Yesterday, voters in Maine cast ballots on Proposition 1. Proposition 1 was a “voter veto” bill, which means it was written to strike down a law passed by the legislature that would have allowed gay marriage within the state. The final tally was 53-47 in favor of striking down the law. Because this has the same effect as a veto, the legislature can override it in their next session if they choose to do so.
Five states currently allow same sex marriages, Iowa, Massachusetts, Vermont, New Hampshire and Connecticut, but all five are the result of legislative or court decisions. Gay marriage has been denied in each of the 31 states where the decision has been left to popular vote.
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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