Good morning everyone! It’s Thursday, December 17, and here’s your snapshot of yesterday’s news…
John Schulman, top counsel for Warner Bros for 25 years, has joined MS&K…
Seyfarth Shaw picks up a lateral from Hogan & Hartson…
WilmerHale’s new partnership class is over 50% female…
The FTC wants a piece of Intel….
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Dewey & Leboeuf match the Cravath bonuses…
and Simpson & Thatcher is the only firm that we know of paying bonuses to deferred associates doing public interest work…
Posted by joshua
on December 17, 2009. Filed under Home,Legal 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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