Ed. note: Welcome to our daily feature, Quote of the Day.
The attributes that distinguish Paul Weiss in the marketplace today are very different from those that distinguished our firm in 2008 or even 2018. And make no mistake, we must continue to tweak and fine-tune these attributes, fully embracing the uncomfortable reality that our firm will look quite different in 2028 and 2035 from today.
I’m acutely aware that law firms are dynamic, organic bodies that must continually adapt to thrive in an increasingly hostile and competitive environment. It’s absolutely critical that we evaluate, and continually reevaluate, what attributes distinguish Paul, Weiss in today’s marketplace so that we can adapt prudently, make wise investments and always operate from a position ahead of the curve.
3 Ways Lawyers Are Finding New Efficiencies With AI
Those who’ve adopted legal-specific systems are seeing big benefits.
— Brad Karp, chair of Paul Weiss, in comments given to the American Lawyer, reflecting on what it took for the firm to take home the honorific title of Law Firm of the Year for 2024. The elite firm was able to thrive this past year, with record profits, impressive lateral hires, big-time changes to its compensation and partnership model, passionate dedication to its pro bono efforts, and zealous representation in all its ongoing matters.
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 Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.