Law Firm IPOs Are Gaining Steam, but History Offers Cautionary Tales
Despite the allure of taking on external investment, law firms would be wise to avoid buying into the hype.
May 19, 2021 at 01:00 AM
5 minute read
Law Firm ManagementThe original version of this story was published on The American Lawyer
If lawyers were tech entrepreneurs they would conclude their years of hard work by selling the brand they had built. The largest law firms may be lucky enough not to have debt worries, nor investors hoping for a return, but the inability to cash in on a valuable partnership brand will always deny partners that huge lump sum.
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