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Revision as of 23:35, 25 August 2024

Needing the help of a lawyer is something that no one needs as it typically implies you are dealing with some type of lawful problem and that you will possibly have to presume a considerable economic investment. 3 However, D.C.'s rule is narrowly tailored to permit equity ownership only by those nonlawyer partners that actively aid the firm's lawyers in offering legal services, and does not allow for the sale of possession shares to simple passive nonlawyer financiers.

Lots of large law practice have moved to a two-tiered collaboration version, with equity and non-equity companions Equity partners are thought about to have possession risks in the company, and share in the earnings (and losses) of the company.

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