Is Big Law's Nonequity Tier a 'Parking Lot' or a 'Ladder'?
Some firm leaders say nonequity tiers can offer women and diverse lawyers earlier opportunities, while others say they've seen a lack of transparency and "moving goalposts."
October 01, 2024 at 05:00 AM
5 minute read
The original version of this story was published on The American Lawyer
As more law firms create and expand nonequity partnership tiers, some lawyers are raising alarm bells over the impact on women and diverse lawyers' careers.
It's no secret that Big Law partnerships tend to be much less diverse than the ranks of associates. But the split within the partnership tiers also shows a divide. About a third (32%) of Am Law 200 nonequity partners last year were women, while that number drops to less than a quarter (24%) in the equity tier, according to ALM data. And when it comes to racial and ethnic diversity, Am Law 200 firms, on average, have even fewer diverse equity partners (12%).
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