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Revision as of 16:56, 27 August 2025

Needing the support of a lawyer is something that nobody wishes as it normally suggests you are dealing with some kind of lawful problem and that you will possibly need to think a considerable financial expense. 3 Nonetheless, D.C.'s rule is narrowly tailored to allow equity ownership just by those nonlawyer companions who proactively aid the company's legal representatives in offering lawful services, and does not enable the sale of possession shares to simple passive nonlawyer capitalists.

Many big law practice have moved to a two-tiered collaboration design, 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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