DALLAS – With the economy improving, and the financial position of many large Texas firms on the upswing, now may not be the time for firms to study capital contribution requirements for equity partners.
“We’re in terrific financial shape, and that’s not on the table here,” says Robert Reedy , managing partner of Porter Hedges of Houston, one of a number of large Texas firms not currently looking at changing capital contribution requirements. Then again, there may be no better time than the present to assess a firm’s capital position, as firm managers take stock of how their firms might better survive another economic downturn.
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