Ed. be aware: Welcome to our each day function, Quote of the Day.
We discuss cautious optimism going into the fourth quarter—that could be inflicting some extra of the warning we’re seeing within the market. We may have an excellent 12 months. However it could simply be a fairly good 12 months.
— Owen Burman, senior guide for Wells Fargo’s Authorized Specialty Group, in feedback given to the American Lawyer, regarding the group’s newest report, which famous that “elite” companies within the Am Legislation prime 50 could also be setting the curve for the Am Legislation 200’s “strong” profitability. Whereas the Am Legislation 50 noticed demand progress of three%, the very best of the very best companies inside that group noticed demand progress of 5%. Les Starck, one other senior guide for Wells Fargo, stated the elite companies “actually are carrying a lot of the demand progress.”
Staci Zaretsky is the managing editor of Above the Legislation, the place she’s labored since 2011. She’d love to listen to from you, so please be at liberty to e mail her with any suggestions, questions, feedback, or critiques. You possibly can comply with her on Bluesky, X/Twitter, and Threads, or join along with her on LinkedIn.
