See you in the Home Depot lot.
Oct 10, 2024 (Reuters)
Cleary Gottlieb Steen & Hamilton will create a new category of non-equity partners, becoming the latest major U.S. law firm to move away from the traditional single-tier structure in which all partners have an ownership stake in the firm.
Adopting a non-equity partnership tier is “an important step for Cleary as we continue to strategically grow,” a firm spokesperson said in a Thursday statement. “Innovating in this way underscores our dedication to developing and retaining talent,” the spokesperson said.
New York-founded Cleary had 180 partners in 2023, according to figures published by the American Lawyer.
The firm generated more than $1.4 billion in total revenue, and profit per equity partner averaged $4.5 million, according to the American Lawyer data. Cleary has about 1,100 lawyers globally.
Read the full article here at Reuters
Other
Cash For Kids Judge Pardoned (The Kickback Club)
Biden’s commutation for Judge in ‘kids for cash’ scandal should anger the entire universe.Biden’s commutation in ‘kids for cash’ scandal. BY MICHAEL RUBINKAMUpdated 5:32 PM EST, December 13, 2024A judge implicated in one of the most notorious judicial scandals in U.S....
A drunk driving investigation, a car wreck and a blood draw
A Case Summary: People v. Blake Anthony-William BartonOn October 11, 2024, the Michigan Court of Appeals issued a decision in the case People of the State of Michigan v. Blake Anthony-William Barton. The case involved a drunk driving investigation following a car...
Other Articles
Detroit Renaissance Center Could See Two Towers Knocked Down
Two towers of Detroit’s Renaissance Center would be razed and the complex converted to a mix of housing and offices under an ambitious $1.6 billion plan.Last spring, GM chose to step away from the iconic RenCen in pursuit of a more "modern" space that is currently...
What do you do when you are pulled over for suspected DUI?
If you are pulled over for suspected drunk driving you are probably going to be arrested. The less you say - the better off you are in the long run. If you find yourself being pulled over for suspected DUI, ensure you pull over safely to the roadside, maintain a...
Michigan Problem-Solving Courts Granted Nearly $19 Million
"Data show these programs strengthen communities by reducing crime, boosting employment"LANSING, MI, October 24, 2024 (Substance Abuse Prevention Month) – The Michigan Supreme Court announces that the State Court Administrative Office (SCAO) has awarded $18,823,910...
Michigan House Bill 5451 of 2024
Michigan House Bill 5451 of 2024: A Step Toward "Safer Communities"Michigan House Bill 5451, introduced by Representative Sharon MacDonell in February 2024, aims to enhance firearm safety in homes with children. The bill mandates that the Department of Health and...
