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Revision as of 23:18, 26 August 2025

Requiring the assistance of a lawyer is something that nobody needs as it usually implies you are facing some type of legal issue and that you will probably have to presume a substantial monetary outlay. 3 Nonetheless, D.C.'s regulation is narrowly tailored to enable equity ownership only by those nonlawyer companions that actively aid the firm's attorneys in supplying lawful services, and does not allow for the sale of possession shares to mere passive nonlawyer investors.

Many huge law practice have actually moved to a two-tiered collaboration version, with equity and non-equity companions Equity companions are thought about to have possession stakes in the firm, and share in the revenues (and losses) of the firm.

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