Date: November 23rd, 2014 11:16 AM Author: mint mood preventive strike
I read on here about young lawyers who are waiting for boomer partners to retire so they can take over their clients and become partners. But what if the ABA allows non-lawyer ownership of law firms? Seems like you would see some of the big firms going public so the partners could cash out, rather than just handing over their businesses to the junior people. Incidentally, this is basically what happened with the big private equity firms.