Ed. note: Welcome to our daily feature, Quote of the Day.
We were kind of toying with wording at the nine-month mark, saying depending on how collections are, if you think it would be a good year or a great year, and I think it came out to be a very good year for the industry.
Depending on how the policy changes play out, if the economy holds up, everything’s in place for continuation as we speak.
— Owen Burman, senior consultant with Wells Fargo’s Legal Specialty Group, in comments given to the American Lawyer, concerning the legal industry’s “surging” revenue and profits over the course of 2025. Revenue was up by 12.6%, while profit per equity partner was up 14.8% on average, with Am Law 50 firms seeing even higher gains.
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.
