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Law firms tap younger lot for partner profiles as attrition rises

Livemint

Livemint · 10m ago

Law firms tap younger lot for partner profiles as attrition rises

- Lawyers in their early 30s are now being promoted to partner roles in law firms, in contrast to the previous trend of waiting until the age of 40 or above. - Factors driving this change include the need to address attrition, promote younger talent, and find individuals well-versed in new-age policies and complexities. - Attrition in law firms has been increasing, with practice heads and teams of partners frequently moving to rival firms, creating vacancies in various practices. - Partners can be either equity partners or fixed income partners, with equity partners receiving a share of the firm's revenue and investment in the company. - The rise of new areas like data privacy, AI, IoT, and blockchain requires specialized knowledge of regulatory and policy frameworks, increasing the demand for young lawyers who possess such expertise. - Law firms are providing training workshops, exposure to complex cases, and opportunities for early client interaction to develop legal expertise and commercial awareness in young lawyers.

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VCCircle

VCCircle · 1y ago

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Cyril Amarchand Mangaldas hires former Trilegal exec for corporate practice

VCCircle

VCCircle · 11m ago

Cyril Amarchand Mangaldas hires former Trilegal exec for corporate practice

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Livemint

Livemint · 22d ago

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Economic Times

Economic Times · 1y ago

If you can't beat 'em? European politicians embrace TikTok despite security fears

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Livemint

Livemint · 2m ago

Rising stars secure equity stakes at top law firms

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VCCircle · 8m ago

Evolvence's Kumar on change in Indian PE/VC scenario over the years, exit strategy and more

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