Perspective
May 19, 2009
Why Income Partners Are Increasingly Spared Over Associates
The dynamics of profit contribution by non-equity partners are significantly different to that of associates, writes Edwin B. Reeser.
Reductions in professional staffing that are savaging associate attorney and staff ranks in BigLaw during the first quarter of 2009 (approximately 3,000 associates and 5,000 staff) have yet to be matched in the income or service partner ranks. There has been speculation from some quarters that this is the other "big shoe" that is going to drop in the ongoing worldwide employment horror drama in the legal profession. While ther...
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