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Latest revision as of 07:53, 8 January 2026

Needing the assistance of a lawyer is something that no one needs as it generally indicates you are dealing with some kind of lawful problem and that you will probably need to think a substantial economic outlay. 3 However, D.C.'s policy is narrowly customized to permit equity ownership just by those nonlawyer partners that proactively help the firm's attorneys in providing lawful solutions, and does not enable the sale of possession shares to plain passive nonlawyer financiers.

Lots of large law practice have moved to a two-tiered collaboration design, with equity and non-equity companions Equity partners are taken into consideration to have possession risks in the firm, and share in the profits (and losses) of the company.

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