Ed. observe: Welcome to our day by day function, Quote of the Day.
We speak about 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 ideal yr. However it might simply be a fairly good yr.
— Owen Burman, senior advisor for Wells Fargo’s Authorized Specialty Group, in feedback given to the American Lawyer, in regards to the group’s newest report, which famous that “elite” corporations within the Am Legislation prime 50 could also be setting the curve for the Am Legislation 200’s “sturdy” profitability. Whereas the Am Legislation 50 noticed demand progress of three%, the very best of the very best corporations inside that group noticed demand progress of 5%. Les Starck, one other senior advisor for Wells Fargo, stated the elite corporations “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 happy to email 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.
