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Is it worth being a non-equity partner at CAM as opposed to being a Counsel at Trilegal? Or what about being a partner at a non-tier 1 firm as opposed to being a SA or PA at a tier firm?
I see it differently:

Nowadays everyone is made partner as a retention strategy in tier-1 firms, and so tier-1 "partner" tags are of lesser value. The pressures of bringing in business are virtually non-existent, and all one does is execute like an SA/PA day in and day out, with many other partners in the mix. I have seen so many deal reports in the past few years that list 4 partners and 1 or 2 associates, which exemplifies this aptly.

Tier-2 isn't competing to retain resources like tier-1, and in many instances don't promote even the most deserving lawyers for the longest time, even at the risk of attrition, and so if you are dealing with a "partner" at a tier-2, you most likely are dealing with the real deal.