Credit: freshidea/Adobe StockLaw Firms Turn to 'Golden Handcuffs' to Rein In Partner Movement
Many firms are increasingly implementing strategies such as clawbacks and deferred compensation to discourage partners from leaving, noted legal recruiter Mike Parrillo.
January 24, 2025 at 06:00 AM
5 minute read
With lateral movement among top firms expected to increase, and more firms expanding their bonuses, don’t be surprised if more carrots in Big Law also function as sticks in 2025.
The practice of holding back bonuses or a larger portion of partner compensation toward the end of the year, creating what's called “golden handcuffs” to deter partners from firm-hopping, is on the rise, according to some industry observers.
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