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WebApr 7, 2024 · Traditionally, law firms have been run by partnerships – a group of senior lawyers who put their own money into the firm in return for a share of the profits. However, in the modern legal profession there are many different types of partnership, with huge variety in terms of how firms are structured. Reading time: 10 minutes WebFeb 28, 2024 · First, counsels do not share in the firm’s profits; they are salaried just like associates. How much a counsel gets paid will depend on the individual and the firm, but it will usually be closer to what mid/senior associates make than partners’ compensation. Second, being counsel is less prestigious than making partner or being a managing ... can a diet make you tired
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