Low-Billing Partners May Be On Chopping Block In 2013

Law360, New York (January 7, 2013, 11:34 PM EST) -- The stability of a partnership tenure is no longer a foregone conclusion, with more than half of the law firm leaders in an American Lawyer poll indicating plans to cut up to five underperforming partners in 2013, according to Monday news reports.

Some 55 percent of 113 managing partners and firm chairmen in an American Lawyer magazine poll said they would ax at least one partner or up to five of them, while 5 percent of the managing partners planned to reduce up to a whopping...
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