Thompson and Knight LLP has elected five lawyers to partner status. The lawyers are Todd E. Chen, Tye C. Hancock, J. Michael Heinlen, Richard B. Phillips Jr., and Glen A.…
DLA Piper announced today it is laying off 20 lawyers and 34 staff across its Asian offices, in response to the global economic meltdown. DLA Piper has in recent years…
Over 100 employees at one of York, UK’s largest law firms have gone on a four-day week, to save money in the economic meltdown. Solicitors and administrators are among the…
As predicted, Orrick Herrington & Sutcliffe is laying off a total of 300 employees. Orrick has begun a firmwide reduction in its workforce in the United States and Asia and…
Freshfields Bruckhaus Deringer is set shutter its office in Bratislava, Slovakia, closing its only Central and Eastern European office outside Vienna and Moscow. The UK firm will shut its Bratislava…
Fort Worth-based lawyer Tom Schieffer said on Monday he is exploring whether the Texas Democratic Party would back him in a 2010 run for governor of the Lone Star State.…
Intellectual property boutique Volpe and Koenig announced the addition of three new IP attorneys. Abhik A. Huq, Daniel S. Goldberg, and Kristine L. Butler have joined the firm as Of…
Layoffs of legal support staffers have pushed the staffing ratios at some law firms to one support staffer for every four lawyers. The layoffs are forcing associates to take on…
Southern California’s Irell & Manella, an intellectual property litigation and general business litigation firm, has announced pay raises for its associates. As many of you know, in recent days, a…
Blank Rome LLP today announced the Firm will open an office in Los Angeles, California with five new partners, Lawrence C. Hinkle, Andrew F. Kim, Warren A. Koshofer, Glen A.…
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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