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Revision as of 18:18, 25 August 2025
Attorneys from our substantial network are ready to answer your inquiry. The U.K. had a comparable policy barring nonlawyer possession, but under reforms implemented by the Legal Provider Act of 2007 law firms have actually been able to take on a restricted variety of non-lawyer partners and attorneys have been enabled to enter into a wide variety of service partnerships with non-lawyers and non-lawyer owned services.
Many big law office have relocated to a two-tiered partnership model, with equity and non-equity companions Equity companions are considered to have possession risks in the firm, and share in the revenues (and losses) of the firm.
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