Law Firm Management

Aren’t Non-Equity Partners Really Just Glorified Associates?

With a nod to the danger of generalizing, I would have to say that as a group, I like non-equity partners (“NEPs”) just as much, if not better, than I like equity partners. They are often people who are primarily interested in practicing law and doing well by their clients, as opposed to promoting themselves and reaching the top of the earnings heap.

On the other hand, I don’t think much of the whole concept of non-equity partnership.