediate, must bypass the cognitive process.

Free to Freemium

Tuesday, March 10th, 2009

Web entrepreneur Ranjith Kumaran discusses making the shift from free to freemium. This is the point I enjoyed:

People who don’t believe in paying for web-based services will call you a sell-out. Unsurprisingly, these folks aren’t in your target market.

Shakespeare Scholar Identifies True Portrait of the Bard

Monday, March 9th, 2009

For years we have all known what Shakespeare looked like, because a copy of Martin Droeshout’s engraving of him appeared in just about every copy of the bard’s works — but that engraving was from seven years after Shakespeare’s death, when his First Folio was published.

Now a Shakespeare scholar has identified the original portrait on which the engraving was based:

The painting has languished for centuries outside Dublin at Newbridge House, home base of the Cobbe family, where until recently no one suspected it might be a portrait of the Bard. Three years ago, Alec Cobbe, who had inherited much of the collection in the 1980s and placed it in trust, found himself at an exhibition at the National Portrait Gallery in London called “Searching for Shakespeare.” There he saw a painting from the Folger Shakespeare Library in Washington, D.C., that had been accepted until the late 1930s as a portrait of Shakespeare from life. Looking at it, Cobbe felt certain the Folger painting was a copy of the one in his family’s collection. He asked Wells, an old friend, for his help in authenticating it.


The two men arranged to have the Cobbe painting subjected to a battery of scientific tests — tree-ring-dating to determine the age of the wood panel, X-ray examination at the Hamilton-Kerr Institute at Cambridge University and infrared reflectography. The tests produced convincing evidence that the panel dated from around 1610 and was the source for the Folger painting, among others. Wells is now sure of it. “I don’t think anyone who sees [the Cobbe painting] would doubt this is the original,” he says. “It’s a much livelier painting, a much more alert face, a more intelligent and sympathetic face.”

It also matters that the Cobbe painting seems to have been copied more than once. (Wells believes the famous Droeshout engraving was made from one of these copies and not the Cobbe original.) In addition to the Folger, there appear to be three other versions, all from the 17th century. “It suggests that this is someone who was famous enough that there was a demand for copies,” says Wells. “We have a fascinating reference in a play from 1603 in which there is the character of a young man who was obviously a fan of Shakespeare. He quotes bits of Romeo and Juliet and is rather foolish. And he says the line: ‘Sweet master Shakespeare, I have his picture in my study at the court.’ That also shows that there was likely to be a demand for his portrait.”

Kindle 2 Usability Review

Monday, March 9th, 2009


11 years ago, usability guru Jakob Nielsen wrote that electronic books were a bad idea. Has Kindle 2 changed his mind? Yes:

The new version of Kindle, Amazon.com’s dedicated e-book device, recently shipped with an improved display and various other upgrades. It now provides good usability for reading linear fiction (mainly novels), though it’s less usable for other reading tasks.

As an experiment, I bought two copies of the same book: a trade paperback and a Kindle download. Alternating for each chapter, I read half the book in print and half on the Kindle screen. My reading speed was exactly the same (less than 0.5% difference), measured in words per minute.

Of course, one person reading one book is not a proper measurement study. So I can’t say for sure that Kindle has finally reached the nirvana of equal readability for screens and paper. But it did feel that way.

When I was carrying Kindle through the house, I felt like a Star Trek character with a datapad. But when I actually sat down to read the novel, I became so engrossed in the story that I forgot I was reading from an electronic device. This fact alone is high praise for the device designers.

Kindle shines in one area of interaction design: turning the page is extremely easy and convenient. This one command has two buttons (on either side of the device). Paging backwards is a less common action, but it’s also nicely supported with a separate, smaller button.

The device thus offers good support for the task of linear reading — appropriately so, as Kindle’s design is centered on this one use case. While reading, your only interaction is to repeatedly press the next-page button.

Anything else is awkward.

Be Hapful

Monday, March 9th, 2009

To be a good startup founder, Paul Graham says, you need to be relentlessly resourceful — or, you might say, hapful:

A couple days ago I finally got being a good startup founder down to two words: relentlessly resourceful.

Till then the best I’d managed was to get the opposite quality down to one: hapless. Most dictionaries say hapless means unlucky. But the dictionaries are not doing a very good job. A team that outplays its opponents but loses because of a bad decision by the referee could be called unlucky, but not hapless. Hapless implies passivity. To be hapless is to be battered by circumstances — to let the world have its way with you, instead of having your way with the world.

Unfortunately there’s no antonym of hapless, which makes it difficult to tell founders what to aim for. “Don’t be hapless” is not much of rallying cry.

It’s not hard to express the quality we’re looking for in metaphors. The best is probably a running back. A good running back is not merely determined, but flexible as well. They want to get downfield, but they adapt their plans on the fly.

Unfortunately this is just a metaphor, and not a useful one to most people outside the US. “Be like a running back” is no better than “Don’t be hapless.”

But finally I’ve figured out how to express this quality directly. I was writing a talk for investors, and I had to explain what to look for in founders. What would someone who was the opposite of hapless be like? They’d be relentlessly resourceful. Not merely relentless. That’s not enough to make things go your way except in a few mostly uninteresting domains. In any interesting domain, the difficulties will be novel. Which means you can’t simply plow through them, because you don’t know initially how hard they are; you don’t know whether you’re about to plow through a block of foam or granite. So you have to be resourceful. You have to have keep trying new things.

