Ed.
note:
Welcome
to
our
daily
feature, Quote
of
the
Day.
The
trend
is
clearly:
firms
are
becoming
much
more
careful
[about
expanding
in
their
equity
tier.]
— Blane
Prescott,
a
law
firm
consultant
on
compensation
issues
and
managing
shareholder
at
MesaFive,
in
comments
given
to
the
American
Lawyer,
concerning
equity
partner
ranks
remaining
stagnant
or
decreasing
in
size
among
Am
Laaw
200
firms.
At
the
end
of
the
day,
this
means
more
take-home
cash
for
the
equity
partners
who
remain.
Staci
Zaretsky is
the
managing
editor
of
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.