Is Crowell & Moring in negotiations to merge with Folger Levin & Kahn? That’s the buzz, but the firm’s response has been noncommittal. Folger, which is based out of San Francisco and has an additional office in Los Angeles, has several overlapping practice groups and is in keeping with Crowell’s strategy for long term growth, which includesseeking opportunities to acquire smaller firms. With 56 attorneys and a client list including Citibank, Johnson & Johnson, and Hilton Hotels, Folger would appear to fit the bill nicely.
Posted by joshua
on October 21, 2009. Filed under Home,Law Firm News.
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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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