Large Firms
Feb. 12, 2014
Law firm re-equitization: doubling down with someone else's money
"Re-equitization"is a term, and more importantly a process, which relates to law firm partnership and capitalization structure. And it's dangerous. By Edwin B. Reeser
"Re-equitization." It is a term, and more importantly a process, which relates to law firm partnership and capitalization structure. The concept is to convert salaried attorneys to partial-profit-participation minority owners. Several firms appear to have adopted the practice, suggesting that somebody is spreading it - possibly even getting paid well to sell it.
It is one of the most singularly bad ideas since lending your ...
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