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.