Last weekwe told you that Crowell & Moring were being hush hush about rumors the firm was prepared to merge with Folger Levin & Kahn. It turns out it wasn’t quite a merger. 29 of the 56 lawyers at Folger’s San Francisco office have signed on with Crowell & Moring, including name partner Michael Kahn, and have expanded the west coast presence for their new firm. The remaining attorneys are forming a new Folger Levin. Most of the firm’s LA lawyers are dispersing to other firms, but four of them are joining Crowell & Moring’s existing LA office.
Crowell & Moring is headquartered in Washington DC, with offices in Irvine, New York City, Los Angeles, London, Brussels, and now San Francisco.
Posted by joshua
on October 26, 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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