On Friday, the Republican National Committee elected its first black chairman, former Maryland lieutenant governor and Dewey & LeBoeuf partner Michael Steele. It’s great how just out of nowhere, and…
Olswang has begun a redundancy consultation targeted at 8% of the firm’s 618-strong UK workforce. The firm announced today that up to 42 staff in the UK will be affected…
Minneapolis-based Dorsey & Whitney saw flat revenues, with a small decrease in profits per partner for 2008. Gross revenues were just over $367 million, and profits per partner were $661,000,…
From The Legal Intelligencer: Craig T. Kimmel and Robert M. Silverman, founders of one of the largest lemon law practices in the northeastern United States, continue to try to stave…
Stephen P. Younger, a partner at New York City’s Patterson Belknap Webb & Tyler, has been elected the 113th President of the New York State Bar Association. Younger will become…
Hope you’re interested in Canada this morning. Canada.com has a story about the frustrations faced by female lawyers, and a new women’s professional mentoring program in Calgary. Patricia McLeod bumped…
David Wilkins, recent US ambassador to Canada recently came to an end and former speaker of the South Carolina House, is returning to a practice of law, joining the government…
The New York Law Journal has consulted with experts, and finds that lawyers who fled Dreier LLP as soon as they heard that founder Marc Dreier was arrested and indicted…
The WSJ Law Blog summarizes the findings in a report by The American Lawyer about the enormous rise in laterals over the last year. Overall, 2,509 partners moved laterally between…
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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