Please don't forget to make a donation. We need your help in these difficult times. Donate now.

Business term of the day - Term for July 8, 2013: "Associate Attorney"

Enlarge
An associate attorney is a lawyer and an employee of a traditional law firm who does not hold an ownership interest as a partner. Generally, an associate has the goal of being made a partner in the firm, after a number of years gaining practice experience and being assigned to increasingly more important and remunerative tasks. At firms with an "up or out" policy, associates who are repeatedly passed over for promotion to partner may be asked to resign. Some firms will also have "non-partner-track" associates who, though performing satisfactorily as employees, for whatever reason, will not be promoted to partner.