Sentences with phrase «equity partnership becomes»

Further, if the carrot of equity partnership becomes too distant for lawyers to achieve, they will opt out of the tournament for partnership.

Not exact matches

In June 2011 the pair entered into an equity partnership, and Levin became CEO of Nerdist Industries.

But as the volatility of the global economy continues, leading many law firms to cut back on their partnership promotions and restructure existing partners, there is mounting evidence that junior lawyers are becoming less focused on the dream of equity.

Once again, it appears that women are losing ground as they progress in their careers; while the percentages of women summer associates is approaching equality, it begins declining as soon as women become associates and continues this decline through partnership, equity partnership and managing partner status.

Partners in a great many law firms have recognized the value of creating a two - tier partnership structure — as opposed to the «up or out» alternative - for dealing with those long - tenured associates the firm has invested a lot of money in developing, yet do not satisfy all of the objective and subjective criteria to become equity partners.

Indeed, when Legal Disciplinary Partnerships (LDPs), which allow nonlawyers to hold equity within law firms, became permitted under an earlier stage of the LSA in March 2009, Irwin Mitchell was among the first to convert to this new status.

Foran Glennon has described itself as a «professional services company» rather than a «traditional partnership,» and it has stated that two advantages of its ABS status are that it will permit the company (i) to develop an in - house forensic accountancy capability, notably by merging with an accounting firm (the accountants can become partners of the UK - based ABS), and (ii) to receive external investment through private equity «at an appropriate time.»

Many felt that, with no need to rely on partners» equity, the concept of partnership could become defunct and that a «share valuation mentality» may develop instead.

Another business structure with partial liability protection was the limited partnership, which dated back to 1916 but took on new life in the decades after World War II as it became the standard way to organize hedge funds, venture capital firms and the private equity firms.