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Law firm promotions are often celebrated, showcasing growth and the elevation of top talent. However, the rise of salaried or non-equity partners, especially in Big Law, is causing concern among clients about transparency in billing practices. Firms like Kirkland & Ellis, which promoted 200 attorneys to partner in 2024, are part of a growing trend where many promoted partners lack equity ownership or voting rights. While these promotions bring recognition, higher pay, and increased responsibilities for the individuals, clients are questioning if these titles justify the same rates as equity partners. The trend is raising fears of inflated legal bills without a commensurate increase in senior expertise. As more firms adopt two-tier partnership models, clients are becoming wary of being billed at premium rates by less experienced lawyers. This shift is testing the trust between law firms and their clients, with a growing demand for more detailed billing transparency and clearer delineation of who is performing the work.
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