A couple of preemptive suits have been filed against Adair Grain, the parent company of West Fertilizer Co, which blew up last week, as we reported earlier, killing 14…
The U.S. Department of Energy took a risk on Fisker Automotive and lost; it granted a $529 million loan to the automaker under its 2009 Advanced Technology Vehicles Manufacturing…
In 2009 News Corps, which is owned and run by the Murdoch Family, with Rupert Murdoch as chairman and CEO and his sons Lachlan and James sitting on the News…
On Friday, the Financial Industry Regulatory Authority published a letter on its website, notifying its members that on Thursday, the FINRA board had formally approved a plan to make…
A woman of Korean descent was horrified when picking up her photos in Egg Harbor City, noticing that instead of her name, Hyun Lee, the CVS clerk had identified her…
An enormous banking scandal in Italy has spread to international investment firms, including America’s own JP Morgan group. On Thursday, Italian tax police arrived at JP Morgan’s Milan offices to…
Judge Victor Marrero is not at all happy about the sorts of deals the S.E.C. has been working out with such folks as the hedge fund SAC Capital Advisors, and…
Everybody wants a piece of Martha Stewart. That’s why two retail giants are going to war over the rights to sell goods emblazoned with her name and image. In the…
When the U.S. investment bank Lehman Brothers collapsed in 2008, the global financial system collapsed with it, to a degree, and the rifts and fissions of its bankruptcy affected the…
Steven Donziger, environmental lawyer superstar, has recently suffered a reversal of fortune worthy of the ancient drama. The New York lawyer has brought a $19 billion verdict against Chevron –…
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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