Good morning everyone. Before we jump into the Monday grind, here’s a quick look back at Friday’s news…
Katten moved up the start dates for some of its incoming associates…
Altman Weil says 3rd quarter law firm mergers are up…
David Shapiro, founding partner of Dickstein Shapiro, has passed away…
Wildman Harrold has rescinded offers to some of its incoming associates…
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and Cooley Godward has let some staffers go…
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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