Ed. note: Welcome to our daily feature, Quote of the Day.
There’s more warning signs popping up, even on the strategic side.
Virtually every managing partner I know [is] more careful about predicting how well their firm is going to do this year.
— Blane Prescott, law firm management consultant at MesaFive, in comments given to the American Lawyer, concerning deal work inventory this year, and the lack thereof for certain firms. Compared to this time last year, some law firms are “suddenly see their workloads getting a little lighter,” he said, “and that’s started to make them nervous.”
Staci Zaretsky is the managing editor of Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.
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