October 16, 2025 - Achieving partnership in a law firm is a significant milestone that represents recognition of an attorney's hard work, dedication, and expertise. There are those associates who know ...

Business deals often fail not because of bad intentions, but because early assumptions go unchallenged. And the most dangerous legal risks for stakeholders are often the ones leaders believe are ...

An overview of the US federal income tax rules that apply to partnership divisions, including guidance on determining whether a transaction is treated as a partnership division, the tax form of a ...

Partnerships are a popular business entity in the United States, particularly for small businesses. If you are considering forming a partnership, it is important to understand the fundamentals (and ...

Far too often young attorneys measure their worth based on their ability to make partner or to move up the ranks of a large law firm. The stigma that many of these young attorneys face when they ...

Single-tier firms are becoming fewer and fewer, and the cultural arguments against it may not hold. Several industry observers point to competitive advantages for two-tier firms. Still, several firms ...

Biglaw firms with single partnership tiers are now few and far between, with more big-name firms showing that they’re ready, willing, and able to welcome nonequity partners to their ranks. Two sources ...