Addled company Chesapeake Energy Corp saw a glint of sunlight now that they’ve won the right to redeem $1.3 billion in notes early, though the note’s trustee, Bank of…
Former SAC Capital employees continue to be found guilty of insider trading, as when in December Anthony Chiasson was convicted of securities fraud and conspiracy. Sentencing is coming up,…
29 year-old Robin Aleo slid to her death in July 2006 when she used a 6-foot inflatable pool slide on her pool deck only for it to collapse at…
On Friday, a lawyer representing the United Mine Workers of America told the U.S. Bankruptcy Court in St. Louis that union workers would be compelled to go on strike if…
Two casinos have been at each other’s throats, Wynn Resorts Ltd and those owned by Kazuo Okada; the owners used to be on good terms, but when Wynn donated…
The tentacles of Obamacare are starting to coil around employers now that the Internal Revenue Service has released its proposed rules for how the 2010 Affordable Care Act is…
Mozilla, maker of Firefox, the world’s most popular web browser, has a problem. Gamma International Ltd. is passing off a product that looks and acts like Firefox, but which…
Thomson Reuters reported U.S. District Judge Jed Rakoff challenged a fraud statute the United States government applied against Bank of America Corp. in litigation involving the sale of mortgages…
According to The Guardian, Facebook is losing users in the social media universe. Newer social media sites like Path and Instagram are taking over market share. Millions of users…
In their civil suit against former American International Group CEO Maurice Greenberg, the office of the New York Attorney General is dropping a claim for damages. The decision was…
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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