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How to tell whether a partner equity or non-equity?
Posted: Thu Jan 14, 2021 7:09 pm
by Anonymous User
Is it like if he/she is still doing actual legal work, it means he/she is non-equity?
Re: How to tell whether a partner equity or non-equity?
Posted: Thu Jan 14, 2021 7:23 pm
by Sackboy
Equity partners still do real legal work, lol. See if your firm lists membership groups when you hover over a person's name on outlook and click on the drop down menu. If they do, there might be a "Share Partner" or "NSP" or "Shareholder" or whatever indicator.
Re: How to tell whether a partner equity or non-equity?
Posted: Thu Jan 14, 2021 7:40 pm
by PrinterInk
For Kirkland, if it says “P.C.” after their name on the website, then they are a real partner.
If their title is “Partner” and it doesn’t say P.C. after the name, then they are actually just a senior associate and have a fake title.
Re: How to tell whether a partner equity or non-equity?
Posted: Thu Jan 14, 2021 8:00 pm
by Anonymous User
PrinterInk wrote: ↑Thu Jan 14, 2021 7:40 pm
For Kirkland, if it says “P.C.” after their name on the website, then they are a real partner.
If their title is “Partner” and it doesn’t say P.C. after the name, then they are actually just a senior associate and have a fake title.
I work at Kirkland, and this is just wrong. P.C. means you're an equity partner, but there are a fair number who are equity partners and not P.C.
Re: How to tell whether a partner equity or non-equity?
Posted: Thu Jan 14, 2021 10:36 pm
by avenuem
Easy. Ask them to make this thread and see if they leave off the word "is" between "partner" and "equity."
Re: How to tell whether a partner equity or non-equity?
Posted: Fri Jan 15, 2021 12:59 am
by Lacepiece23
You can check the bills and see whose charging what. Generally, eps charge higher than fix shared partners.
Re: How to tell whether a partner equity or non-equity?
Posted: Fri Jan 15, 2021 1:14 am
by papercutter
There isn't a consistent answer on this. It's going to depend a lot by firm. At mine: (1) the partners who care to know generally know (some non-equities don't pay care and don't pay attention); (2) that information tends to filter down piecemeal to senior associates and becomes common knowledge (subject to some errors and gaps); (3) when I was a junior associate, my best resource for this kind of thing was my secretary, who had been with the firm for years.
Re: How to tell whether a partner equity or non-equity?
Posted: Fri Jan 15, 2021 9:25 am
by Anonymous User
PrinterInk wrote: ↑Thu Jan 14, 2021 7:40 pm
For Kirkland, if it says “P.C.” after their name on the website, then they are a real partner.
If their title is “Partner” and it doesn’t say P.C. after the name, then they are actually just a senior associate and have a fake title.
Not true. Numerous kirkland equity partners don't have P.C. after their name. Also many NSPs at KE make 7 figures- especially laterals in their look period-with the expectation that they will make shares.
You can look at class year to determine who the associates are that made partner early in their career compared to peer firms.
Re: How to tell whether a partner equity or non-equity?
Posted: Fri Jan 15, 2021 11:26 am
by stoopkid13
So what does "P.C." actually stand for?
Re: How to tell whether a partner equity or non-equity?
Posted: Fri Jan 15, 2021 11:48 am
by nihil?
stoopkid13 wrote: ↑Fri Jan 15, 2021 11:26 am
So what does "P.C." actually stand for?
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