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
Seattle settles case involving – the rights of nature
The Rights of NatureSeattle settled a lawsuit brought by the Sauk-Suiattle Tribe on behalf of salmon harmed by dams on the Skagit River. This is one of the first "rights of nature" cases in the US, and the tribe argued that the lack of fish passage measures violated...
Whitmer Signs Bills for Health Services and Criminal Justice
LANSING, Mich. – Today, Governor Gretchen Whitmer signed legislation that aims to establish a licensure framework for dietitian nutritionists. The governor also signed legislation that delivers ongoing funding for trial courts across the state, reducing costs for...
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...
I’ve Been Accused of Criminal Sexual Conduct (CSC) in Michigan
If you are innocent and falsely accused of Criminal Sexual Conduct (CSC) in MichiganIf you are innocent and falsely accused of Criminal Sexual Conduct (CSC) in Michigan, it is crucial to act carefully and strategically to protect your rights and ensure the truth comes...
Carrying a Firearm Under the Influence of Cannabis
Laws and Penalties in Michigan of Carrying a Concealed Firearm or EMD Under the Influence of a Controlled Substance.Michigan controlled substance info at end of article and yes cannabis is still a controlled substance 1 at the time of this article... but it is an...
Carrying a Firearm Under the Influence of Alcohol in Michigan
Laws and Penalties in Michigan of Carrying a Concealed Firearm or EMD Under the Influence of Alcohol or Controlled SubstanceAn individual shall not An individual shall not carry a concealed pistol or portable device that uses electro-muscular disruption (EMD)...
