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Ed. be aware: Welcome to our each day characteristic, Quote of the Day.
This can be a totally different cycle. And their success or not will rely on whether or not they can get their partnership to agree that this new manner of doing issues [partners arriving and leaving with more regularity] is the brand new North Star for the agency. And that can rely on management.
— An nameless Am Regulation 100 chief, in feedback given to the American Lawyer on the adjustments that appear to be occurring at Cravath, together with however not restricted to partners leaving the firm (which was as soon as exceptional), lateral companion hires being made (which was as soon as a rarity), the and the creation of a nonequity partner tier.
Staci Zaretsky is a senior editor at Above the Regulation, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to email her with any ideas, questions, feedback, or critiques. You’ll be able to comply with her on Twitter and Threads or join together with her on LinkedIn.
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