Tag: Partner departures
Law firm loses 59 partners after trimming equity partnership
Twenty-five U.S. partners, among the 59 partners, left A&O Shearman after they decided to cut 10% of their global equity partnership last year, y'all. According to Law.com, this count doesn't include the 15 partners...
Kirkland’s New Policy on Withholding Pay for Departing Partners Creates ‘Pain Point’ for Laterals
Kirkland & Ellis recently updated its policy regarding departing equity partners, allowing the firm to withhold accrued compensation upon their departure. Previously, the firm already deferred 55% of annual compensation for equity partners until...