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
Drones – What Drones? Update
Drone story update January 28, 2025 NJ drones 'were authorized to be flown by FAA for research,' Donald Trump says The mysterious drones that captivated New Jersey late last year were not enemy craft, but instead were authorized by the FAA, President Donald Trump said...
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
Criminal Sexual Conduct (CSC) – Michigan
Criminal Sexual Conduct (CSC) in Michigan: Definitions, Penalties, and Legal References.Criminal Sexual Conduct (CSC) is a set of laws in Michigan that define and penalize various forms of sexual offenses. These laws are categorized into four degrees, with each degree...
23andMe filed for Chapter 11 bankruptcy and your data is?
As of Friday 3/28/25, the firm’s shares were worth less than a dollar.If you are charged with a crime you're part of the State of Michigan family now. Call us - Because you don't want to be a part of that family. Komorn Law (248) 357-2550Genetic testing service...
Michigan Supreme Court Vacates Court of Appeals Ruling of State Anti-Terror Statute
Michigan Supreme Court Vacates Court of Appeals Ruling, Temporarily Preserves State Anti-Terror StatuteIf you are charged with a crime you're part of the State of Michigan family now. Call us - Because you don't want to be a part of that family. Komorn Law (248)...
Free Speech, Terror and Michigan Law
Michigan Supreme Court Vacates Court of Appeals Ruling, Temporarily Preserves State Anti-Terror StatuteIf you are charged with a crime you're part of the State of Michigan family now. Call us - Because you don't want to be a part of that family. Komorn Law (248)...
