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Not everyone becomes a partner. Not everyone wants to become a partner, and not everyone can. At some large firms, it's very difficult to become partner. I'm not sure exactly how it works, but I think the decision is based upon work quality, rainmaking capabilities and who knows and likes you. I'm sure that it can get quite political. Sometimes people will start out at one firm and then move to another where partnership is more likely. I think that at most large firms, partnership track is about seven years or so.
Large firms tend to keep the same name forever unless they merge with another firm. Smaller firms will sometimes add the name of a new partner and sometimes won't.
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