Anonymous User wrote:RVP11 wrote:Virtually every firm that has a lot of non-equity partners is going to be less "up or out" than a firm with only equity partners.
For example, your typical big NYC firm might have like 100 partners (all equity) and 400 associates.
Your typical smaller market firm might have more like 70 equity partners, 140 non-equity partners, and 140 associates. This firm is just as leveraged, and it could be just as hard to get equity, but you're able to stay way longer.
Notable exception: Kirkland (though your "virtually" carve out covers this, just want to make it explicit).
Although, the nice thing about how Kirkland does it is that pretty much everyone makes non-equity partner in the seven year range. So even in the (admittedly likely) event that you leave before making equity partner, you're still leaving as a partner.