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Reply to "Explain to me these various law firm jobs"
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[quote=Anonymous]All those other ones are attorneys who are not partner-track. Sometimes they are partners who are semi-retired, usually they are former associates or lateral hires who work reduced hours (such as 40 hours or a lower billing requirement) and/or have a reduced salary. The old formula was to work 7 years as an associate, and then up-or-out. You either made partner, or left for somewhere else. Now, hardly anyone makes partner, especially equity-partner. So some associates are able to transition to of counsel or special counsel, which is not partner-track. You won't get paid as much, but you still have a job. Staff attorneys are like associates but (usually) get paid less, and are not partner-track, either. Did that make it any clearer? [/quote]
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