Good morning everyone! Today is Wednesday, July 14th. Here’s a quick recap of yesterday’s stories.
A Cadwalader partner earned M&A Advisor Honor…
Reed Smith added four partners to its energy group…
Brownstein added two new partners to its practice…
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The Senate Judiciary Committee delayed a preliminary vote on Supreme Court nominee Elena Kagan…
The Gibson law firm introduced a BP claims service…
Former U.S. Senator and HUD secretary Mel Martinez left DLA Piper for JP Morgan Chase & Co…
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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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