Ed. note: Welcome to our daily feature, Quote of the Day.
We will continue to promote to both income and equity tiers moving forward.
Developing our talent and providing those opportunities earlier contributed to the larger class.
It’s been broadly positively received. It adds more definition and clarity to the career track here at Skadden.
— Jeremy London, executive partner at Skadden, in comments given to the American Lawyer, concerning the firm’s adoption of a nonequity partnership tier and how the new program has done since its inception. Thanks to the nonequity track, the firm announced 55 new partners in April, compared to 22 in 2025 and 21 in 2024.
Staci Zaretsky is the managing editor of 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 Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.