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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I belive there are ethical restrictions at play here.[/quote] They're planning on making the lawyers and the non-legal staff/infrastructure separate entities. PE would own the infrastructure part and then the partners would own the lawyer part.[/quote] There is very little non-legal staff in law firms these days. They’ve been shedding paralegals and secretaries for years now. And all the revenue is from lawyers billing hours. How does the PE entity make any money? [/quote]
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