While the one-tier partnership model ruled for a long period of time, today's competitive challenges exposed its limitations, particularly in terms of talent recruiting and retention, as well as ...

In business, any economic relationships between companies are often referred to as partnerships. One provides goods or services, the other purchases them. This makes these entities partners. Strategic ...

More elite law firms, including the recent addition of Cravath Swaine & Moore, are introducing two-tier partnership structures. This approach, inspired by early movers like Kirkland & Ellis, has ...