The truth about partnerships

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  • No money either

    It gets worse. With the introduction of income/salaried/non-equity partnerships, the financial rewards are also fast disappearing as firms adopt a "plantation owner" mentality (with the salaried partners being the "overseers"). A lot of hard working young associates will have received a real "buz killer" after finding out that, in fact, they will not get a pay rise... or at some firms suffer a pay cut... when they get given the keys to the executive washroom.

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  • Nonsense

    How can you possibly suggest that associates can have invested "one third" of their life with A&O before being rejected? You will be up for partnership 7 or 8 years PQE. If you trained there, you will have invested 9 or 10 years, not exactly one third of a life(!) Further, the investment is in yourself not in A&O, if you are smart about it. There is no secret that partnership is not guaranteed.

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