Then the equity is with the partners. Same concept.
Then the equity is with the partners. Same concept.
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.
Gotcha. Thanks for explaining. You obviously know more than I.
I only know about Biglaw because I was in it for a long time!
I get it. I know enough to defer to those who know. Appreciate it.
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.
Marc Elias on the other hand is a hero
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.
History will remember him fondly.