Dorsey & Whitney LLP, a leading US law firm with more than 850 lawyers, continued to suffer from revenue losses as the firm’s gross revenue dipped for the second consecutive…
After setting the financial benchmark for year-end bonuses in late November, Cravath, Swaine & Moore confirmed that the firm will also provide special spring bonus to all of its associates.…
On Friday, Greenberg Traurig terminated corporate partner David Tamman, who is facing administrative proceedings brought by the SEC involving work he did for a client while he was a partner at…
Kaye Scholer hired former Reed Smith partner, Michael A. Smith, to strengthen its Corporate & Finance practice. Smith will serve as the partner of Kaye Scholer’s Corporate & Finance Department in…
Patton Boggs, a premiere international law firm with more than 600 lawyers, announced that the firm registered a slight uptick in its revenue for 2010. Patton Boggs confirmed that both…
DLA Piper is set to become the world’s largest law firm by number of attorneys once its merger deal with DLA Phillips Fox, a trans-Tasman law firm and DLA Piper’s Australian alliance partner,…
McKenna Long & Aldridge, an leading international law firm with more than 475 lawyers, announced that aside from grades, law review note, or Dalai Lama internship, the firm is now…
After three consecutive years of decline, Sonnenschein Nath & Rose LLP, a premiere international law firm with more than 800 lawyers, reported that its profits per equity partner (PPP) are…
Lathrop & Gage opened a new office in downtown Boston, Massachusetts as part of its aggressive plan to expand its intellectual property practice and boost its national presence. The new Boston…
Jones Day, a leading international law firm with over 2,500 lawyers, announced the addition of three lawyers from Mayer Brown. The three new lawyers, Michael R. Butowsky, Olga Loy and…
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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