Non-Equity Partners
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Biglaw
Nonequity Partners Are 'Partners' For Covering Firm Costs But Not Partners For Pay
'Partner' isn't the deal it used to be. - Sponsored
Tackling Deposition Anxiety: How AI Is Changing The Way Lawyers Do Depositions
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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.
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Biglaw
Paul Weiss Creates Non-Equity Partnership Tier To Remain 'Competitive' In The Market
Paul Weiss had an all-equity partnership for nearly 100 years, but times have changed, and now the firm needs to change too. -
Biglaw, Sponsored Content
Is It Better To Be An Equity Partner Or Non-Equity Partner?
On balance, equity partnership is likely still more rewarding in most cases. But for lawyers in certain situations, non-equity arrangements can have strong appeal. -
Biglaw, Sponsored Content
Evolving Partnership Economics: The Equity And Non-Equity Models Are Starting To Blur
In the current law firm landscape, the fact that a lawyer has been designated a partner often conveys very little about the economic arrangement between that lawyer and the firm. -
Biglaw
Yup, Nonequity Partnership Is Used Disproportionately For Minorities
This is a disturbing, though not unexpected trend. -
Biglaw, Sponsored Content
3 Reasons To Embrace The Rise Of Non-Equity Partners
Not every firm can be a Cravath or a Cleary (or a Davis or a Debevoise). - Sponsored
Law Firm Business Development Is More Than Relationship Building
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Biglaw
What Do We Talk About When We Talk About Partnership?
A 'partner' isn't always a partner -- and maybe that's okay. -
Biglaw
Making Partner Is Not As Awesome As You'd Think
Not all partners in Biglaw are created equal. -
Biglaw
Stuck In The Middle With You
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. -
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: 10.05.16
* 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]
Sponsored
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Law Firm Business Development Is More Than Relationship Building
Sponsored
Tackling Deposition Anxiety: How AI Is Changing The Way Lawyers Do Depositions
Curbing Client And Talent Loss With Productivity Tech
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Biglaw, Partner Issues
In Major Overhaul, Biglaw Firm Creates Two-Tier Partnership To Boost Profits
This is a pretty bold move. -
Biglaw, Money, Women's Issues
Biglaw Partner Files Class Action Lawsuit Over 'Male-Dominated Culture'
These allegations are stunning. -
Biglaw, Partner Issues
Stats Of The Week: The Last Of The True Biglaw Partnerships
As Biglaw begins to run itself more like a “business,” vestiges of the traditional law partnership have started to fall away. -
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. -
Biglaw, Partner Issues
Major Partnership Overhaul In The Works At Biglaw Firm
A major law firm considers eliminating its non-equity partner class. -
Bankruptcy, Biglaw, Lateral Moves, Law Firm Mergers, Partner Issues, Partner Profits
Bingham McCutchen: Is The Patient Stabilizing?
What are the latest revelations about the state of affairs at troubled Bingham McCutchen?