Who Has the Best Ranking in a Law Firm?
The Managing Partner (or CEO) at the head of the law firm is known as "The King." This individual is portrayed as the leader of the kingdom and serves as its public face. The other partners, the nobles, possess "land" (i.e., own a percentage of the firm ). The portion of a law firm that equity partners earn is comparable to the amount of land that aristocrats controlled. In big legal firms, becoming an equity partner is a coveted position that very few people achieve. Knights (the salaried associates, income partners, and counsel attorneys in the firm) (the salaried associates, income partners, and counsel attorneys in the firm). The firm's salaried attorneys enjoy high regard for the quality of their work. It is possible for the very best knights and those who give the most sacrifice for the nobles over the longest period of time to become nobles, although this rarely happens. "The Guilds" (accounting, human resources, and their junior helpers and as...