Credit: Gajus/Shutterstock.com Talking Trendspotter: Readers Say Nonequity Partner Tiers Are 'Useful but Widely Misused'
"When used with people still developing, the nonequity tier creates a private distinction among partners only within the firm while giving the public title of 'partner' even to those who have not yet demonstrated (and may never demonstrate) owner-like qualities," one former AmLaw 100 partner wrote.
March 22, 2021 at 11:09 AM
7 minute read
In last week's Law.com Trendspotter column, we wrote about how growing nonequity partnerships at many large firms over the past year could be an indication of poor management, as that tier is too often used as a convenient tool for avoiding many law firm leaders' two biggest fears: diluted partner profits and uncomfortable conversations with underperforming lawyers.
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