Non-equity partners are an increasingly large class of law firm employees who, despite their “partner” titles, do not share the risks and rewards of the firm’s practice and typically have no clients they can claim as their own.
Estimated reading time: 0 minutes, 23 seconds
A 55-year-old attorney at White & Case, who recently filed for bankruptcy, is a prime example of the plight of today’s “non-equity partners.” That's according to The New York Times.
Non-equity partners are an increasingly large class of law firm employees who, despite their “partner” titles, do not share the risks and rewards of the firm’s practice and typically have no clients they can claim as their own.