There is about 20% of the market that are not performing as well as they would like. That is more the case with the Second Hundred and the smaller firms, but there is a small group of Am Law 100 firms in there as well. The question for those firms is what is the path that makes the most sense for them.
— Kent Zimmermann, a legal consultant at Zeughauser Group, commenting on the Biglaw firms that underperformed in 2021 compared to other firms in the Am Law 100, some of which set unprecedented financial records.
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 or connect with her on LinkedIn.