Ed.
note:
Welcome
to
our
daily
feature,
Quote
of
the
Day.
There
are
firms
out
there
who
say,
‘Here’s
your
bonus.
We’re
going
to
spread
it
out
over
one,
two,
maybe
even
three-quarters.’
In
large
part,
it’s,
one,
for
cash
flow
reasons,
and
two,
it’s
sort
of
like
a
golden
handcuff.
If
you
leave,
you
may
not
get
the
money.
—
Blane
Prescott,
managing
shareholder
at
MesaFive,
who
acts
as
a
consultant
to
Biglaw
firms
on
compensation,
in
comments
given
to
the
American
Lawyer,
on
one
of
the
strategies
he’s
seen
firms
use
to
retain
partners
who
otherwise
may
have
left
their
firms
if
not
for
refusing
to
leave
money
on
the
table.
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.
