rudy
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Becoming a partner means that you get to share in a percentage of the companies profits. It is usually the highest step somone working in an office can achieve unless they would open their own practice. |
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~Les~
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Making partner means that you become one of the bigwigs and usually some kind of name or heading change is involved too. It's like CEO is for a big company. You get added benefits and a percentage of the company but more responsibilities also. |
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biggbilly03
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Partner means you own a portion of the whole firm. |
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desgard
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To ascend to highest rank in a law firm, to become partners with the head. Ex: In Sebben and Birdman law firm, Birdman "made partner" with Phil Sebben. |
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Joe Rockhead
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It means you go from employee to part owner or "partner". You then have more fiduciary responsibility to the firm and will benefit more from a financial windfall (but also suffer the consequences of failure in a way that owners, not employees, do). |
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Nancy Kay
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A partner shares in a negotiated percentage of the overall earnings of the firm, not just what he or she actually earns by themself in salary or fees...a major form of profit sharing...the topmost level of the "employment" relationship in a law firm or other professional practice. |
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runs_with_scissors
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It means being one of the principal owners. |
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rechdxs
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Law firms and similar organizations are often formed as partnerships.
http://en.wikipedia.org/wiki/Limited_liability_partnership
To make partner, this normally means that a person is given or allowed to buy an ownership in the entity that is their current employer. This effectively makes them one of the owners of the business. Some organizations offer partner level positions that only offer a form of profit sharing and not equity in the business. |
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Erin S
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I believe it means basically that you are now a partener in that firm, like part owner. The two of you are now business partners and also colleagues. |
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jcurrieii
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It means you have a finacial anchor on you. If the company goes down, you loose your shirt.
Alternatively, it means instead of keeping your commissions, you have to dole a large percentage of them out to everyone who isn't a partner.
It also is a quite prestegeous thing, and pays quite well...usually. |
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