Are Biglaw Leaders’ Claims on Equity Partnership Believable?
Recent insights from the 2026 Citi Hildebrandt Client Advisory provide a glimpse into the future of equity partnership in large law firms. According to the report, a notable percentage of managing partners surveyed expressed plans to enhance their equity ranks within the next two years. This assertion raises questions regarding the credibility of these claims amidst current trends.
Current Trends in Biglaw Equity Partnership
While the survey highlights optimism among firm leaders, the reality suggests a contrasting situation. In the first nine months of 2025, the equity tier within Biglaw experienced a contraction. Meanwhile, the nonequity ranks saw an increase of 6%. This trend indicates a potential shift in how firms are managing their partnership structures.
Key Findings from the Advisory
- Survey Participants: Managing partners from various large firms.
- Future Plans: A significant percentage aim to increase equity partnerships.
- 2025 Equity Changes: 9-month contraction in equity ranks noted.
- Growth in Nonequity Ranks: Nonequity positions grew by 6% during the same period.
Believability of Equity Claims
The claims made by Biglaw leaders regarding expansion of equity ranks raise important questions. With recent data showing a decline in equity partnership, skepticism regarding future growth is warranted. The legal industry is at a crossroads, and the ability of firms to adapt to changing patterns may ultimately dictate their success.
As equity partnership dynamics evolve, stakeholders will need to monitor these trends closely. The balance between equity and nonequity ranks could redefine the structure of Biglaw in the years to come.
