Hi!
I recently attended an Open Day at Shearman & Sterling and one of the speakers said that Sheaman & Sterling have a single global partnership, where all the firm's partners are in a single equity pool/pot of profits. He said that other elite NY firms also had this model, e.g. Weil, Gotshal & Manges, but that there are alternative models which separate profits by office, such as in White & Case.
However, I'm having trouble finding any of this online. I'm not sure what the names of these different models are and when I google things relating to partnerships or profits, I can't see White & Case posting anything about separating by office, only profits per partner.
Has anyone got any idea what these models are called OR where to find this information about each law firm? (I've already checked W&C's annual review)
I recently attended an Open Day at Shearman & Sterling and one of the speakers said that Sheaman & Sterling have a single global partnership, where all the firm's partners are in a single equity pool/pot of profits. He said that other elite NY firms also had this model, e.g. Weil, Gotshal & Manges, but that there are alternative models which separate profits by office, such as in White & Case.
However, I'm having trouble finding any of this online. I'm not sure what the names of these different models are and when I google things relating to partnerships or profits, I can't see White & Case posting anything about separating by office, only profits per partner.
Has anyone got any idea what these models are called OR where to find this information about each law firm? (I've already checked W&C's annual review)
