My latest posts

Counsel vs. Partner: What’s the difference?

Key Terms There are many kinds of law firm attorneys with titles that include the word “counsel.” Counsels are salaried employees, usually thought to be between associates and partners. Although each counsel position is very flexibly designed, the ABA has described four kinds of counsels that are commonly found in law firms. Law firms tend

What is a Non-Equity Partner?

Key Terms Non-equity partners are very different from equity partners primarily in that they are salaried and do not share in the profits of the firm. Some firms systematically turn senior associates into non-equity partners, but occasionally you can find non-equity partners in niche practices or by personal choice. If you run into non-equity partnership

What is a Stealth Layoff?

Key Terms Biglaw uses “stealth layoffs” to quietly layoff associates without causing a commotion. Stealth layoffs can be mutually beneficial to the firm and the laid off attorney. Getting stealth laid off could be an opportunity in disguise and a catalyst to making a positive change in your career. Law firms don’t always love attention.

Student Loan Forgiveness After 20 Years

If you graduated law school many years ago and are still making student loan payments, it’s time to look for loan forgiveness options. There are federal programs that can wipe away the balance after 10, 20, or 25 years.

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