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Perspective

Jun. 2, 2009

Valuing Associates Over Partners

The income partner position is one that allows firms to be flexible with talented people who need more accommodations than others, writes Edwin B. Reeser.

By Edwin B. Reeser

Previously, we have reviewed the significant efficiencies to the economic contribution of income partners to their firms. There are other elements to the contribution of the income partner to the firm that merit careful consideration when comparing their billable hours to other classes of time keepers, and the investment that they make in the law firm, and the law firm should be making in them. The income partner position is one that al...

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