Nonequity Partner Firms Less Profitable: Study

Law360, New York (February 5, 2009, 12:00 AM EST) -- Law firms that embrace a two-tier partnership system tend to be significantly less profitable than those that shun a nonequity partnership track, according to a new study released by the American Bar Foundation's project on the world of law practice.

On Wednesday, the first report of ABF’s Law Firms Working Group — in conjunction with Incisive Media Ltd. — surfaced, with numerous professors contributing their examinations of the hiring practices, management trends and globalization strategies taking place at law firms today.

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