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[quote=Anonymous][quote=Anonymous]Since there are so many lawyers on this board.

Alex Murdaugh was fired from his law firm and accused of "misappropriating" more than $1m from the firm in the wake of the murder of his wife and son and being shot in the head, and it seems likely that he pulled those triggers.

The law firm has five named partners. How does that happen? Don't they have a controller? Don't they have to meet and go over the financials? How can anyone abscond with millions from a small business like this with multiple owners?

Who are these other partners?[/quote]

It so depends on the exact circumstances of the firm. Not all partners are created equal. Some of the other four could have been basically salaried, even if legally partners, and not involved in the management and money side of things. Technically a partner has a right to inspect the books of the firm, but realistically, whether you do so depends on the firm's culture. If you're dependent on the main partner for work and money, you aren't going to make your demand for the books no matter how much you're entitled to it. My guess -- but it's just a guess -- is that Alex probably "volunteered" to deal with the "money stuff" and just let the other partners focus on practicing law. And, being lawyers, they were more than happy to offload the financials to someone else.[/quote]

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