Bloomberg Law
April 28, 2022, 9:30 AM

Big Law’s Brass Ring Remains Elusive, Even as Firms Rake in Cash

Roy Strom
Roy Strom

Welcome back to the Big Law Business column on the changing legal marketplace written by me, Roy Strom. Today, we look at how many new equity partners were minted during Big Law’s best year in a generation. Sign up to receive this column in your inbox on Thursday mornings.

In November, I wrote that Big Law firms could use the surging value of their equity shares to check off one of their most pressing tasks: retaining talent. All they’d have to do is hand out equity shares to more people—specifically, those they’re most interested in keeping.

It didn’t really ...

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