What Can Biglaw Expect Its Financial Situation To Look Like In 2024?

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

We’re not seeing the peaks we saw in 2021, which were exciting but we knew they weren’t sustainable. We’re not seeing the valleys we saw in 2022 and 2023, which we knew were temporary, but were disconcerting. That pendulum is hopefully returning to middle ground.

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— Bill Josten, strategic content manager for Thomson Reuters, in comments noted by the American Lawyer on the economic path that may lie ahead for Biglaw in 2024.

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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 Twitter and Threads or connect with her on LinkedIn.

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