The Am Law 100: Holy non-equity partners!
Last year, as law firms struggled with the brutal realities of the recession, many managing partners took the tried-and-true approach to cutting costs - layoffs. For The Am Law 100, the hardest hit were the junior associates - as equity partners merely saw their numbers flatten out. Next in line, theoretically, should have been the non-equity partners. This vulnerable group includes fresh lateral recruits; young lawyers caught in the limbo between senior associate and equity partner; equity partners who have lost their equity status - the dreaded de-equitisation; senior equity partners eyeing retirement; and service partners with a slim (or non-existent) book of business.
In a year of record layoffs, who continued to leap tall buildings? DM Levine reports
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