Ed.
note:
Welcome
to
our
daily
feature,
Quote
of
the
Day.
It
is
like
having
an
overdraft
line
of
credit.
[Law
firms]
don’t
plan
on
drawing
on
it,
but
knowing
it
is
there
in
case
you
go
over
is
comforting.
It
is
looked
at
as
a
smart,
common
tool.
—
Jeffrey
Lowe,
market
president
of
Washington,
DC
office
of
legal
advisory
and
recruiting
firm
CenterPeak,
in
comments
given
to
the
American
Lawyer,
speaking
generally
on
law
firm
practices
when
it
comes
to
lines
of
credit.
Kirkland
&
Ellis,
the
No.
1
law
firm
in
the
country
when
it
comes
to
gross
revenue,
reportedly
has
a
revolving
line
of
credit
that’s
in
excess
of
$1
billion,
which
is
10+
times
the
size
of
the
average
Am
Law
100
firm’s
revolving
credit
line.
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.