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Legal Speak is a weekly podcast that makes sense of what's happening in the legal industry. Brought to you by Law.com's global network of reporters and editors, each episode tackles a subject that's worthy of a deep dive—from law firm profit hacks to Supreme Court showdowns to the most promising plays in legal tech. Hosted by Law.com editors Leigh Jones and Vanessa Blum, Legal Speak offers straight talk from experts, plus inside-the-newsroom perspective on market-shaping stories.

May 4, 2018

The country’s largest law firms are increasingly operating in an environment marked by volatility, where client demand ticks up one year and down the next. That leaves law firm managers to grapple with how to plan, how to budget and, not insignificantly, how to manage partner expectations. In this week’s Legal Speak podcast, Gina Passarella, editor-in-chief of The American Lawyer, talks with Gretta Rusanow, head of advisory services for Citi Private Bank’s Law Firm Group, about the issue of volatility and three strategies for hedging against it. For more on the Am Law 100, visit http://www.law.com/americanlawyer.