Law Practice
Mar. 9, 2011
Doubling Down for Growth
Firms face a raft of financial problems when partners depart. By Edwin B. Reeser.
FOURTH IN A FIVE-PART SERIES: We have talked about a fictional partner Mary Doe in a fictional large law firm, and the pressures she is facing with her practice and considerations of future economic pressure and career opportunity. We also looked closely at her capital account position in the firm and how it evolved. Now we are going to look at what is happening with the capital accounts in the firm from the perspective of the management. ...
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