‘Stay
away
from
my
equity!’
Ed.
note:
Welcome
to
our
daily
feature,
Quote
of
the
Day.
This
trend
isn’t
over.
I
think
it
will
continue,
at
least
in
a
trickle,
if
not
a
wave.
It’s
a
way
for
firms
to
save
a
lot
of
money.
2025
is
shaping
up
to
likely
be
a
busy
year
at
firms,
[but]
even
given
that,
firms
will
forever
try
to
protect
their
profit
per
equity
partner,
and
so
I
don’t
think
we’re
done
with
partners
losing
their
equity
if
their
books
have
shrunk
or
they’re
billing
fewer
hours.
—
Kate
Reder
Sheikh,
a
recruiter
at
Major,
Lindsey
&
Africa,
in
comments
given
to
the
American
Lawyer,
on
the
partner
pay
cuts
and
de-equitizations
that
have
now
become
routine
within
Biglaw.
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
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on Bluesky, X/Twitter,
and Threads, or
connect
with
her
on LinkedIn.