It’s all about the bottom line, and some partners are going to be left out in the cold.
The post Should We Be Expecting A ‘Wave’ Of Biglaw Partner De-Equitizations In 2025? appeared first on Above the Law.
‘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 follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.
