Ed. word: Welcome to our day by day function, Quote of the Day.
It’s like having an overdraft line of credit score. [Law firms] don’t plan on drawing on it, however realizing it’s there in case you go over is reassuring. It’s checked out as a wise, widespread software.
— Jeffrey Lowe, market president of Washington, DC workplace of authorized advisory and recruiting agency CenterPeak, in feedback given to the American Lawyer, talking typically on regulation agency practices with regards to traces of credit score. Kirkland & Ellis, the No. 1 regulation agency within the nation with regards to gross income, reportedly has a revolving line of credit score that’s in extra of $1 billion, which is 10+ instances the dimensions of the common Am Regulation 100 agency’s revolving credit score line.
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 happy to email her with any ideas, questions, feedback, or critiques. You possibly can comply with her on Bluesky, X/Twitter, and Threads, or join together with her on LinkedIn.
