Jonathan Eady Discusses AGG Performance and Strategy in Daily Report
In a February 14, 2023, article published by the Daily Report discussing AGG’s 2022 performance metrics based on the AmLaw 200 survey, AGG managing partner Jonathan Eady shared perspective on the firm’s strategy and positive outlook on key areas for the firm’s clients.
With transactional real estate and M&A work remaining active and potential economic turbulence on the way, AGG has invested in its talent to meet client needs with the recruitment of experienced laterals and pay increases for associates. This has included additions to the firm’s Real Estate practice and several experienced litigators, particularly in healthcare matters.
“The transactional practices were incrementally busier than the litigation practices,” Jonathan said of 2022 work, adding that litigation and healthcare were steady. In saying that any pause or slowdown in the frenzied transactional activity would be limited, he added that the economy today does not resemble more recent downturns that had a greater impact. “The recessionary pressures that the legal marketplace is experiencing feel nothing like 2008 — much more like normal cycles.”
Jonathan also discussed AGG’s response to the greater legal market trend in the Southeast of law firm mergers. While there are no near-term mergers in the plans, the firm is in constant talk with excellent attorneys as potential lateral partners, which could one day include attorneys beyond the firm’s Atlanta and Washington, D.C. footprint.
“Top 10 business and legal market cities are relevant for consideration, and we’ve looked at opportunities over time, but it would need to be driven by quality people with a good practice,” Jonathan said.
However, Jonathan noted that Atlanta’s economic boom has kept the firm busy and in excellent position in its current state, posting its highest revenues ever, saying “that’s not a bad year.”
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- Jonathan E. Eady