Ed. note: Welcome to our daily feature, Quote of the Day.
It’s going to be one of the strongest years on record. There is a lot of good news in these nine months of results.
— Gretta Rusanow, managing director and head of advisory services at Citi Law Firm Group, in comments given to Bloomberg Law, on Biglaw’s boosted revenue through the first three quarters of 2024 compared to last year. “We continue to see demand momentum build from one quarter to the next,” Rusanow said. Per Citi’s figures, law firm revenue grew about 12%, with the biggest firms posting the biggest gains, at 14% for the top 50 largest firms. Demand at the 50 largest firms grew 3.6%, with productivity climbing by 2.9%.
Staci Zaretsky is a senior editor at 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 X/Twitter and Threads or connect with her on LinkedIn.