Ed. note: Welcome to our daily feature, Quote of the Day.
What I’m hearing from firms is while they are cautiously optimistic, they’re almost just looking into 2024 and planning for that, because a lot of their clients aren’t doing any deals right now. While they may have aspirations to do something, they’re just on hold for the foreseeable future.
— Heather McCullough, partner and co-founder of professional services counseling firm Society54, in comments given to the American Lawyer on Biglaw firms’ thoughts on the fourth quarter and beyond, given the fact that the legal profession is still dealing with a slowdown in corporate work. As noted by Am Law, the biggest of Biglaw firms are more “bullish” about the year to come.
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 Twitter and Threads or connect with her on LinkedIn.