Sentences with phrase «for nonequity»
Not exact matches
A former nonequity partner at Dorsey & Whitney in Seattle has been disbarred for collecting more than $ 56,000 in fees from outside immigration clients without telling the firm about the...
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A former nonequity partner at Dorsey & Whitney in Seattle has been disbarred for collecting more than $ 56,000 in fees from outside immigration clients without telling the firm about the work.
It's now common for law firms to have at least two tiers of partners: equity partners who share directly in the profits of the firm; and nonequity, income, or contract partners who, in most cases, receive a base salary plus bonuses usually dependent upon their personal production.
This traditional associate to nonequity partner to equity partner model sets the stage for intense internal competition among the many (associates / nonequity partners) for the few equity spots — where the real money at these firms is made.
Now, brace yourself for Henderson's highly counterintuitive findings: In his opinion, firms that have switched to two - tier structures that allow so - called «nonequity» partnerships are actually producing lower profits per partner (PPP) and have lower prestige.
Steady progress continues for women: in February, they were 50 % of the nonequity partners earning equity roles.