THE END OF PARTNERSHIP

This Article addresses what the Author believes are “myths” of the large firm legal practice. The author argues that the path to “partner” at a large firm provides neither a path nor anything that resembles a real partnership. The Article addresses four reasons to support this statement. The author believes that attaining partnership brings a person to a position where they still work many hours, do not receive a big elevation in status, have no sense of tenure, and must have a very large book of business.

The Authors believes that it is not young associates who will be wanted for partnerships, but instead the so-called lateral partner. They Article concludes by noting what this new path means for the legal profession as a whole.