Drinker Biddle & Reath is moving more to a two-tiered partner system, according to a Jan. 11 internal memo written by Chairman Alfred W. Putnam Jr. and executive partner Andrew C. Kassner, with the firm "utiliz[ing] the category of salary partner with increased frequency." Kassner said the salary-partner tier is an "attractive" way to retain lawyers that the firm has spent years developing professionally but who are not ready for or do not have the practice for an equity partner.
January 31, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Drinker Biddle & Reath is moving more to a two-tiered partner system, according to a Jan. 11 internal memorandum written by chairman Alfred W. Putnam Jr. and executive partner Andrew C. Kassner, with the firm “utiliz[ing] the category of salary partner with increased frequency.”
The firm first introduced elements of the system in a 2003 document, although at that time it stated Drinker Biddle would “remain predominantly a single-tier equity partnership.”
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