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A partner in a law firm, accounting firm, consulting firm, or financial firm is a highly ranked position, traditionally indicating co-ownership of a partnership in which the partners were entitled to a share of the profits as "equity partners". The title can also be used in corporate entities where equity is held by shareholders.
Law firms are typically organized around partners, who are joint owners and business directors of the legal operation; associates, who are employees of the firm with the prospect of becoming partners; and a variety of staff employees, providing paralegal, clerical, and other support services. An associate may have to wait as long as 11 years ...
Firms marked with "(verein)" are structured as a Swiss association. These are estimates and equity partners can make vastly different salaries inside the same firm. [2] For more up-to-date information on the US firms in this list, please refer to Largest US Law Firms Ranked by Profits Per Equity Partner.
List of largest law firms by revenue; List of largest United States-based law firms by profits per partner; List of largest United Kingdom-based law firms by revenue; List of largest Canada-based law firms by revenue; List of largest Europe-based law firms by revenue; List of largest Japan-based law firms by head count
This is a list of the world's largest law firms based on the AmLaw Global 200 Rankings. [1] Firms marked with "(verein)" are structured as a Swiss association.
As of August 2018, it was the second largest law firm by headcount [13] [14] and third by revenue. [15] For 2015-2022, Reuters ranked the firm first by number of cross-border deals and for the eleventh year in a row the firm was ranked first for deals with emerging market involvement, by both number of announced and completed number of deals. [16]
The authority-based hierarchy, also known as the formal hierarchy, to a large extent arises from the legal structure of the organization: for example, the owner of the firm is also the CEO or appoints the CEO, who in turn appoints and supervises departmental managers, and so forth.
Such corporations must identify themselves as professional corporations by including "PC" or "P.C." after the firm's name. [1] Professional corporations may exist as part of a larger, more complicated, legal entity; for example, a law firm or medical practice might be organized as a partnership of several or many professional corporations.