Baker & Hostetler Weighs Giving All Partners Stake in the Firm

What's it mean to be a law firm partner? At some large firms, being a partner means having an actual voice in how the firm operates. At others, it means having little influence and a salary barely higher than that of a senior associate. Baker & Hostetler LLP is proposing a change to put all of its partners on more equal ground by eliminating its so-called two-tier partnership in favor of one that gives every partner an equity stake in the 930-lawyer firm.