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Revision as of 12:54, 26 August 2025

Needing the aid of an attorney is something that no one wishes as it generally implies you are facing some kind of legal issue which you will most likely need to assume a considerable financial investment. 3 Nonetheless, D.C.'s regulation is directly tailored to permit equity ownership only by those nonlawyer partners who proactively assist the company's attorneys in providing legal solutions, and does not enable the sale of possession shares to simple passive nonlawyer capitalists.

Many huge law firms have transferred to a two-tiered collaboration model, with equity and non-equity companions Equity companions are thought about to have possession stakes in the company, and share in the earnings (and losses) of the firm.

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