Credit: Photocreo Bednarek/Adobe StockNew Partner Class Sizes Shrink for Second Year in a Row
Law firms favored litigation, investment funds, and banking and finance in recent promotions.
December 02, 2024 at 06:00 AM
2 minute read
What You Need to Know
- New partner class sizes shrunk by an average of 4% among a cohort of 22 Am Law 100 firms that made announcements by late November.
- The decline began in 2023 after firms promoted large class sizes in 2022.
- While M&A and private equity promotions lagged, related corporate practices surged.
Fewer Big Law associates and counsel will be able to call themselves partners going into 2025 compared with this time last year.
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