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Pro: Equity
Con: Non-equity
OP- At many firms, that’s now the only trajectory. If a firm has two tiers, no one coming up as an associate makes equity directly unless they have a serious book already. Lateraling as from an associate position to a partner role is an even harder sell.
Tee hee hee what are all the equity partners gonna do when millennials kill non equity partnership by not taking the deal
Yeah there are always sell outs lol