Over the past two calendar years, White & Case has added 45 senior laterals and promoted a total of 75 lawyers to either equity or
nonequity partner status, many of them in the M&A, capital markets, and litigation practices.
A thirtysomething
nonequity partner: «Life was easier when I was an associate.
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.
As an associate (and, in most cases, as
a nonequity partner), your salary and benefits are part of the firm's overhead.
They seem to want to have it both ways: let the external client world assume
a nonequity partner is a true owner of the firm, while internally treating her like an associate on steroids.
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.
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...
In the legal field, they are 45.4 percent of associates — but only 25 percent of
nonequity partners and 15 percent of equity partners.
The 355 - lawyer firm added 17 attorneys in 2011, including 11 equity and
nonequity partners.
Dewey management evaluates and resets partner compensation each year, and over the past year, compensation haircuts affected a range of equity and
nonequity partners, according to Davis.
Dewey's 2011 financials showed that, in 2011,
nonequity partners took the most direct hit.
According to the new information, equity and
nonequity partners shared a profit pool of $ 254 million.
Combined earnings distributable to equity and
nonequity partners should have been $ 255.1 million, not the $ 401 million Dewey reported, according to what appears to be a 2010 audited financial statement from the firm.
Baker & Daniels relied on a classic two - tier system, with 106 equity partners in 2011 and 48
nonequity partners.
The Seyfarth Women's Network provides coaching and development opportunities to
nonequity partners and addresses issues in all female attorneys» careers.
Steady progress continues for women: in February, they were 50 % of
the nonequity partners earning equity roles.
The Am Law Daily reported in late 2010 that Husch Blackwell had let go of at least 20 underperforming associates and
nonequity partners.
In 2011, Husch Blackwell also reduced the size of its equity partnership by more than 4 percent to 158 and cut the number of
nonequity partners by almost 7 percent to 169.
Not exact matches
As you can see from last year's write - up by Alison Frankel, one can learn a lot about the varying stripes of
partner compensation in American BigLaw (equity,
nonequity, junior, senior, etc.).
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.
A large number have traditionally split the partnership hierarchy into two:
nonequity and equity
partners.
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.
Equity
partners, viewed apart from the
nonequity tier, shared a net of $ 197.5 million, not the $ 340.5 million first reported by The American Lawyer.
McDermott Will & Emery Chicago, IL Long - range planning readies women to become equity
partners at this firm, providing those in
nonequity roles with eight months of career coaching and encouraging them to share their ideas.