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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is not new. And yes, if it's really to non-equity they will get their capital back. There are some firms with partial equity tiers where they might only get a portion of capital back now. [/quote]
The question isn't just if they get their capital, it's when. Most firms have partnership agreements that allow them to repay capital over a ridiculously long period of time. And if a partner is de-equitized for performance reasons, s/he isn't always eligible for the return of all his/her capital.

--Senior associate[/quote]

It is more and more common for firms to delay return of capital for partners jumping to other firms.  But I'd be surprised if firms played games with returning capital to de-equitized partners.[/quote]
Lol. You're an optimist, aren't you? Do you know any de-equitized partners? I do.

--Senior associate [/quote]

Well, you are clearly all knowing since you are "Senior Associate."  I am sure heaps of de-equitized partners are pouring out their souls to "Senior Associate" and other partners are giving "Senior Associate" a copy of the partnership for his perusal.[/quote]

NP here.  Of course this happens. They are cut throat.  Remember to the other partners, one who gets deequitized has been a financial drag for a while.  In that environment, bitterness and resentment builds quickly, so it is easy for those who remain to feel that those kicked out don't actually deserve to be paid back and therefore interpret the contracts in the light least favorable (ie, in the same way as for those who jump).[/quote]

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