{"id":149732,"date":"2026-04-27T13:41:50","date_gmt":"2026-04-27T21:41:50","guid":{"rendered":"https:\/\/xira.com\/p\/2026\/04\/27\/biglaws-prime-directive-dont-dilute-equity-but-avoid-making-it-seem-like-a-caste-system\/"},"modified":"2026-04-27T13:41:50","modified_gmt":"2026-04-27T21:41:50","slug":"biglaws-prime-directive-dont-dilute-equity-but-avoid-making-it-seem-like-a-caste-system","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2026\/04\/27\/biglaws-prime-directive-dont-dilute-equity-but-avoid-making-it-seem-like-a-caste-system\/","title":{"rendered":"Biglaw\u2019s Prime Directive: Don\u2019t Dilute Equity, But Avoid Making It Seem Like A \u2018Caste System\u2019"},"content":{"rendered":"

Ed. note<\/u>: Welcome to our daily feature,\u00a0Quote of the Day<\/a>.<\/em><\/p>\n

It opens more doors and more opportunities when you have that [income] tier. Firms, I believe, are also looking to protect their equity partnership and ensure it\u2019s healthy and economically viable. So, finding a path where you can make someone a partner without diluting the equity partnership is solved by having a nonequity tier.<\/strong><\/p>\n

\u2014\u00a0 Lorie Almon<\/a>, chair and managing partner at Seyfarth Shaw, in comments given to the American Lawyer<\/a>, concerning the possible motives for Biglaw firms to adopt different partnership tiers. Almon added, however, that partnership tiers can\u2019t become a \u201ccaste system,\u201d explaining, \u201cAll of our partners participate in financial calls. They\u2019re sharing the same information. We don\u2019t see it as sort of\u2014\u2019the equity partners, who are the owners, and then other people who are not as valuable.’\u201d<\/em><\/strong><\/p>\n

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Staci Zaretsky<\/a>\u00a0is the managing editor of Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to\u00a0email<\/a>\u00a0her with any tips, questions, comments, or critiques. You can follow her on\u00a0Bluesky<\/a>,\u00a0X\/Twitter<\/a>, and\u00a0Threads<\/a>,\u00a0or connect with her on\u00a0LinkedIn<\/a>.<\/em><\/strong><\/p>\n

The post Biglaw\u2019s Prime Directive: Don\u2019t Dilute Equity, But Avoid Making It Seem Like A \u2018Caste System\u2019<\/a> appeared first on Above the Law<\/a>.<\/p>\n

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\n\t\t\t\t\t\t\tBusiness man’s hand reaching for the brass ring\t\t\t\t\t\t<\/figcaption><\/figure>\n

Ed. note<\/u>: Welcome to our daily feature,\u00a0Quote of the Day<\/a>.<\/em><\/p>\n

It opens more doors and more opportunities when you have that [income] tier. Firms, I believe, are also looking to protect their equity partnership and ensure it\u2019s healthy and economically viable. So, finding a path where you can make someone a partner without diluting the equity partnership is solved by having a nonequity tier.<\/strong><\/p>\n

\u2014\u00a0 Lorie Almon<\/a>, chair and managing partner at Seyfarth Shaw, in comments given to the American Lawyer<\/a>, concerning the possible motives for Biglaw firms to adopt different partnership tiers. Almon added, however, that partnership tiers can\u2019t become a \u201ccaste system,\u201d explaining, \u201cAll of our partners participate in financial calls. They\u2019re sharing the same information. We don\u2019t see it as sort of\u2014\u2019the equity partners, who are the owners, and then other people who are not as valuable.’\u201d<\/em><\/strong><\/p>\n

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\"\"
<\/figcaption><\/figure>\n

Staci Zaretsky<\/a>\u00a0is the managing editor of Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to\u00a0email<\/a>\u00a0her with any tips, questions, comments, or critiques. You can follow her on\u00a0Bluesky<\/a>,\u00a0X\/Twitter<\/a>, and\u00a0Threads<\/a>,\u00a0or connect with her on\u00a0LinkedIn<\/a>.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Ed. note: Welcome to our daily feature,\u00a0Quote of the Day. It opens more doors and more opportunities when you have that [income] tier. Firms, I believe, are also looking to protect their equity partnership and ensure it\u2019s healthy and economically viable. So, finding a path where you can make someone a partner without diluting the […]<\/p>\n","protected":false},"author":3,"featured_media":149733,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-149732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/xira.com\/p\/wp-content\/uploads\/2026\/04\/Staci-Zaretsky-gtb0yu.jpg?fit=150%2C100&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/149732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=149732"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/149732\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/149733"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=149732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=149732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=149732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}