Good morning everyone! Today is Tuesday, November 23rd. Here’s a quick look back at yesterday’s stories. Russell Rogers, a partner in Thompson Hine LLP’s business litigation and product liability litigation…
International law firm King & Spalding added three partners to it finance practice. The three lawyers, William H. Fuller III, M. Bryant Gatrell and Ronald S. Lovelace, all join from…
Pat McCrory, who resigned last month as mayor of Charlotte, N.C. after serving 14 years, has joined law firm Moore & Van Allen as a public policy consultant. In his…
Gross revenue at Charlotte, North Carolina Am Law 100 firm Moore & Van Allen edged up 1.5% to $164.5 million. But the addition of 25 new lawyers, including five equity…
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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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