Ed. note: Welcome to our daily feature, Quote of the Day.
When you’re operating in a modest demand growth environment overall—meanwhile, the cost of running these very sophisticated businesses is increasing—we will see continued consolidation occurring.
When you’re in an industry that grows demand on average less than 1% from one year to the next, the way to outperform your peers is to buy that growth [through mergers or lateral hiring]. The way to outperform your peers is to take market share from others.
— Gretta Rusanow, managing director and head of advisory services at Citi’s Law Firm Group, in comments given to Bloomberg Law, concerning the likelihood that law firm mergers will continue apace in 2026 after a year of consequential combinations in 2025.
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.
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