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
If I renounce my US citizenship can I get it back?
Venezuela or Bust If I renounce my U.S. citizenship can I get it back?Renouncing U.S. citizenship is a serious legal action. It involves voluntarily giving up your status as a U.S. citizen, usually by signing an oath of renunciation at a U.S. embassy or consulate...
Making terrorist threat or false report of terrorism is free speech?
Making terrorist threat or false report of terrorism is free speech?The US Constitution and Michigan Constitution prohibit the government from making laws that abridge the freedom of speech Summary In the case of People of the State of Michigan v. Michael Joseph...
Other Articles
Michigan Probationers Allowed Medical Marijuana
Yea. We did that...What it is supposed to beOn February 11, 2021, the Michigan Court of Appeals ruled that judges cannot prohibit individuals on probation from using medical marijuana if they are registered patients under the Michigan Medical Marihuana Act (MMMA)....
Public Defenders in Michigan – Qualifications and What They Do
Note: This is what they are supposed to do. Whether they give a damn about you and the outcome is up to the individual attorneyWhat it is supposed to beIn Michigan, public defenders play a vital role in the criminal justice system by providing legal representation to...
New Michigan Laws Going Into Effect 2025
Making laws as fast as possible. Look over here...Not over there.Some of Michigan's new laws in 2025 include minimum wage increases, paid sick time, and automatic voter registration. Minimum wage The minimum wage in Michigan increased to $10.56 per hour on January 1,...
Whitmer’s $3B plan to fix Michigan’s roads calls for more taxes
Same Thing - Different DayWhitmer's $3B plan to fix Michigan roads calls for more corporate, marijuana taxes, taxes at the pump and you can just imagine the ones you don't know about.Michigan Governor Gretchen Whitmer has introduced a comprehensive three billion...
