<p>I don’t really know but I would think “non-equity partners” would be immune to layoffs. As long as the firm had any money, their salaries would be paid.</p>
<p>If this is not true, then the term is meaningless and is probably a “title in lieu of money” scam.</p>
<p>To everyone: Get it in writing. Get it in cash or cash equivalents. Submitting to “at will” employment is for suckers.</p>