There’s no practical difference other than taxes, but do you think there’s a prestige difference between being “partner” versus “shareholder” or “member” at a law firm?

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To me, those all denote the entity type of the applicable firm.

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This. The answer to the differences in these titles is found in a business associations course and have nothing to do with prestige of the title.

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4th year associate. All who have earned the rank above Senior Attorney and Of Counsel have earned the right for me to refer to them generally as Partner. Member and Shareholder are too clunky for me and I won’t use these terms, regardless of correctness. I will not change my mind.

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Whatever pays the bills.

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Nope.

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Plenty of non equity partners.

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This has nothing to do with your position. Just indicates what type of business entity your firm is.

I think I either phrased poorly or people missed the point. I’m well aware that partnerships have partner owners, LLCs have member owners, and corporations/PCs have shareholder owners. I’m asking if, externally, there a perception difference to walking into a room as a “partner” at a major law firm versus with another title.

Okay, glad you have a basic understanding of ba. apply that knowledge to your question - nearly all larger/more prestigious firms are partnerships. Professional corps are generally reserved for smaller/midsize firms; and only the smallest firms are LLCs. What would that tell you about the differences in a partner/shareholder/member ? Not a whole lot other than broad brush generalizations.

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