Ed. notice: Welcome to our day by day characteristic, Quote of the Day.
The very best-profit corporations are utilizing their wallets and their success to then goal the better-performing and higher-generating companions from that subsequent group of corporations. Primarily, in some sense, they’re shopping for the demand from those who’ve it however don’t have enough profitability to pay these individuals. So the demand is getting aggregated to the individuals with the deep pockets.
— Owen Burman, senior marketing consultant at Wells Fargo’s Authorized Specialty Group, in feedback given to the American Lawyer, on the state of the authorized market typically. Burman famous that lateral exercise was up “broadly” this 12 months, with elite corporations taking companions — and demand — from the remainder of the highest 50 corporations.
Staci Zaretsky is the managing editor of Above the Regulation, the place she’s labored since 2011. She’d love to listen to from you, so please be at liberty to electronic mail her with any ideas, questions, feedback, or critiques. You may observe her on Bluesky, X/Twitter, and Threads, or join together with her on LinkedIn.
