Ed. note: Welcome to our daily feature, Quote of the Day.
It enables you to do more deals. We do expect a junior would become what we think of now as a mid-level faster.
— Becky Zelenka, co-head of the private funds group at Fried Frank, in comments given to Bloomberg Law, concerning the firm’s new internally built artificial intelligence platform, FundAssist. She went on to say that instead of cutting the number associates in the PE funds group, the AI tool will help them “ramp up” more quickly.
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.