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Non-Equity Partners

As seen in: Above the Law
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Articles

Biglaw Bonus Season Arrives!

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By Joe Patrice Verified, Non-Equity Partners, Partnership Issues
| Above the Law Verified
* Alina Habba could move from parking garage lawyer to White House Press Secretary. [The Independent] * Court orders Oakland to stop calling its airport “San Francisco Bay Oakland” even though it is, quite literally, on San Francisco Bay. This is the disrespect that happens when you lose all your sports teams. [Law360] * Federal judge decides to unretire following the election.
Open in Who Shared View Duplicates (2) Issue with article?

Non-Equity Partners Are 'Partners' For Covering Firm Costs But Not Partners For Pay

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By Joe Patrice Verified, Non-Equity Partners, Nonequity Partners, Partner Issues
| Above the Law Verified
When I wrote “Repeat After Me, ‘Partnership Without Equity Is Not A Partnership’” back in 2019, my complaint with the growing and shady effort to recast what were once senior associates and counsel as non-equity “partners” was that it was a dubious title trading short-term vanity for cheap. Little did I realize there was an even cheaper way to sell out.
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Top 50 Biglaw Firm Creates Nonequity Partnership Tier To 'Attract, Promote, And Retain' Talent

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By Staci Zaretsky Verified, Non-Equity Partners, Nonequity Partners, Partner Issues
| Above the Law Verified
Biglaw firms with single partnership tiers are now few and far between, with more big-name firms showing that they’re ready, willing, and able to welcome nonequity partners to their ranks. Cravath was one of the first longtime holdouts to cut bait and create a “salaried partner tier” (i.e., nonequity partners) back in November 2023.
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