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Money and Finances
Reply to "The DC Legal Proletariat Isn't Rich - the Bourgeoisie Is"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why aren’t more law firms corporations or owned by private equity?[/quote] In virtually every state, non lawyers cannot own law firms. [/quote] True and there is no money in it for private equity. You could pay partners 500k and keep the other 1.5 million in profits per partner at top firms but they wouild not keep their partners and the people willing to work for 500k could not keep the clients needed for 2.0 million in profits per partner. It is an odd model. [/quote]
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