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[quote=Anonymous]A lot of people who are “partner” are non-equity partners, which is only different from being “of counsel” to people outside the firm.

Equity partners won’t share their equity unless the person is bringing in business that makes it worth it in the very near term.

There’s also a chance that one could make partner at one of the firms that only has equity partners and get pushed down to “of counsel” if they aren’t bringing enough business.

Having been at a firm like that, I’m pretty sure all these “big” partner classes are of non-equity partners for marketing (clients and new hires) purposes.

Anyway - I get how OP’s husband feels, I was there (but much earlier in my career) and didn’t really want to be partner, because I wanted a little work/life balance, but also didn’t like being “only” of counsel.

I’d say he should ride it out, because really, the $$$ benefits for partnership take 5-7 years at least to get significantly ahead of being a well paid of counsel - better to put that time in as of counsel and peace out.

Also, the reality is, the firm wouldn’t keep him on if they didn’t find his contributions worth it. So he shouldn’t see it as a reflection of his skill as a lawyer. [/quote]

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