The Financial Burden of Nonequity Partner Status in Big Law

Big Law Seizes on Promotions That Bring Big Tax Bill, No Profits

The meteoric growth in law firm nonequity partners often comes with a side effect attorneys dislike: thousands of dollars in health and tax ...

In many large law firms, nonequity partners are treated as full partners for tax purposes, meaning they bear the costs of Medicare, Social ...

The Financial Challenges of Nonequity Partners in Law Firms

Nonequity partners in law firms encounter significant tax and health expenses that diminish their net income, prompting a reevaluation of ...

New nonequity partners are sometimes stuck paying more health ...

Take-home pay is only slightly higher for some newly promoted nonequity partners because their law firms treat them as equity partners for tax ...

Nonequity Partners Are 'Partners' For Covering Firm Costs But Not ...

The meteoric growth in law firm nonequity partners often comes with a side effect attorneys dislike: thousands of dollars in health and tax ...

Big Law's Lateral Hiring Costs Cause Friction Among Nonequity ...

As the price for high-profile laterals in Big Law increases, some nonequity partners are growing increasingly frustrated, feeling that they ...

More Big Law Partners Getting Bigger Tax Bills Without Profits

The meteoric growth in law firm nonequity partners often comes with a side effect attorneys dislike: thousands of dollars in health and tax ...

What's behind the rise in law firm non-equity partnerships? | Reuters

For big U.S. law firms, the latter is increasingly common as the ranks of non-equity or “income” partners -- who are paid a salary rather ...

Bloomberg Law: Big Law Promotions: Prestige, But at a Cost (Nov ...

The Bloomberg Law article discusses the rise of non-equity partner roles in major law firms, highlighting their significant tax burdens and ...

Big Law seizes on promotions that bring big tax bill, no profits

... costs without the large profit payouts full partners get. Several Big Law firms treat nonequity lawyers as full partners for tax purposes.

The Path to Equity Partnership Is Lengthening. Are Firms Making the ...

Yet there's no avoiding the, perhaps, unintentional consequences of lower compensation costs associated with nonequity and counsel roles helping ...

Two-tiered law firm partnerships: Popular but profitable?

First, as the nomenclature would suggest, non-equity partners' salaries do not vary based on firm equity, so they represent a fixed cost for the ...

Is Big Law's Nonequity Tier a 'Parking Lot' or a 'Ladder'?

But the split within the partnership tiers also shows a divide. About a third (32%) of Am Law 200 nonequity partners last year were women, while ...

Are Non-Equity Partnerships Really that Bad? - FindLaw

It also spoke of the death of the traditional path to partner status. While the prevalence of non-equity partners isn't news to lawyers, the ...

Too Many Non-Equity Partners? | Fairfax Associates

The number of non-equity partners in law firms has expanded dramatically over the past decade. ... equity partner status. Thus, those non-equity partners ...

Is making partner really worth the additional money & stress? - Reddit

Yeah, this is a good time to mention that firm partnership structures -- and the chances of making partner -- can vary. A lot of firms now have ...

Do Non-Equity Partnerships Still Make Sense? - Aderant

The compensation for non-equity partners is also starting to suffer. The 2014 Partner Compensation Survey from Major, Lindsey & Africa found ...

Non-equity partnership lawsuits test Big Law employment model

Some tensions are emerging over the legal industry's embrace of non-equity partnerships, as two lawyers sue firms this year over their status in

Equity Partnership Isn't What It Used To Be - Major, Lindsey & Africa

While the norm is for equity partners to pay in capital equaling between 25 and 35 percent of the current year's compensation, some firms require as much as 65 ...

What is a Non-Equity Partner? - Biglaw Investor

Non-equity partners are very different from equity partners primarily in that they are salaried and do not share in the profits of the firm.