Good morning! Today is Thursday, February 18, and here’s a quick look back at yesterday’s headlines…
Citizens are nearly united against the Citizens United ruling…
Kilpatrick Stockton picked up a pair of partnersfrom Winston & Strawn…
The DoJ issued indictments in two noteworthy cases…
Another study shows fewer lawyers are making partner during the recession and recovery…
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Latham & Watkins saw a decline in revenue in 2010, but per partner profits were up…
A pair of Chicago firms are moving into new digs…
Allen & Overy is opening up in Qatar…
Kaye Scholer has a new co-managing partner…
Gibson Dunn increased revenue and per partner profits last year…
While things remained steady at Greenberg Traurig…
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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