In the ever-evolving landscape of Biglaw, the strategic shifts in partnership structures are closely watched. According to the 2026 Citi Hildebrandt Client Advisory, a notable change might be on the horizon. Despite a recent contraction in equity partnerships and a rise in nonequity ranks, a surprising 62% of large law firm leaders have indicated plans to increase their equity tiers over the next two years.

The statistics come at a pivotal time when the legal industry grapples with balancing firm profitability with the career aspirations of its attorneys. The past year saw a 6% growth in nonequity positions, a trend that some argue dilutes the prestigious equity partner status, but potentially offers more lawyers a semblance of partnership.

This rising inclination to expand equity ranks might be seen as a positive shift towards more inclusive and rewarding firm structures. However, skepticism remains about whether these projections will materialize, especially in light of the recent contraction in equity partnerships.

The responses from firm leaders suggest a strategic recalibration that may aim to address dissatisfaction among senior attorneys and align more closely with the market's competitive dynamics. It also raises questions about the sustainability and long-term impact of such expansions on firm culture and financial health.

Observers and industry analysts will be watching closely to see if these intentions translate into action and how they will influence the broader legal landscape. Will this mark a significant shift in how firms manage their talent and equity structures, or is it merely optimistic forecasting in response to industry pressures? Only time will tell if the Biglaw leaders' promises come to fruition or if they will adjust course in response to the practical challenges that lie ahead.