Ed.
note:
Welcome
to
our
daily
feature,
Quote
of
the
Day.
Some
of
the
best
law
firms
in
New
York
City
still
have
that
old
mindset
of
…
chasing
a
deal.
We
had
the
luxury
of
not
having
the
history
of
150
years
of
representing
James
Pierpont
Morgan
or
Mr.
Goldman.
We
invested
in
our
clients.
We
thought
about,
where
do
the
clients
want
to
be
in
five
years,
10
years,
and
what
skills
are
we
going
to
need
to
bring
to
our
platform
to
be
that
consigliere,
that
strategic
adviser
to
our
very
best
clients.
When
you
have
a
bet-your-company
M&A
matter,
when
you
have
a
bet-your-company
controversy
…
I
want
someone
to
think,
‘We
need
to
call
Latham
&
Watkins.’
I
want
us
to
be
the
only
firm
that
comes
to
mind.
—
Marc
Jaffe,
managing
partner of
Latham
&
Watkins’
New
York
office,
in
comments
given
to
the
American
Lawyer,
on
the
firm’s
strategy
in
the
city
as
a
“talent
aggregator”
that
can
“exercise
dominance”
over
the
competition.
“There
are
firms
that
we
compete
with
in
slices,
in
products.
I
think
there
is
no
firm
that
presents
to
the
market
the
breadth
of
…
market
leadership
that
we
do,”
he
said.
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 Bluesky, X/Twitter,
and Threads, or
connect
with
her
on LinkedIn.