Good morning! Today is Thursday, July 22, and here’s a look back at yesterday’s news…
Lindsay Lohan lost another lawyer on her way to jail…
A UC Berkley report finds that law professors lean to the left…
Merger talksbetween Townsend & Townsend and Kilpatric Stockton have broken down…
Ulmer & Berne add three lawyers in Ohio…
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and summer hiring among top law first is down significantly this year…
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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