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Law Firms with Shortest Partnership Tracks?
Posted: Wed Nov 09, 2022 2:24 pm
by Anonymous User
Title says it all. From what I know, Susman has the shortest; clocking in at six years til eligible for partnership (could be as short as four if you clerk for the Supreme Court). Anyone know of any firms with lesser than or equal to tracks?
Re: Law Firms with Shortest Partnership Tracks?
Posted: Wed Nov 09, 2022 2:39 pm
by Anonymous User
Honigman is also 6 years
Re: Law Firms with Shortest Partnership Tracks?
Posted: Wed Nov 09, 2022 3:07 pm
by nealric
Worth noting that a lot of the boutiques with short partnership tracks start counting post-clerkship. Since most successful candidates have at least a year or two of clerkship experience, the track isn't necessarily that much shorter from the time of graduation.
Re: Law Firms with Shortest Partnership Tracks?
Posted: Wed Nov 09, 2022 3:12 pm
by Anonymous User
Bartlit Beck has promoted some (post-clerkships) in 3 years.
Re: Law Firms with Shortest Partnership Tracks?
Posted: Wed Nov 09, 2022 6:30 pm
by trebekismyhero
Kirkland, Honigman, and I have heard McDermott (someone else can confirm) do non-equity partners after 6 years. I am sure there are others that do that for non-equity, doubt there are any major firms that do equity partnership in less than 8 years.
Re: Law Firms with Shortest Partnership Tracks?
Posted: Wed Nov 09, 2022 7:13 pm
by Anonymous User
Cravath is equity-only and makes partners after 7 years. (My firm also has a 7 year partnership track but that is for non-equity status.)
Re: Law Firms with Shortest Partnership Tracks?
Posted: Wed Nov 09, 2022 7:27 pm
by Anonymous User
Doesn't Knobbe have a 6 year partner track as well? They sold that hard on me during interviewing a few years ago and said everything short of "everyone makes it if they want to."
Re: Law Firms with Shortest Partnership Tracks?
Posted: Wed Nov 09, 2022 7:38 pm
by Sackboy
Anonymous User wrote: ↑Wed Nov 09, 2022 7:13 pm
Cravath is equity-only and makes partners after 7 years. (My firm also has a 7 year partnership track but that is for non-equity status.)
This is dependent on the group. For corporate, you make partner at 7 years (well, plus stub). Tax, Compensation, and T&E people often take 8-10 years. No clue about litigators.
McDermott does its nonequity after 7 years I believe (not 6). I believe Skadden now does counsel after 6 years.
Re: Law Firms with Shortest Partnership Tracks?
Posted: Wed Nov 09, 2022 10:04 pm
by Anonymous User
Bartlit Beck is 4.5, which I believe is the shortest of any major firm or boutique
Re: Law Firms with Shortest Partnership Tracks?
Posted: Wed Nov 09, 2022 11:13 pm
by Anonymous User
Sackboy wrote: ↑Wed Nov 09, 2022 7:38 pm
Anonymous User wrote: ↑Wed Nov 09, 2022 7:13 pm
Cravath is equity-only and makes partners after 7 years. (My firm also has a 7 year partnership track but that is for non-equity status.)
This is dependent on the group. For corporate, you make partner at 7 years (well, plus stub). Tax, Compensation, and T&E people often take 8-10 years. No clue about litigators.
McDermott does its nonequity after 7 years I believe (not 6). I believe Skadden now does counsel after 6 years.
McDermott just prompted class of 2016 to income partner, so its 6th years going on 7th years. Capital partners are usually at least 3 years at the income partner level before eligibility, so about 10 years total
Re: Law Firms with Shortest Partnership Tracks?
Posted: Thu Nov 10, 2022 1:15 am
by Monochromatic Oeuvre
trebekismyhero wrote: ↑Wed Nov 09, 2022 6:30 pm
Kirkland, Honigman, and I have heard McDermott (someone else can confirm) do non-equity partners after 6 years. I am sure there are others that do that for non-equity, doubt there are any major firms that do equity partnership in less than 8 years.
Confirmed MWE still does NEP after 6.
Re: Law Firms with Shortest Partnership Tracks?
Posted: Thu Nov 10, 2022 7:04 am
by Anonymous User
Anonymous User wrote: ↑Wed Nov 09, 2022 10:04 pm
Bartlit Beck is 4.5, which I believe is the shortest of any major firm or boutique
What happens if you don't make it by year 4.5? I see a bunch of 2017 grads who have presumably heard about their election (or non-election) and few beyond (2014, 2016 grads).
Re: Law Firms with Shortest Partnership Tracks?
Posted: Thu Nov 10, 2022 9:50 pm
by Anonymous User
Anonymous User wrote: ↑Thu Nov 10, 2022 7:04 am
Anonymous User wrote: ↑Wed Nov 09, 2022 10:04 pm
Bartlit Beck is 4.5, which I believe is the shortest of any major firm or boutique
What happens if you don't make it by year 4.5? I see a bunch of 2017 grads who have presumably heard about their election (or non-election) and few beyond (2014, 2016 grads).
Idk, most partners make it at 4.5 but some do later. It’s a very black box firm, you can’t even find their base salary anywhere online (I know it’s well above market but nothing specific).