Ed. note: Welcome to our daily feature, Quote of the Day.
The simple reason why lawyers like Alex Spiro can charge so much is that the work they do is valuable.
— Professor Jonathan Choi of the Washington University School of Law in St. Louis, in comments given to Business Insider, on Quinn Emanuel partner Alex Spiro’s ever-increasing hourly rate. Business Insider notes that Spiro’s rate has nearly doubled to $3,000 over the last four years. As noted by Choi, “litigants think it’s worth it to have the best lawyer they can“ — and Spiro is one of the best there is.
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.