Be relentlessly resourceful.

Could Chrysler sell a turbine now?

Monday, March 9th, 2009

From after World War II until its federal bailout in 1979, Chrysler researched gas-turbine power for automobiles. Could Chrysler sell a turbine now? Probably not, according to Barry Dressel, manager of the Walter P. Chrysler museum:

Chrysler Engineering began working on automotive applications for gas turbines because they were attracted by the multi-fuel capability, along with the reduced number of moving parts and the absence of vibration. The difficulties to overcome included the fact that turbines, even at the lowest end of their operating spectrum, turn at very high rpm and thus consume considerable amounts of fuel at idle, plus the fact that the application of throttle does not produce instantaneous response, but a lag while the turbine “spools-up.” This is basically the same characteristic as the “turbo lag” in turbocharged piston cars.

Turbines also have a high operating temperature, requiring use of special — and expensive — alloys, and the exhaust generates considerable BTUs and exits at a very high temperature.

Turbines are also very loud. Addressing the heat and noise requires considerable more sophistication than required by the piston engine exhaust system. And while our experience with turbine cars even today is that they are quite reliable and require little maintenance, when something does break, its makeup guarantees it will be expensive to replace.

For these reasons it’s easy to see why aircraft and naval applications are ideal for turbines. Today the US and the British navies use destroyers powered not by steam turbines — which require constant maintenance by a comparatively large and well trained crew — but gas turbines, which are “pod” installations requiring less crew to operate and are “overhauled by replacement” during refits. The noise of these units can be dealt with fairly easily, the rpm range required is narrow, and the heat produced can be scavenged for other purposes.

By 1962 Chrysler engineers ameliorated most drawbacks to using a turbine in a domestic automobile so that the renowned fleet of fifty experimental turbine cars with custom built Ghia bodies could sent to consumers for a two-year evaluation program. The verdict the consumer evaluators was favorable overall, although throttle lag remained an issue — especially noticeable in those days of big V-8s.

The big complaint from the consumers was poor fuel economy at idle and lower speeds. Unfortunately, this wasn’t something further refinement could alter very much, since high rpm is inherent in gas turbine operation. I suspect this was the main reason that the U.S. Government ended its support for Chrysler’s turbine research — the Goverment’s goal was to lower fuel consumption in vehicles, not increase it, never mind the fuel flexibility.

Parenthetically, based on our present day experience with our two operative turbine cars, high fuel consumption at idle does result in a lot of exhaust heat BTUs. This may not be a problem with one car, but the possibility of traffic jam including numbers of turbine vehicles, occurring, say, on a steamy summer morning in Atlanta, might have resulted in some interesting thermal pollution problems.

Ultimately the cost of producing turbine vehicles and the inherent drawbacks to their use in an automotive application would have produced very limited market acceptance. In talks about making cars cleaner and more fuel efficient with engineers here, I’ve asked whether a small turbine, turning at a constant rate, wouldn’t be an ideal way to power the generator of an electric motor-driven car. Alas, the noise, high rpm and heat are still expensive problems, and turbines small enough to serve such a purpose are prohibitively expensive compared to existing alternatives, such as small diesels. In a sense, that’s where Chrysler left off. In this context, the allure today of the fuel cell becomes clear.

I do know that both Volvo — the truck and bus company, not the car division now owned by Ford — and NASA have developed the sort of gas-turbo-electric hybrid I mentioned before, but the application has evidently not been feasible in an automobile — only in bigger machines, like buses.

All the types of automotive turbine uses seem to be targeted for larger vehicles — tanks, road equipment, busses, etc. The use of new ceramic materials in place of metal alloys seems to offer thermal efficiencies and economic efficiencies unheard of earlier, and the various researchers interested in gas turbines keep mentioning the future development of practical small automotive gas turbines, but no auto company I know of is currently experimenting with cars in the manner of Chrysler from the 1950s to the 1970s. In the future a small, efficient turbine may be developed that can replace the small diesels presently touted for hybrid cars.

Are big law firms built on implicit leverage?

Monday, March 9th, 2009

Are big law firms built on implicit leverage? Of course they are — but it’s operational leverage:

Over the last few decades – concurrent with the growth of leverage in the financial system – the business model of most large law firms has developed into one built on leverage as well. It is just a leverage which utilizes people rather than borrowed money. Specifically, since law firms generally bill by the hour (a system whose demise has been predicted for the near future and, in my opinion, always will be), firms increase their profitability by increasing the amount billed in respect of each equity partner. Since there is only so much time in the day, firms have tended to increase the ratio of attorneys per equity partner. Without irony, this ratio is known as…”leverage,”

…Now, in times where there is an easy supply of credit work, this system of leverage works very well for all involved. But when the flow dries up, the firms are left with high fixed costs to be serviced – and the more leveraged the firm is, the harder it is to service those costs with reduced revenue. Sound familiar? It should be no surprise that large law firms have been laying off attorneys in far greater numbers than in previous downturns, with some doomsayers (whom I hope are less accurate than their counterparts with respect to the economy generally) predicting additional firm collapses and permanent changes to the firms’ business models. (The one saving grace to the law firm model of leverage is that they can “deleverage” far more easily than banks, as banks can’t merely fire their “troubled assets.”)