Income

Am Law 100 Firms See Impressive Growth in Income Partner Ranks, Pushing Nonequity Partnerships to New Heights

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Law firms in the Am Law 100 are experiencing significant growth in their income partner ranks, with double-digit percentage increases in 2023. According to early reporting on the Am Law 200 financials, several prominent firms saw substantial growth in their nonequity partner tier. Among the firms with the largest percentage gains were Milbank, Gibson Dunn, and Fried Frank. While some of these firms started with lower nonequity numbers, their intentional and targeted growth aims to improve retention within this partner tier. This surge in nonequity partner growth comes after a significant number of law firm … Read more

From Car Sales to Courtroom Success: Attorney Finds Fulfillment and Income Doubling After Midlife Career Change

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ORANGE COUNTY, California – Edwin Schwartz, a trial attorney based in Orange County, California, recently shared his journey of making a career change from sales to law. Schwartz graduated from the University of Southern California with a bachelor’s in business administration in 1992 and spent most of his twenties and thirties working in sales, including stints with software companies and car dealerships. However, he realized that sales was not his dream job and that it required long hours and unpredictable income. The decision to change careers came when Schwartz became a father to twin daughters. … Read more