Photo: Diego M. Radzinschi/ALM Cleary Creates Nonequity Partner Tier, Calling For 'Innovation and Adaptation'
"We are not doing it to create a different leverage model within the firm," said managing partner Michael Gerstenzang. "We are doing it to create more opportunities in promotion and development."
October 10, 2024 at 09:55 AM
5 minute read
Law Firm Profitability
The original version of this story was published on The American Lawyer
Cleary, Gottlieb, Steen & Hamilton is creating a nonequity partnership tier, the firm said Thursday, finding benefits in the two-tier system for lawyer promotion and lawyer development.
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