I’m one of the leading practitioners in the country in my specialty. I win cases for some of the biggest technology companies in the world, saving them billions in damages. But I can’t sniff equity partnership because they’re someone else’s clients.
Large firms are a scam. They extract a certain amount of work and fees out of associates over seven-plus years and then discard the majority of them.
— An intellectual property litigation partner in Dallas, in comments given in response to the American Lawyer’s New Partners Survey with Law.com Compass. The survey results found that new partners feel “overworked and underappreciated,” with over 60% of respondents saying they have no “clear goals and objectives,” and many left feeling “blindsided by the financial responsibilities of the partnership.”
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.