Ed.
note:
Welcome
to
our
daily
feature,
Quote
of
the
Day.
[I’m]
not
shocked
that
there
are
deferrals
happening
[and]
not
sure
this
is
going
to
be
the
last
firm
that’s
going
to
decide
to
defer.
[The
slowness
in
VC
work
is]
an
unhealthy
canary
in
the
coal
mine.
—
Kate
Reder
Sheikh,
a
partner
in
the
associate
practice
group
at
recruiting
firm
Major
Lindsey
&
Africa,
in
comments
given
to
Law.com,
concerning
A&O
Shearman’s
recent
deferral
of
associates.
Sheikh
went
on
to
say
that
M&A
had
recently
made
fewer
than
500
associate
hires
compared
to
more
than
2,000
litigation
associate
hires,
and
that
she’d
“never
seen
such
an
imbalance.”
Staci
Zaretsky is
the
managing
editor
of
Above
the
Law,
where
she’s
worked
since
2011.
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