{"id":101691,"date":"2025-01-24T11:03:37","date_gmt":"2025-01-24T19:03:37","guid":{"rendered":"https:\/\/xira.com\/p\/2025\/01\/24\/which-biglaw-firms-are-using-golden-handcuffs-to-keep-partners-from-making-lateral-moves\/"},"modified":"2025-01-24T11:03:37","modified_gmt":"2025-01-24T19:03:37","slug":"which-biglaw-firms-are-using-golden-handcuffs-to-keep-partners-from-making-lateral-moves","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2025\/01\/24\/which-biglaw-firms-are-using-golden-handcuffs-to-keep-partners-from-making-lateral-moves\/","title":{"rendered":"Which Biglaw Firms Are Using \u2018Golden Handcuffs\u2019 To Keep Partners From Making Lateral Moves?"},"content":{"rendered":"

Not so fast, partner. Don’t you want the rest of your bonus? You’re going to have to stick around at the firm a while longer…
\nThe post Which Biglaw Firms Are Using \u2018Golden Handcuffs\u2019 To Keep Partners From Making Lateral Moves? appeared first on Above the Law.<\/p>\n

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\"\"Ed. note<\/u>: Welcome to our daily feature, Quote of the Day<\/a>.<\/em><\/p>\n

[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\u2019t dealing with, hence they think they need golden handcuffs to keep people there.<\/strong><\/p>\n

\u2014 Blane Prescott, a managing shareholder at MesaFive who consults with firms on compensation, in comments given to the American Lawyer<\/a>, on one of the methods Biglaw firms may use to discourage partners from making lateral moves. Prescott went on to say he isn\u2019t a \u201cbig fan\u201d of this technique and doesn\u2019t 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<\/a>.<\/em><\/strong><\/p>\n

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\"StaciStaci Zaretsky<\/a>\u00a0is a senior editor at Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on\u00a0Bluesky<\/a>,\u00a0X\/Twitter<\/a>, and\u00a0Threads<\/a>,\u00a0or connect with her on\u00a0LinkedIn<\/a>.<\/em><\/strong><\/p>\n

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Not so fast, partner. Don’t you want the rest of your bonus? You’re going to have to stick around at the firm a while longer… The post Which Biglaw Firms Are Using \u2018Golden Handcuffs\u2019 To Keep Partners From Making Lateral Moves? appeared first on Above the Law. Ed. note: Welcome to our daily feature, Quote […]<\/p>\n","protected":false},"author":0,"featured_media":101692,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,17],"tags":[],"class_list":["post-101691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law","category-legal_matters"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/xira.com\/p\/wp-content\/uploads\/2025\/01\/Golden-handcuffs-Ujst6u.jpeg?fit=636%2C475&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/101691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=101691"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/101691\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/101692"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=101691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=101691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=101691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}