So I've been giving this ALOT of thought lately because I just wasted 120mls of liquid =(.
but ive come to the conclusion to NOT compensate for the bubble. Im pretty sure that lil bubble that you get when pulling the plunger up is the air inside the needle. Thats the only possible source of air to produce that bubble, especially when you have the plunger all the way down. Now, I used to just to suck up some fluid and then dispense it back into the container and then pull the needle up thus removing all possible air bubbles. Im not going to do this anymore because I am once again compensating. So for super accurate measurements use syringes and do not compensate for the bubble because that bit of space is already being compensated for in the needle. The vacuum that is created by the syringe is holding that liquid in the needle and that bubble is approximately the space that is inside the needle, therefore there is not need to dispense with the bubble or compensate for it.