Credit: Nuthawut/Adobe Stock Law Firms Offer Income Partners 'Skin in the Game' With Partial Equity Status
"For purposes of accuracy and analysis, it would make things much more clear to the market if there were three tiers: income partner, hybrid and full equity," says one recruiter.
November 16, 2023 at 02:16 PM
5 minute read
Law Firm Partners
The level of revenue contribution required to join top law firms' equity partnerships has increased significantly over the last three years, making a hybrid approach to partner income appealing to firms wishing to retain or recruit a promising partner whose book of business doesn't yet measure up to snuff.
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