Ed.
note:
Welcome
to
our
daily
feature,
Quote
of
the
Day.
[They]
think
by
holding
on
to
your
money
(assuming
they
have
an
agreement
that
says
they
keep
it
if
you
leave
before
it
gets
paid
out)
that
that
will
trap
you
in
the
firm.
It
is
not
a
common
approach,
and
frankly
those
firms
tend
to
have
other
problems
they
aren’t
dealing
with,
hence
they
think
they
need
golden
handcuffs
to
keep
people
there.
—
Blane
Prescott,
a
managing
shareholder
at
MesaFive
who
consults
with
firms
on
compensation,
in
comments
given
to
the
American
Lawyer,
on
one
of
the
methods
Biglaw
firms
may
use
to
discourage
partners
from
making
lateral
moves.
Prescott
went
on
to
say
he
isn’t
a
“big
fan”
of
this
technique
and
doesn’t
see
its
use
increasing
in
the
future.
Is
your
firm
using
golden
handcuffs
to
keep
partners
in
place?
Please
let
us
know,
either
via
text
(646-820-8477)
or
email.
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.
