For the first time, law firms added nearly as many nonequity partners as they did associates.
April 16, 2024 at 10:09 AM
6 minute read
Reporter
For a long time, the formula for law firm leverage was simple: grow the base of the pyramid by hiring more associates, keep them busy, and profit.
But in recent years, that arithmetic is looking more like calculus as expanding nonequity partner tiers increasingly contribute to the law firm leverage equation.
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