Blawgs are reporting on rumors that global law juggernaut DLA Piper plans to force out some equity partners. The finance and projects groups are said to be particularly targeted, at the offices in the United Kingdom and Dubai.
Earlier this month, the firm laid off 21 lawyers and 100 staff in Chicago and New York.
The firm has made no official comment.
If you know anything about pending layoffs at DLA Piper, please — send us a confidential tip!
DLA Piper is one of the largest law firms in the world. It is a legal services organization whose members and affiliates are separate and distinct legal entities. The organization boasts more than 3,500 lawyers in 29 countries and 65 office.
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Posted by Erik Even
on July 24, 2009. Filed under Home,Law Firm News,Layoffs,World News.
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Attorney Career Resources is sponsored by BCG Attorney Search, the nation's leading placement firm, specializing in law firm placements.
Law firms of all sizes are being much more selective about who makes equity partner. Gone are the days where doing good work and putting in your time is enough to get you to a profit sharing level. Today, equity partners almost always have to prove that they can contribute their share to the firm. So what does this mean for associates and how can a two-tiered partnership track be beneficial? With a two-tiered partnership structure, associates get more time to prove themselves and also more time to determine whether partnership is the right goal for them. Two-tier partnerships (non-equity and equity) exist so the firm can train and develop associates into equity partners. The non-equity track to partner at most firms is on average, 6 years long. [...]
May 16, 2013 Read More
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