Why BigLaw Is Backtracking On The Non-Equity Partner Trend

Law360, Grand Rapids (July 12, 2017, 12:06 PM EDT) -- BigLaw’s non-equity partner ranks grew at a faster rate than any other law firm job title over the past six years, but the trend appears to be reversing as some firms counsel out income partners in an effort to save on costs and boost profitability.

Income partner headcount at U.S. law firms saw a compound annual growth rate of 3.4 percent between 2010 and 2016, according to research conducted by Citi Private Bank’s law firm group, far outpacing both equity partner headcount growth, at 0.2 percent, and the annual uptick of 1.5 percent in the number of all other salaried lawyers....

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