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Weil Gotshal collapse exposes the fragility of law firm partnerships
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Weil Gotshal collapse exposes the fragility of law firm partnerships
Law firm partnerships are inherently fragile due to their lack of residual equity value and transactional cultures, making them susceptible to sudden partner departures and bank-like runs – and proposed government restrictions on non-compete clauses will make it worse, says Stephen Phillips I was a partner in a couple of major global law firms. At [...]
4 Nov, 05:43
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