Ed.
note:
Welcome
to
our
daily
feature,
Quote
of
the
Day.
The
attributes
that
distinguish
Paul
Weiss
in
the
marketplace
today
are
very
different
from
those
that
distinguished
our
firm
in
2008
or
even
2018.
And
make
no
mistake,
we
must
continue
to
tweak
and
fine-tune
these
attributes,
fully
embracing
the
uncomfortable
reality
that
our
firm
will
look
quite
different
in
2028
and
2035
from
today.
I’m
acutely
aware
that
law
firms
are
dynamic,
organic
bodies
that
must
continually
adapt
to
thrive
in
an
increasingly
hostile
and
competitive
environment.
It’s
absolutely
critical
that
we
evaluate,
and
continually
reevaluate,
what
attributes
distinguish
Paul,
Weiss
in
today’s
marketplace
so
that
we
can
adapt
prudently,
make
wise
investments
and
always
operate
from
a
position
ahead
of
the
curve.
—
Brad
Karp,
chair
of
Paul
Weiss,
in
comments
given
to
the
American
Lawyer,
reflecting
on
what
it
took
for
the
firm
to
take
home
the
honorific
title
of
Law
Firm
of
the
Year
for
2024.
The
elite
firm
was
able
to
thrive
this
past
year,
with
record
profits,
impressive
lateral
hires,
big-time
changes
to
its
compensation
and
partnership
model,
passionate
dedication
to
its
pro
bono
efforts,
and
zealous
representation
in
all
its
ongoing
matters.
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.