ARCHIVED CONTENT
You are viewing ARCHIVED CONTENT released online between 1 April 2010 and 24 August 2018 or content that has been selectively archived and is no longer active. Content in this archive is NOT UPDATED, and links may not function.By Victor Li
“[This decision] warrants industrywide reconsideration of how New York law firms should be organized and whether the term partner is an outdated job title that carries more pitfalls than prestige.”
Last November, Schnader Harrison Segal & Lewis bankruptcy partner Paul Jasper spoke these words to the New York Law Journal in response to a decision affecting one of his clients.
But those words have a powerful importance outside the context of New York, bankruptcy courts or one court’s decision. The question of whether or not lawyers should accept an equity partnership could easily apply throughout the United States. And yet for most lawyers, becoming an equity partner at a large firm is the ultimate dream.
Or at least it was.
Read the complete article at: Have we reached the end of the partnership model?