Most students receiving financial aid from Harvard Law School are required to work for 10 weeks over the summer, the traditional length of a major law firm summer program. But…
Albany Law School has announced a 94% employment rate in legal positions for its 2008 graduating class, outpacing the national average of 90% for all law schools. Each year, Albany…
The Massachusetts Supreme Judicial Court’s Committee on Judicial Ethics has signed off on a proposal that would allow deferred law-firm associates to work for the Trial Court as “volunteer interns,”…
Incoming associates at Cincinnati’s Frost Brown Todd will get a lower salary, although specific numbers have not been released. In addition, the new associates will spend their first 1,000 hours…
Cravath, which in March deferred its 150-member incoming associate class to October or November 2009 or January 2010, has some more deferring to do. First: the 2009 class is being…
In April, New York’s Shearman & Sterling deferred its 2009 associate class. Incoming associates were offered a stipend to defer to 2010. Now the firm has finally announced internally the…
Two senior partners at Edinburgh law firm Tods Murray have quit to join crosstown rival Anderson Strathern. John Biggar, a former chairman of Tods Murray, and partner John Fulton left…
Wiggin and Dana, which in March laid off 14 attorneys and 14 staff, has deferred its incoming associates to February 2010. Those deferred have been offered a stipend, although the…
Connecticut’s Shipman & Goodwin, which cut 26 jobs in April, is deferring three of its eight incoming associates. The three associates joining its Hartford office will start in Fall 2010.…
Blake Lapthorn has decided to keep on only two of its 14 incoming 2009 trainees, according to blogs across The Pond. In May the firm launched its third redundancy consultation…
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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