Ed. note: Welcome to our daily feature, Quote of the Day.
It’s not that firms are running out of options. It’s that firms need to make their way into the world of the possible, weigh their options and pick the ones that will produce the most value.
— Kent Zimmermann, a consultant at the Zeughauser Group who regularly advises large law firms on mergers, in comments given to Reuters on the need for law firms to be more realistic when searching for potential merger partners. Zimmerman is currently advising several firms on their merger options.
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.