Despite All the Law Firm Cuts, New Partners Continue to Appear

The number of newly minted partners at law firms has generally plummeted since last year — an obvious bow to economic reality. But then how to explain that some firms have increased their number of new partners over their numbers last year — even firms that have had layoffs, like Cadwalader, Wickersham & Taft? Some firms may be acting on decisions or promises made long ago, when the economy was not such an issue. And it’s likely that there are more new income rather than equity partners among the batch. Full Story…