Law Firm Organizational Chart
There are legal firms that have a clear hierarchy and others that could have a more leveled organization. One can go from summer associate (intern) to junior associate and senior associate in legal firms when there is a hierarchy of jobs. Of course, a lot relies on the legal practice, your role within it, your background, your accomplishments, and your business-related contributions. If they possess the necessary abilities, some associate attorneys want to become partners within a few years after starting their careers.
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Like ordinary employees, associates are paid a wage and enjoy benefits; partners typically gain additional profit or incentives based on the company's performance. Law firms have equity partners, who file a Schedule K-1 ta...