Ed. note: Welcome to our daily feature, Quote of the Day.
If you’re a partner making $15 million a year, another firm paying you $17 million a year doesn’t necessarily move the dial for you. Firms understand that. The pay packages are very reflective right now of what it’s taking to attract other peer-level talent.
— Scott Yaccarino, co-founder of the legal recruiting company Empire Search Group, in comments noted by the ABA Journal, concerning what Biglaw firms are doing to get more creative with their compensation packages for lateral candidates. According to Yaccarino, some firms are offering more equity shares to lateral partner prospects to make their firms look more attractive in the recruitment race.
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.
