Partner Promotions in Big Law Highlight Talent War Divides | The Legal Intelligencer - Law.com

What You Need to Know

• New partner classes at Morgan Lewis, Dechert and Faegre Drinker ballooned this year compared to last.
• This follows an industrywide trend, as firms aim to retain lawyers by offering more of them a path to partnership.
• Industry leaders said it's important to note many of the promotions do note come with equity in the firm.

Some of Pennsylvania’s largest firms granted partner status to their largest cohorts of lawyers in recent history this year in another bid to retain talent by offering a clear path to partnership.

Morgan Lewis & Bockius, Dechert and Faegre Drinker Biddle & Reath, among others, promoted significantly more lawyers to their partnerships this fall than in prior years. This follows suit with a number of firms in the Am Law 50 that promoted record-breaking classes, including McDermott Will & Emery, Kirkland & Ellis and Goodwin Procter.

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source: https://www.law.com/thelegalintelligencer/2021/12/20/partner-promotions-in-big-law-highlight-talent-war-divides/

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