The American Lawyer’s Summer Hiring Survey reports that large law firms offered fewer jobs to their summer interns, with a drop of about 33% from last year. The drop in offers may be partially attributed to the fact that summer classes were smaller in size. Of the 79 firms surveyed, 56 made fewer offers than they had the year before.
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Am Law Data Shows Job Offers to Summer Associates Fell by One-Third from 2009 …
Posted by EmploymentCrossing
on July 30, 2011. Filed under Home.
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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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