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Revision as of 20:08, 8 January 2026
Requiring the aid of an attorney is something that no one wishes as it typically implies you are facing some kind of legal problem and that you will possibly have to think a substantial financial outlay. 3 However, D.C.'s rule is directly customized to allow equity ownership only by those nonlawyer companions who actively help the company's legal representatives in giving lawful services, and does not enable the sale of ownership shares to simple passive nonlawyer investors.
Many large law firms have relocated to a two-tiered partnership design, with equity and non-equity partners Equity companions are taken into consideration to have ownership risks in the company, and share in the profits (and losses) of the firm.
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