Ed. note: Welcome to our daily feature, Quote of the Day.
Almost every firm outside the top 20 by PEP in the Am Law 100 is either pursuing a deal or talking about pursuing one. A core reason has to do with compensation: having enough money and flexibility relative to competitors to keep up with what bigger, more profitable competitors are paying.
— Kent Zimmermann, law firm adviser at Zeughauser Group, in comments given to the American Lawyer, concerning the uptick in merger talks that are currently happening among Am Law 100 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.