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We have yet to hit the month of May and now 70 partners have left the law firm of Dewey & LeBoeuf. The latest partner to leave exits from…
A hunter in the state of Florida accidentally shot his girlfriend because he mistakenly thought that she was his intended target. By the way, his intended target while on…
Late in the day on Monday, the Sanford City Commission rejected the resignation of Police Chief Bill Lee by a vote of 3-2. Lee was harshly criticized for not…
Representative Allen West, a Republican from Florida, called Democratic lawmakers ‘communists’ and it got him into a little bit of hot water recently. West was scheduled to be the…
Vikram Pandit, the Chief Execuive for Citigroup Inc, along with the bank’s directors, have been sued for awarding outsized compensation for its highest executives. The complaint was filed on…
A trial lawyer from California claims that he did not have the authority to settle a case for $350,000 just before the jury said that they planned to give…
Two well-known law firms from Los Angeles have been sued by the financier within the entertainment industry. The lawsuit claims that the law firms aided and abetted a reported…
The job market for law students graduating this year from North Carolina law schools is still anemic compared to a decade ago. “This is really not a good…
Opening statements are scheduled to begin today in the trial of John Edwards, which is being held in Greensboro, North Carolina. The trial will determine whether or not the…
It has been reported by experts that a woman from New Zealand more than likely suffered her deadly heart attack because of a 2-gallon-a-day Coca-Cola habit. Natasha Harris, 30,…
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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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