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
Can I be arrested for flying a drone in Michigan?
Someone asked us... Can I be arrested for flying a drone?As we have seen ... They can charge you and arrest you for whatever they want. But Can I Be Arrested or Fined for Flying a Drone? Yes, you can be arrested or fined for breaking Michigan’s drone laws. Under MCL...
If you have an LLC you must comply or face fines and possible prison
You work hard. Now get ready to work harder to prepare to give more.If you own or are a member of an LLC.You have a deadline of January 1, 2025Call us we can take care of it for you. 248-357-2550The new Beneficial Ownership Reporting requirements for LLCs and other...
Compounding Charges Laws in Michigan
Understanding Compounding Charges Laws in Michigan Compounding charges refer to the illegal act of accepting or agreeing to accept a benefit in exchange for not prosecuting a crime. In Michigan, this is considered a serious offense, and the law specifically prohibits...
Harris unveils new proposals targeting black men with cannabis legalization
"Harris unveils new proposals targeting Black men as she looks to shore up Democratic coalition" CNNAmid the ongoing national issues, Vice President Kamala Harris introduced new initiatives on Monday aimed at addressing the needs of Black men as she works to bolster...
