Nonequity Partners
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Biglaw
Top 50 Biglaw Firm Creates Nonequity Partnership Tier To 'Attract, Promote, And Retain' Talent
WilmerHale had an all-equity partnership for all of its existence, but times have changed, and now the firm needs to change too. - Sponsored
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Westlaw Precision with CoCounsel helps legal professionals get a faster start to their research. Over time, that added productivity can lead to higher-quality research and… -
Biglaw
Are Nonequity Partnerships Part Of A Biglaw Tax & Discrimination Scheme?
Sometimes promotions are curses.
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Morning Docket
Morning Docket: 05.28.24
Baker McKenzie Poaches Partner From O’Melveny: In M&A
Biglaw Trend That Is Surprisingly Risky: Expanding non-equity partner ranks.
Aileen Cannon Unsealed A Bunch Of Documents: It sure seems tense in that courtroom.
Another Trump Criminal Case, Another Gag Order: Another unhinged social media post from the former president.
Biglaw Is Growing In Atlanta: But the traditional ATL firms stay dominant.
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Biglaw
When These Biglaw Firms Say You're A Partner, They Mean It
No half 'income partner' measures here. -
Biglaw
That's A Whole Lotta Nonequity Partners
Partners -- of the nonequity variety -- are soaring at this firm. -
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Biglaw
Nonequity Partners Are The Future Of Biglaw
A lot of firms see income partners as a big part of their future plans. - Sponsored
Raising The Bar in Bar Prep
Themis Bar Review offers a comprehensive suite of legal education products and resources for students and law schools. -
Biglaw
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. -
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Biglaw
Yup, Nonequity Partnership Is Used Disproportionately For Minorities
This is a disturbing, though not unexpected trend. -
Biglaw
The Incredible Shrinking Equity Ranks
As making equity partner becomes more elusive, smart firms will think beyond the numbers. -
Biglaw
What Do We Talk About When We Talk About Partnership?
A 'partner' isn't always a partner -- and maybe that's okay.
Sponsored
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Calling All Biglaw Pros! Your Dream Job Awaits—Take Our Survey
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Morning Docket
Morning Docket: 09.15.17
* 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]
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Morning Docket
Morning Docket: 04.07.17
* According to Senate Majority Leader Mitch McConnell, Judge Neil Gorsuch will be confirmed to the Supreme Court at about 11:30 a.m. on the first day of the Senate’s nuclear winter. Now that we’re in the nuclear age, when it’s time for the next SCOTUS nominee’s confirmation hearings, Senator Orrin Hatch “expect[s] Armageddon.” [CNN]
* It’s been about a month since Preet Bharara was ousted from his position as the U.S. Attorney for the Southern District of New York, and he isn’t mincing his words when it comes to his firing, calling it “a direct example of the kind of uncertain helter-skelter incompetence” people associate with the Trump administration. [New York Times]
* Speaking of the Trump administration’s “helter-skelter incompetence,” Twitter has filed suit against the Department of Homeland Security in an attempt to block an agency summons to reveal the identity of @ALT_uscis, an anonymous user who has used the social media platform to criticize the president’s immigration policies. [Reuters]
* According to the latest data from Bloomberg, Cleary Gottlieb handled the largest volume of M&A deals in 2017’s first quarter, with the firm involved in 22 deals worth more than $98 billion. Skadden Arps, Cravath, Kirkland & Ellis, and Slaughter and May fell in line behind Cleary, each surpassing $54 billion in deal volume. [Big Law Business]
* Welcome back, John White! Now that Mary Jo White has departed from her position at the U.S. Securities and Exchange Commission and is back at Debevoise & Plimpton, her husband — who was the firm’s lone nonequity partner for four years — will return to the firm’s equity partnership, where he can enjoy all of the rain he makes. [Am Law Daily]
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Biglaw, Layoffs
Biglaw Firms Must Conduct More Layoffs, Before It's Too Late
Layoffs are a necessary part of the law firm life cycle. Don't tempt fate. -
Biglaw, Partner Issues, Women's Issues
7 Highlights From The 2015 Survey On Retention And Promotion Of Women In Law Firms
Hopefully we are not one hundred years away from gender equality in the partnership ranks. -
Biglaw, Money, Partner Issues
You Won't Get The Money!
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. -
Morning Docket
Morning Docket: 09.14.15
* A former DJ is suing Taylor Swift because he claims that he lost his job after he was falsely accused of grabbing the singer’s ass. When contacted for comment, Swift said, “I’ve got a blank motion to dismiss, baby, and I’ll write your name.” [Associated Press]
* BakerHostetler’s partners unanimously agreed to do away with its two-tiered partnership structure. We would’ve been shocked the firm was going to kick its nonequity partner title to the curb, but we broke the news on it last month. [Am Law Daily]
* Albany Law’s new dean thinks she may have a solution to the school’s enrollment problem, which is down by 38 percent since 2010. She wants to hire more professors, even though the school’s existing professors aren’t exactly pleased. [Albany Business Review]
* California’s legislature approved a landmark bill that will permit physician-assisted suicide for terminally ill patients. If Governor Jerry Brown refuses to sign the “death with dignity” law, supporters will likely bring it to a ballot referendum. [New York Times]
* A Brooklyn bride alleges in a recently filed lawsuit that she’s still waiting for her wedding pictures… more than two years after her wedding took place. She’s clearly not a bridezilla, because if she were, a lawsuit wouldn’t have even been necessary. [New York Post]