Good morning! Today is Wednesday, January 27, and here’s a look back at Tuesday’s news…
Bass Berry promoted seven to partner and added ten associates…
Vinson & Elkins expanded its middle east practice with the addition of two laterals…
A prison ban on Dungeons & Dragons was upheld by the 7th Circuit…
Happy days are here againat Chadbourne & Parke…
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Seyfarth Shaw added one to its IP practice…
A Florida firm is suing over the fraudulent copying of its website…
A former AG has been retained by a private school to help block UMass from opening a law school…
Wilmer Hale adds a former deputy director of the SEC…
And the Florida Bar sent its members a request for donations for Haiti relief efforts…
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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