Shearman & Sterling reports a 4.9% drop in revenues to $876 million for 2008, and a 9.6% fall in profits per equity partner, to $1.665 million. Revenue per lawyer remained…
Adorno & Yoss is expanding its Atlanta office at a time when many national firms are instituting hiring freezes or layoffs. The firm has added 13 lawyers — eight partners…
New York’s Kramer Levin has confirmed it laid off 18 lawyers and 21 staff members. From managing partner Paul Pearlman: It is not surprising that the economic downturn confronting the…
Law firm Cooley Godward Kronish has established a fellowship at Harvard Law School’s Cyber Law Clinic at the Berkman Center for Internet & Society. The Palo Alto, California law firm,…
Former Ambassador David Gross, the US Coordinator for International Communications and Information Policy, will join Wiley Rein as a partner in the firm’s communications practice. Gross, who will start work…
Freshfields Bruckhaus Deringer is asking some of its trainees to push back their start dates with the firm. A number of trainees set to join the firm in August 2010…
Final details of Linklaters’ “New World” are starting to emerge, with 14 associates in the firm’s banking practice and 16 in corporate selected for redundancy. The firm started informing those…
Cardiff’s Darwin Gray has expanded its commercial litigation team. Chris Davies, a newly qualified solicitor, will be assisting partners Jason Smith and Steve Thompson in general business affairs, business sales…
Simmons & Simmons has announced a review that could lead to layoffs of up to 20 associates and 49 support staffers. Last year, the firm laid off eight associates and…
Former Attorney General Michael B. Mukasey announced this afternoon that he will join the law firm Debevoise & Plimpton as a partner. The retired federal judge from New York will…
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
 |
||
| Search Thousands of Legal Jobs | ||
|
Job Type: |
||
 |
||
|
Browse Jobs by Location: |
||
|
||
| Keyword Search: | ||
|
||
Recent comments