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Latest revision as of 04:34, 5 September 2024

Requiring the assistance of an attorney is something that no one needs as it normally implies you are facing some sort of lawful issue and that you will probably have to think a considerable monetary investment. 3 Nevertheless, D.C.'s policy is narrowly tailored to enable equity ownership just by those nonlawyer partners who actively help the firm's attorneys in providing legal solutions, and does not permit the sale of ownership shares to mere passive nonlawyer financiers.

Numerous large law practice have actually relocated to a two-tiered partnership model, with equity and non-equity partners Equity companions are considered to have possession stakes in the company, and share in the earnings (and losses) of the company.

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