Keep Your Eyes Wide Open to De-equitization

Ed Poll, principal of LawBiz Management, writes: We now appear to be past the peak of the de-equitization tsunami, but that doesn't mean the phase-out of older partners has gone away at larger firms. The fundamental truth is that partners must contribute to the well-being of their firm. If they don't, they will be terminated irrespective of their partnership status or equity interest.

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