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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why is making partner that big of a deal? Sorry I know nothing about corporatw law. [/quote]

It matters the way that any promotion matters, but also more.

Unlike a promotion from one tier of employee to the next, you are being promoted from labor to owner.

Financially, it matters because you become a shareholder of the firm.  This means you need to pony up significant money as a capital contribution.  It also means that you get to share in the profits of the firm, as opposed to simply trading your labor for a salary as a wage employee.  This has the promise of being far more lucrative, of course.

Professionally, it matters because it means that you have succeeded, and passed another test.  It means that the other shareholders have confidence in you and have elected you to become their peer, rather than their employee.  It matters because you have likely realized a long-held professional ambition.[/quote]

Translation:   slave becomes master.   Partnerships are pure evil forms of enterprise in our society. [/quote]

In your analogy, getting a job as a "slave" is highly competitive and slaves are paid $180-400k per year.[/quote]

Ask any pro athlete.  They get paid upwards of $20m per year but still consider themselves a "slave" in the scheme of things.     [/quote]

And do you think that's a reasonable stance?[/quote]

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