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
Former 3M scientist who made unsettling PFAS discovery says bosses deceived her
Gee - What a surprise... When a former 3M scientist discovered the company’s chemicals were in human blood in the general population, she says her bosses misled her to believe it was harmless.3M accused of deceiving its own scientist about PFAS in human blood Hansen...
Michigan Problem-Solving Courts Granted Nearly $19 Million
"Data show these programs strengthen communities by reducing crime, boosting employment"LANSING, MI, October 24, 2024 (Substance Abuse Prevention Month) – The Michigan Supreme Court announces that the State Court Administrative Office (SCAO) has awarded $18,823,910...
Other Articles
Domestic Violence Conviction Prohibits Gun Ownership
No Second Amendment Rights For YouIf 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) 357-2550A federal judge in Michigan has ruled that a man with a prior...
Update on Michigan’s Sick Time Act (Small Business Compliance)
Small Business Compliance Accrual Method: Employees accrue 1 hour of paid sick time forevery 30 hours worked, and unused paid sick time rolls over upto 72 hours, or 40 for a small business. Employers may limit theuse of earned sick time to 72 hours, or 40 for a small...
What Are Your Rights Before And After Arrest?
What are your rights before and after arrest?Generally, police require a search warrant to lawfully enter any private premises or to search electronic devices such as your phone or computer. If the police do not possess a search warrant, you are under no obligation to...
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)....
