Partnership Promotions Could Mask Trouble

Law360, New York (November 25, 2008, 12:00 AM EST) -- Several prominent law firms have recently announced the crowning of senior associates into partners, but that doesn't necessarily mean firms are not struggling as a result of the economic meltdown, legal experts say, revealing a list of reasons why law firms might be continuing to promote.

It's impossible to draw conclusions about the state of a firm solely from its decision to promote senior associates in a sour economy, several consultants to the legal industry said. In some cases the decision could mean the firm is...
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