Fewer lawyers are reaching the pot of gold at the end of an increasingly long partnership track. During the past decade, the real partnership has shrunk. In 2000, the top 10 Am Law 100 firms reported that equity partners made up 27.03 percent of their overall headcount; in 2009, that figure was 19.75 percent. Many firms have used the nonequity tier to put off tough decisions about underperformers, but in these tighter economic times, nonequity partners are facing more pressure to "find new opportunities," recruiters say.
Fewer Lawyers Earn Real Partnerships at Law Firms
The National Law Journal
January 7, 2010