The legal industry’s shift toward nonequity partnerships continued last year, even as law firms began to rebuild their attorney headcounts.
The number of nonequity partners at NLJ 250 firms — The National Law Journal‘s list of the largest 250 firms in the United States by attorney headcount — climbed by 7.8 percent, up to 20,687. At the same time, the number of equity partners fell by 1.6 percent, to 32,698. The survey, published on March 26, measured full-time equivalency positions during 2011.
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