Looking Ahead To 2025: Reining In Partners' Compensation Expectations

Things may look great financially, but law firm leaders still want to be cautious.

By Staci Zaretsky

onOctober 10, 2024 at 4:42 PMOctober 10, 2024 at 2:40 PM

Ed. note: Welcome to our daily feature, Quote of the Day.

There’s a difference from what they tell their partners and what they expect. A lot of managing partners want to be conservative.

— Blane Prescott, a managing partner and law firm consultant at MesaFive, in comments given to the American Lawyer on what law firm leaders are doing to manage expectations for partner compensation and budgets going into 2025. While many are “bullish” about the year ahead, they may be far more prudent when making their 2025 budgets.

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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 X/Twitter and Threads or connect with her on LinkedIn.

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