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Revision as of 13:26, 26 August 2025

Needing the support of a lawyer is something that no one needs as it normally implies you are dealing with some type of legal problem which you will most likely need to assume a significant economic expense. 3 However, D.C.'s policy is narrowly tailored to permit equity ownership just by those nonlawyer partners who actively assist the firm's attorneys in supplying legal solutions, and does not allow for the sale of possession shares to simple passive nonlawyer financiers.

Numerous huge law firms have relocated to a two-tiered partnership version, with equity and non-equity companions 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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