deagreez/Adobe Stock Ballooning Nonequity Partnerships Are Boosting Leverage, But Will They Raise Profits?
For the first time, law firms added nearly as many nonequity partners as they did associates.
April 16, 2024 at 10:09 AM
6 minute read
Law Firm Profitability
For a long time, the formula for law firm leverage was simple: grow the base of the pyramid by hiring more associates, keep them busy, and profit.
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7 minute readLaw Firms Mentioned
- Skadden, Arps, Slate, Meagher & Flom LLP
- Covington & Burling
- Fried, Frank, Harris, Shriver & Jacobson
- Wachtell, Lipton, Rosen & Katz
- Ballard Spahr
- Wilmer Cutler Pickering Hale and Dorr LLP
- Schulte Roth & Zabel LLP
- Ropes & Gray
- Gibson, Dunn & Crutcher
- Cravath, Swaine & Moore
- Debevoise & Plimpton
- Paul, Weiss, Rifkind, Warton & Garrison
- Cleary Gottlieb Steen & Hamilton
- Davis Polk & Wardwell
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