Ed. observe: Welcome to our day by day characteristic, Quote of the Day.
I talked to at least one man who heads an enormous New York agency, who stated ‘We simply should spend money on the individuals [we already have], or not less than present them a profession path, or we’re gonna lose them.
— Brad Hildebrandt, chair of Hildebrandt Consulting and one of many authors of the 2024 Shopper Advisory from Hildebrandt Consulting and Citi’s International Wealth at Work Regulation Agency Group, in feedback given to the American Lawyer on one of many causes Biglaw companies are increasing their nonequity associate ranks. The survey notes that 83% of Biglaw companies anticipate to extend the dimensions of their earnings associate roles within the subsequent two years, a “staggering soar” from the 68% projected development reported final yr.
Staci Zaretsky is a senior editor at Above the Regulation, the place she’s labored since 2011. She’d love to listen to from you, so please be at liberty to email her with any suggestions, questions, feedback, or critiques. You may comply with her on Twitter and Threads or join together with her on LinkedIn.