In March, London’s Allen & Overy announced it would retain only 70% of its trainees for September 2009 and March 2010. Now the firm has added it will take on…
Global intellectual property firm Fish & Richardson, which earlier this month laid off 35 lawyers and 85 staff, has rescinded job offers to one-third of its 2009 incoming associate class.…
First, Manhattan’s Skadden announced that 2009 Summer Associate Program 3Ls, if they are offered jobs, will not begin until 2011. Now Atlanta’s Morris Manning has said they will not have…
![Pillsbury Offers Incoming Associates $60K to Drop Dead [Update]](http://www.jdjournal.com/wp-content/themes/advanced-newspaper/timthumb.php?src=wp-content%2Fuploads%2F2009%2F01%2Fpillsbury_160x120.jpg&q=90&w=80&h=66&zc=1 "Pillsbury Offers Incoming Associates $60K to Drop Dead [Update]")
Pillsbury, which has delayed start dates for its incoming first year associates to January 2010, is now offering $60,000 to associates willing to forget about working at the firm. Other…
The 2009 Summer Associate Program at Skadden has begun. And the 3Ls have been warned that, if they get an offer to join Skadden, they won’t be starting in 2010…
Akerman Senterfitt has announced a new partnership with the Florida Agricultural & Mechanical University Law School, one of Florida’s oldest historically black universities, to promote diversity in the legal profession.…
London’s Barlow Lyde & Gilbert, which recently opened a fifth office in Manchester, has asked half of its September 2009 incoming trainee class to delay joining the firm for six…
The Massachusetts Superior Court has informed 25 3Ls they will not be hired after all as court clerks. It appears that the decision to rescind the job offers was made…
The “evil” Internal Revenue Service, which I always have to remind people doesn’t keep the money, has created two internships for law students who are studying tax law. The division…
In what is undoubtedly going to be a major trend, Frisco law firm Sedgwick, Detert, Moran & Arnold is the first prominent firm to announce that it has entirely canceled…
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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