Uncertainty Looms For Nonequity Partners

Law360, New York (November 20, 2008, 12:00 AM EST) -- Nonequity partners in the nation's law firms may be in for a rocky ride in the months ahead as management moves them up or out in a continued effort to weather the economic downturn, legal experts say.

Some firms might follow in the footsteps of DLA Piper and equitize their nonequity, or income, partners — those who contribute little or no capital to the firm and have no ownership interest in it — drawing capital into the firm at a time when credit may otherwise be...
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