Search results
Results From The WOW.Com Content Network
A partner in a law firm, accounting firm, consulting firm, or financial firm is a highly ranked position, traditionally indicating co-ownership of a partnership in which the partners were entitled to a share of the profits as "equity partners".
Firms marked with "(verein)" are structured as a Swiss association. These are estimates and equity partners can make vastly different salaries inside the same firm. [2] For more up-to-date information on the US firms in this list, please refer to Largest US Law Firms Ranked by Profits Per Equity Partner.
Law firms are organized in a variety of ways, depending on the jurisdiction in which the firm practices. Common arrangements include: Sole proprietorship, in which the attorney is the law firm and is responsible for all profit, loss and liability;
A part-time practitioner who practices law in association with a firm, but on a basis different from that of the mainstream lawyers in the firm. Such part-time practitioners are sometimes lawyers who have decided to change from a full-time practice, either with that firm or with another, to a part-time one, or who have changed careers entirely ...
Since most U.S. law firms are organized as limited liability partnerships or professional corporations, each partner is usually responsible for acquiring their own clients in that partner's specific area of specialty. In the competitive legal market, especially in large city markets, partners are evaluated by committees of their fellow partners ...
In certain partnerships of individuals, particularly law firms and accountancy firms, equity partners are distinguished from salaried partners (or contract or income partners). The degree of control which each type of partner exerts over the partnership depends on the relevant partnership agreement .
According to published data from the New York Times, the annual base salary for partner-track first year associate attorneys at top law firms in major U.S. legal markets such as New York, California, Massachusetts, the District of Columbia, and Texas can range from $160,000 to $190,000 per year—with salary varying depending on the size and reputation of the firm.
A close equivalent to limited liability partnerships under Polish law is the spółka partnerska, where all partners are jointly and severally liable for the partnership's debts apart from those arising from another partner's misconduct or negligence. This partnership type is only addressed to representatives of some "high risk" occupations ...