Ed. observe: Welcome to our every day characteristic, Quote of the Day.
The best-profit companies are utilizing their wallets and their success to then goal the better-performing and higher-generating companions from that subsequent group of companies. Primarily, in some sense, they’re shopping for the demand from those who’ve it however don’t have adequate profitability to pay these folks. So the demand is getting aggregated to the folks with the deep pockets.
— Owen Burman, senior advisor 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 companies taking companions — and demand — from the remainder of the highest 50 companies.
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 email her with any suggestions, questions, feedback, or critiques. You possibly can comply with her on Bluesky, X/Twitter, and Threads, or join together with her on LinkedIn.
