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
People who are going to need a Lawyer – November 12, 2024
People who are going to need a LawyerMan so drunk field sobriety tests were ‘too dangerous’ sentenced to life in prison for repeated DWI convictions‘Several terabytes’: Diddy prosecutors shed light on ‘voluminous’ discovery, including iCloud accounts and dozens of...
Cannabis – The Rise and Fall and Trail of Survivors Pile Up
Thieves make off with 1,000 pounds of premium flower in cannabis from a corporate grower in Michigan. Then, the GM sells off 650+ pounds to pay employees.The recent theft of over 1,000 pounds of marijuana from 305 Farms, a corporate cannabis grower in West Michigan,...
Other Articles
When Can Police Confiscate Your Drone in Michigan?
Someone asked us... Can the police take my drone?As we have seen ... They can charge, arrest you and take your stuff for whatever they want. You'll have to fight it out in court to get it back.In Michigan, the police can confiscate your drone under certain...
People who are going to need a Lawyer – November 12, 2024
People who are going to need a LawyerMan so drunk field sobriety tests were ‘too dangerous’ sentenced to life in prison for repeated DWI convictions‘Several terabytes’: Diddy prosecutors shed light on ‘voluminous’ discovery, including iCloud accounts and dozens of...
Cambridge Analytica data breach comes before court
Oral arguments in Facebook v. Amalgamated Bank will beginThe justices are set to review securities law as they hear arguments in a significant case linked to the 2015 data breach involving Cambridge Analytica and Facebook. The tech giant’s effort to fend off federal...
Search and Seizure – Consent or Plain view
The Fourth Amendment was established to protect individuals from unreasonable searches and seizures, yet there are exceptions.In Michigan, understanding the concepts of search and seizure, particularly regarding consent and plain view, is crucial for both law...
