Biglaw Firms Planning To Expand Their Nonequity Partner Ranks In A Big Way
Want to be a Biglaw partner in name only? Your firm has a plan for that.
Ed. note: Welcome to our daily feature, Quote of the Day.
I talked to one guy who heads a big New York firm, who said ‘We just have to invest in the people [we already have], or at least show them a career path, or we’re gonna lose them.
— Brad Hildebrandt, chair of Hildebrandt Consulting and one of the authors of the 2024 Client Advisory from Hildebrandt Consulting and Citi’s Global Wealth at Work Law Firm Group, in comments given to the American Lawyer on one of the reasons Biglaw firms are expanding their nonequity partner ranks. The survey notes that 83% of Biglaw firms expect to increase the size of their income partner roles in the next two years, a “staggering jump” from the 68% projected growth reported last year.
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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter and Threads or connect with her on LinkedIn.
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