Скачать или смотреть Why Top Law Firms Are Redefining 'Partner' in 2024

𝗧𝗵𝗲 𝗥𝗶𝘀𝗲 𝗼𝗳 𝗡𝗼𝗻-𝗘𝗾𝘂𝗶𝘁𝘆 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀 𝗶𝗻 𝗕𝗶𝗴 𝗟𝗮𝘄 – 𝗔 𝟮𝟬𝟮𝟰 𝗦𝗵𝗶𝗳𝘁

Non-equity partners are reshaping the traditional power structure of law firms—𝗲𝘃𝗲𝗻 𝗲𝗹𝗶𝘁𝗲 𝗳𝗶𝗿𝗺𝘀 𝗮𝗿𝗲 𝗷𝗼𝗶𝗻𝗶𝗻𝗴 𝘁𝗵𝗲 𝘀𝗵𝗶𝗳𝘁.

📊 𝗕𝗹𝗼𝗼𝗺𝗯𝗲𝗿𝗴 𝗿𝗲𝗽𝗼𝗿𝘁𝘀 𝘁𝗵𝗮𝘁 𝟴𝟳% 𝗼𝗳 𝘁𝗵𝗲 𝟭𝟬𝟬 𝗹𝗮𝗿𝗴𝗲𝘀𝘁 𝗳𝗶𝗿𝗺𝘀 𝗯𝘆 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝗻𝗼𝘄 𝗵𝗮𝘃𝗲 𝗻𝗼𝗻-𝗲𝗾𝘂𝗶𝘁𝘆 𝗽𝗮𝗿𝘁𝗻𝗲𝗿 𝘁𝗶𝗲𝗿𝘀, a major jump from just 27% of large firms 30 years ago.

🏛️ 𝗡𝗲𝘄 𝗮𝗱𝗼𝗽𝘁𝗲𝗿𝘀 𝗶𝗻 𝟮𝟬𝟮𝟰 𝗶𝗻𝗰𝗹𝘂𝗱𝗲:

• Paul, Weiss, Rifkind, Wharton & Garrison LLP
• Cleary Gottlieb Steen & Hamilton LLP
• WilmerHale

📩 Paul Weiss Chair Brad Karp described the move as “solely for competitive and retention purposes,” citing the need to defend against talent poaching by competitors.

🔍 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗮 𝗡𝗼𝗻-𝗘𝗾𝘂𝗶𝘁𝘆 𝗣𝗮𝗿𝘁𝗻𝗲𝗿?

A lawyer with the “partner” title but 𝗻𝗼 𝗼𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝘀𝘁𝗮𝗸𝗲 in the firm—meaning:

• 𝗡𝗼 𝘀𝗵𝗮𝗿𝗲 𝗶𝗻 𝗽𝗿𝗼𝗳𝗶𝘁𝘀/𝗹𝗼𝘀𝘀𝗲𝘀
• 𝗡𝗼 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝗰𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻
• 𝗟𝗶𝗺𝗶𝘁𝗲𝗱 𝗼𝗿 𝗻𝗼 𝘃𝗼𝘁𝗶𝗻𝗴 𝗿𝗶𝗴𝗵𝘁𝘀

💼 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗳𝗼𝗿 𝗟𝗮𝘄𝘆𝗲𝗿𝘀:

• 𝗖𝗮𝗿𝗲𝗲𝗿 𝗚𝗿𝗼𝘄𝘁𝗵 – A title that boosts client perception & paves the way to equity
• 𝗟𝗼𝘄𝗲𝗿 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗥𝗶𝘀𝗸 – No capital buy-in or liability for firm debts
• 𝗚𝗿𝗲𝗮𝘁𝗲𝗿 𝗜𝗻𝗳𝗹𝘂𝗲𝗻𝗰𝗲 – A stronger voice in firm decisions than associates

📈 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗳𝗼𝗿 𝗙𝗶𝗿𝗺𝘀:

• 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗣𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 – Partner billing rates without equity payout
• 𝗢𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗖𝗼𝗻𝘁𝗿𝗼𝗹 – Equity partners retain strategic direction
• 𝗧𝗮𝗹𝗲𝗻𝘁 𝗥𝗲𝘁𝗲𝗻𝘁𝗶𝗼𝗻 – A compelling incentive for top-performing associates

🔁 𝗕𝗼𝘁𝘁𝗼𝗺 𝗹𝗶𝗻𝗲: The non-equity tier isn’t just a passing trend—it’s a strategic move reshaping modern law firm dynamics.