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Reply to "Distinction between partner and counsel positions "
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[quote=Anonymous]OP, it varies by firm, but essentially if we make someone coming from government a partner in name (whether equity or non-equity), we are expecting them to produce like a partner within a year or two. That is to say, develop their own business, bring in their own clients, "pay their own way" as well as keep associates busy. Whereas someone who is a counsel is getting paid less but is going to have a slightly longer runway in terms of when we expect them to really bring in work themselves vs. work other peoples' matters. But we don't really expect anyone to stay counsel forever. Some do, but that's sort of an accident on a case-by-case basis (like they serve a niche need that we'll always have but will never have millions in revenue).[/quote]
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