Ed. note: Welcome to our daily feature, Quote of the Day.
Labor Day is when firms traditionally get back down to business. Right now, everyone is getting distracted with high school and college graduations, vacations, stuff like that. Once Labor Day rolls around, firms will say ‘let’s roll up our sleeves’ and will slog it out until New Year’s. They have a renewed focus on where they want to be.
— Jeffrey Lowe, CenterPeak executive and Washington, D.C., market president, in comments given to the American Lawyer, concerning one of the reasons why he thinks the majority of Biglaw firms have yet to match the latest associate salary war that began with Milbank and has since spread to more than a dozen Biglaw and elite boutique firms.
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.
