Ed. note: Welcome to our daily feature, Quote of the Day.
It’s a very strong market. [Collections in the second half of the year will] determine the extent to which this is just a good year or a great year.
— Owen Burman, a senior consultant and managing director of the Wells Fargo Legal Specialty Group, in comments given to Reuters, concerning its survey of more than 140 law firms, which revealed that revenue at Biglaw firms grew 12.4% on average during the first six months of the year. On top of that, demand saw growth of 4.8%, which Burman said is “near the highest the group has seen.”
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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