This year's Am Law 100 results are out and the story for America's biggest law firms is pretty rosy—5.5 percent gross revenue growth. But there's a catch: volatility.

Am Law 100 firms are increasingly operating in an environment where client demand ticks up one year and down the next. That leaves managers to grapple with how to plan, how to budget and, not insignificantly, how to manage partner expectations.

➤➤ FULL COVERAGE: The 2018 Am Law 100

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.

Listen to the podcast here or find us on Apple Podcasts  Google Play, or Libsyn.