LAW.COM | Big Law’s Partnership Paradox
- hace 2 días
- 1 Min. de lectura
Lexington has been quoted by Law.com in coverage examining the growing debate around salaried partner tiers and the future of the traditional partnership model in global law firms.
The article explores how more than 90% of the Am Law 100 now operate multi-tier partnerships, with firms such as A&O Shearman considering whether to reintroduce a salaried partner tier after previously moving to a pure equity structure following the Shearman merger.
The discussion highlights the tension between profitability, talent retention and partnership culture, as firms reassess whether the widespread adoption of salaried partnership models is improving long-term performance or simply following market momentum.
In the article, Moray McLaren reflects on the financial reality behind many two-tier partnership structures: “If the primary aim of a two-tier partnership is to increase profitability, it is failing in many firms.”
The article also examines the broader international trend, including developments across U.S., UK and German firms, and questions whether the expansion of salaried partner tiers risks undermining the prestige, cohesion and trust that traditionally defined elite partnerships.
