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
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,...
Oakland County Sheriff’s deputy fatally shot in ‘ambush’ while following stolen car
Oakland County Sheriff's deputy fatally shot in 'ambush' while following stolen carA deputy investigating a stolen car was shot to death Saturday night in Detroit in what Oakland County Sheriff Michael Bouchard called an ambush. Oakland County Sheriff's Deputy Bradley...
Other Articles
Charged with Involuntary Manslaughter for “Stopping” Thief
Charge with involuntary manslaughter for stopping thief.PEOPLE OF THE STATE OF MICHIGAN V. HASSAN WALID AIYASHCase Summary: This case revolves around a gas station attendant who was charged with involuntary manslaughter after a patron was fatally shot inside the...
Unlawful Possession of a Controlled Substance in Michigan
Unlawful Possession of a Controlled Substance in MichiganIn Michigan, being caught with illegal drugs can lead to serious consequences. The state has strict laws on drug possession, and unlawful possession of a controlled substance is one of the most common charges....
Childless Divorce in Michigan
Childless Divorce in Michigan Property Disputes and False AccusationsDivorce can be a challenging process, especially when there are significant disagreements over property and accusations flying between the parties. In Michigan, even childless divorces can involve...
Do the passengers in your vehicle have 4th Amendment Rights?
Do Passengers in your vehicle have 4th Amendment Rights against Search and Seizure?Passengers in a vehicle are afforded Fourth Amendment protections against unreasonable searches and seizures, though the scope of these rights varies based on the specific circumstances...
