Egypt is the 16th largest country in the world by population with 80 million people, but it is underrepresented by top law firms. DLA Piper and Baker & McKenzie both have offices in Cairo, and both have shut down operations for the moment. Most businesses in Cairo remain closed as the protests grow both in size and intensity.
Things took a bad turn today when pro government counter demonstrators took to the streets, sparking violent clashes that left at least one man dead and several hundred wounded. The Egyptian army, the most modern army in the Arab world, remained on the sidelines yet again, allowing the protesters to fight it out among themselves.
Posted by joshua
on February 2, 2011. Filed under Breaking News,Law Firm News.
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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. [...]
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