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Reply to "Help explain compensation for new law firm partners?"
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[quote=Anonymous][quote=Anonymous]There’s also a capital contribution, which is usually spread out over a few years. [/quote]. It’s called a buy in. If you are a true equity partner then you have to purchase your portion of the firm (like a condo) at my old firm, when one made partner, there is the shaking of hands then the new partner us escorted to the turns bank where a substantial luu I an is taken out by the new partner. The firm immediately got its share and the new partner takes the debt. It depends on the firm [/quote]
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