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Latest revision as of 03:06, 5 September 2024

Needing the support of a legal representative is something that nobody needs as it generally implies you are facing some sort of legal problem which you will probably need to assume a substantial monetary outlay. 3 However, D.C.'s policy is directly customized to allow equity possession just by those nonlawyer partners who proactively assist the company's lawyers in offering legal solutions, and does not allow for the sale of possession shares to mere passive nonlawyer financiers.

Many big law practice have relocated to a two-tiered partnership version, with equity and non-equity companions Equity partners are thought about to have ownership risks in the firm, and share in the revenues (and losses) of the firm.

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