Good morning everybody! Today is Thursday, November 18th. Here’s a quick recap of yesterday’s stories.
Lisa Murkowski won her bid to be returned to Washington as Alaska’s Senator…
Boies Schiller let three female associates go late last week…
Sidley Austin’s Matthew Sheridan was promoted to practice Co-Head…
Mintz Levin Co-Chairs will be the featured speakers at MIT Conference…
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Hogan Lovells added two partners to its firm, one in Philadelphia, and one in Washington, D.C….
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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