Credit: Venimo/Adobe Stock A Way to Retain Talent? Equity Partnerships Grow By Highest Rate in Six Years Across UK Top 50
PEP growth slowed as a result of an increasingly split profit pool, which one recruiter attributed to firms' need to retain talent.
September 29, 2022 at 05:07 AM
5 minute read
Law Firm Partners
Equity partnership has long been one of the most closely guarded parts of the legal industry. Even as overall partnership numbers have swelled over the last two decades many management teams have been reluctant to share the ownership of the firm with too many others.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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