Guarantee they have enough equity. They could do no business for 4 years and survive. But yes, they absolutely should fight. It’s cowardice at every level.
Replies
I seriously doubt they do, and I suspect I understand their business model better than you. Law firms don’t hold huge cash reserves - they pay out profits to their partners. And even access to financing will be more difficult with these EOs hanging over their heads.
apr 12, 2025, 12:54 am • 0 0 • view
Then the equity is with the partners. Same concept.
apr 12, 2025, 1:08 am • 0 0 • view
They’re limited partnerships - partners aren’t obligated to kick in to fund the firm’s operations, and they can take their money and their clients and go to another firm whenever they want. So could individual partners last 4 years without pay? Some could. But their firms couldn’t.
apr 12, 2025, 1:19 am • 1 0 • view
Gotcha. Thanks for explaining. You obviously know more than I.
apr 12, 2025, 1:25 am • 1 0 • view
I only know about Biglaw because I was in it for a long time!
apr 12, 2025, 1:46 am • 1 0 • view
I get it. I know enough to defer to those who know. Appreciate it.
apr 12, 2025, 1:52 am • 1 0 • view
Lawyers like college professors are for the most part only interested in their careers and the money or status it brings. They talk a good game but a little pressure and they come up with all manner of excuses to comply.
apr 12, 2025, 3:00 am • 1 0 • view
Marc Elias on the other hand is a hero
apr 12, 2025, 3:02 am • 6 1 • view
He is, but it’s not really the same. Fighting the government on constitutional and civil rights issues was always core to his business. I’m not saying he isn’t sacrificing by making himself a target, but putting himself out there is free advertising for his services and his business is booming.
apr 12, 2025, 3:14 am • 1 0 • view
History will remember him fondly.
apr 12, 2025, 3:12 am • 1 1 • view