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Old 03-07-2006, 04:14 PM   #347
redheaded stepkid
Unholy Toledo!
 
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Join Date: Mar 2006
Location: billableville
Posts: 103
partnership Q (cross-post from Infirmation.com)

Quote:
Originally posted by baltassoc
That's because your fellow associates are pussies. Excluding hard numbers, the partners don't care.

It's not about setting up an official meeting with a partner asking for their financials. Next time you're having lunch with your mentor or some other partner, or at the monthly firm "cocktail hour" or summer associate outing, or whatever, just ask one of them casually how partnership works. "I was wondering, what does it mean to make partner: do you buy in, or what? How does that work? Just curious." You aren't likely to get numbers, but you're going to get a better idea of what your firm's structure is than you will here.

Try to think of the question in the abstract: you are interested in a real-world example of how the theoretical structures you learned about in law school play out.
I agree with the "pussies" comment, generally, although we are lawyers, isn't the "risk aversion" affect a genetic defect common to us all? But your advice is otherwise well taken. Maybe I can get some testosterone pills to boost my nerve.
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