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Despite Increasing Profits, Law Firms Are Keeping Tight Grip On Equity Tier Partnership
There’s no doubt many firms put together outstanding financial performances last year. Still, many bottom lines are getting a boost from flat or negative equity partner growth.
Am Law 100 firms have kept a tight grip on the brass ring lately. While nonequity tiers have continued to balloon, the top-100 equity partner total slightly declined in 2023. And it appears that trend continued through 2024, whether it was due to retirements, lateral exits, de-equitizations, closer management of the partnership or all of the above.
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