BCG News 12/01/09
Fewer Associates Made Partner In 2009
Across the board major law firms are promoting fewer associates to partner. Skadden, Arps, Slate, Meagher & Flom selected only 8 new partners in April, compared to 25 last year. Cleary Gottlieb Steen & Hamilton selected only four new partners in 2009, which is half of 2008's count. Latham & Watkins slashed promotions by 2% and Ropes and Gray had a third less promotions compared to 2008, with eight new partners.