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Law firm leaders call it a leveraged pyramid.
And last week, the JPMorgan chief was one of six financial firm leaders to meet with Daniel K. Tarullo, a Fed governor, to discuss the rule.
The current demand for high-end legal services is flat, so many firm leaders use high profits to attract rainmakers from elsewhere.
But creating the right business is difficult, firm leaders and industry experts say, particularly for lawyers not used to running a business.
It comes down to this: firm leaders know that regardless of how they treat young lawyers, numerous replacements wait for their turns in the increasingly fragile big-law barrel.
But it requires clients to press harder for alternative fee arrangements, courts to back away from policies that embed the billable hour, law firm leaders to stop rewarding excessive associate hours and senior partners to consider the deleterious consequences of their myopic focus on short-term profit-maximizing behavior.
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The Russian asset management firm Leader - controlled by close associates of Vladimir V. Putin's - created two art-related investments.
On the Fox News Channel, Pete Snyder, a Republican strategist, said the president had proved "he's a firm leader".
"No school can reach its potential without a firm leader," Mrs. Clinton said, addressing several hundred students and community members.
She became a firm leader in her third year, helping second-years advise clients and running masterclasses for sixth formers.
Our partner and former firm leader Jesse Wolff was a unique person who was a major contributor to our firm and those associated with it.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com