Biglaw Firms Poised To Have An Incredibly Strong Financial Year

Ed. note: Welcome to our daily feature, Quote of the Day.

I think all signs are pointing to a strong year. I think this will be one of the strongest years we see, in terms of law firm performance.

— Gretta Rusanow, head of advisory services for Citi’s Global Wealth at Work Law Firm Group, in comments given to the American Lawyer, on the legal industry’s upward progress thus far in 2024. According to Citi’s six-month dispatch report, compared to the first six months of 2023, demand was up 2.9%, productivity was up 2.1%, and revenue was up 11.4%. After such a strong start and expected rate cuts from the Federal Reserve, Rusanow said she was “feeling even more optimistic” about where the industry is headed.

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 X/Twitter and Threads or connect with her on LinkedIn.