
What Do We Talk About When We Talk About Partnership?
A 'partner' isn't always a partner -- and maybe that's okay.
A 'partner' isn't always a partner -- and maybe that's okay.
Not all partners in Biglaw are created equal.
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In essence, a non-equity partner is a non-partner partner, and the existence of a non-owning partner in said partnership renders it a non-partnership.
* Yes, it's true: Jeff Sessions came thisclose to resigning as attorney general, after Donald Trump berated him following the appointment of special counsel Bob Mueller in the Russia probe. [New York Times] * Bye-bye to blue slips? It wouldn't exactly be "nuclear," since their treatment has varied greatly over the years. [BuzzFeed] * The State Bar of California tries to cut down the arguments in favor of a lower cut score on the bar exam. [ABA Journal] * Technology platforms are driving an increase in transparency that's having profound consequences for the employer/employee relationship (as I recently discussed on the podcast of Akerman employment-law partner Matt Steinberg). [Akerman] * Embattled Equifax has turned to Phyllis Sumner and King & Spalding for much-needed legal help in the wake of its massive data breach. [Law.com] * Statutory interpretation question: can you be both the victim and the perpetrator in a child pornography case? [How Appealing] * The ranks of nonequity partners continue to grow; has this trend gone too far? [Big Law Business] * Prosecution of individuals in cases of corporate wrongdoing (aka the Yates Memo), and Justice Department policy on enforcement of federal marijuana laws in states where it has been decriminalized -- both are "under review" at the DOJ, according to Deputy Attorney General Rod Rosenstein. [Law.com]
* Who recently made partner at Kirkland & Ellis, Covington & Burling, Goodwin Procter, and Curtis Mallet-Prevost? Here's a nice round-up that highlights the names of the 112 associates who were promoted at these four firms. Don't be too shocked by that high number; the vast majority of partner promotions were made at Kirkland, where 81 attorneys were welcomed into the ranks of the firm's non-equity partnership. [Big Law Business] * In what's hailed as a victory for gay rights, Massachusetts expanded the legal definition of the word "parent" to be read "in a gender-neutral manner, to apply where a child is ‘born to [two people], is received into their joint home, and is held out by both as their own child.'" The state's high court also allowed parentage laws to be construed to apply to members of same-sex couples without biological ties to the children. [WSJ Law Blog] * Today, SCOTUS will hear arguments in a case challenging "judge-made law," that is, what is and isn't considered insider trading. If you trade on information received from a third party who received it from an insider, is that insider trading? Even Mark Cuban wants to know, writing in an amicus brief that "no one should be prosecuted for conduct that Congress is either unwilling or unable to define." [DealBook / New York Times] * The Oklahoma Supreme Court struck down a law that forced abortion providers to save fetal tissue samples from patients younger than 14 years old, on top of other broad restrictions. The court unanimously ruled that the law violated the state constitution's "one subject" rule. In a separate concurrence, four judges would've struck down the law as an unconstitutional burden on a woman's right to have an abortion. [Reuters] * Much like America, the Supreme Court seems to have a problem with race this Term. The high court will be hearing three divisive cases having to do with racial slurs, racial rhetoric, and racial epithets, and the Court may very well be divided along ideological lines, resulting in 4-4 deadlocks thanks to the seat left vacant by the late Justice Antonin Scalia and the Senate's refusal to give Judge Merrick Garland a hearing. [CNN]
This is a pretty bold move.
These allegations are stunning.
As Biglaw begins to run itself more like a “business,” vestiges of the traditional law partnership have started to fall away.
Hopefully we are not one hundred years away from gender equality in the partnership ranks.
What are the odds of you actually making $3 million as a partner at a Biglaw firm? Biglaw partner turned in-house lawyer Mark Herrmann runs the numbers.
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A major law firm considers eliminating its non-equity partner class.
What are the latest revelations about the state of affairs at troubled Bingham McCutchen?
What happens to Bingham if the Morgan Lewis deal doesn't go through?
There's good news for some Bingham partners, and bad news for others.
* “Operas can get pretty gory. I should have put that in my brief.” In the upcoming Supreme Court term, it looks like law clerks will have to educate their justices about the intricacies of rap music’s sometimes violent lyrics. [National Law Journal] * The pay gap between equity and non-equity Biglaw partners is growing wider and wider. According to recent survey, on average, equity partners are bringing home $633K more than non-equity partners each year. [Am Law Daily] * Hackers are targeting Biglaw firms to acquire their clients’ important secrets. Unfortunately, no one is brave enough to step up to the plate and say their firm’s been hit — admitting that “could be an extinction-level event.” [Tribune-Review] * Which Biglaw firms had the most satisfied summer associates this year? There was a big rankings shake-up at the top of the list this time around, and we’ll have more on this later today. [Am Law Daily] * In the wake of the Ray Rice scandal, Adrian Peterson screwed up many of your fantasy football teams after he was indicted for hurting his child “with criminal negligence.” He’s now out on $15,000 bail. [CNN]