Showing posts with label General Practice. Show all posts
Showing posts with label General Practice. Show all posts

Monday, January 5, 2009

Is high leverage model of firms set to change?

Pyramid of Cestius, Rome, ItalyImage via WikipediaOver the last couple decades, high leverage--the practice of having each equity partner supported by three or more associates or income partners--was accepted as a basic tenet of profitability. But is the pyramid an unstable structure? Our report includes a chart ranking the Am Law 100 by leverage.

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From the January Issue of The American Lawyer: Past the Tipping Point

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