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Reply to "what is the typical equity partner buy-in (at law firms of various sizes) and how is that financed?"
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[quote=Anonymous][quote=Anonymous]Helpful thread; thank you for posting. So partners are expected to foot their entire insurance bill at most firms? How much on average is it per year for a family plan?[/quote] It's not quite that they are expected to, it has to do with firm structure and tax law. At least in an LLP partners are owners of the firm and receive K-1s for their share of the profits of the firm. Partner benefits are not firm expenses. All retirement contributions, insurance, etc are self funded. Most marketing expenses are actually firm expenses but some firms do put limits on things like how many bar dues they will cover, how much CLE, what kind of marketing, etc. Those things become deductible business expenses at the individual level.[/quote]
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