Law.com Trendspotter: Equity Partnership Has Arguably Never Been Less Attainable—Or Less Desirable
The path to equity partnership in Big Law has, by many accounts, grown longer and more harrowing than ever. But there's also evidence to suggest that fewer young lawyers are looking to go down that path in the first place.
November 30, 2021 at 11:04 PM
9 minute read
Credit: peshkov/Adobe Stock
The Trend:
The path to equity partnership in Big Law has, at many firms, grown longer and more harrowing than ever. But there's also evidence to suggest that fewer young lawyers are looking to go down that path in the first place.
The Driver:
Now, before we go too far here, let's be clear: plenty of young lawyers still aspire to "make partner" in the traditional sense. They want an equity stake in the firm and all the decision-making power (and responsibility) that comes along with that. (Side note: if you're one of those young lawyers, you should check out our "How I Made Partner" series for inspiration and advice that will assist you on your journey.)
But for an increasing number of associates, the equity tier is no longer the desired destination.
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