Major law firms are increasingly adopting nonequity partnership structures to create a distinct tier for senior associates and counsel without diluting firm equity. This shift allows firms to concentrate a larger share of profits among a smaller group of high-performing equity partners rather than distributing gains across all title holders. Tech professionals working in legal tech must account for these evolving compensation models when designing software for firm management and profit distribution.
Read the full article at Above the Law
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Ali NematiWritten by Ali
