The legal profession has always had a peculiar relationship with money. Partners, after all, are supposed to be owners of their firms, yet increasingly, they're being asked to prove their commitment with their wallets.
Welcome to the world of capital contributions, where making equity partner isn't just about your billable hours anymore. It's about how much cash you can pony up to join the club.
Here's the thing about Big Law's approach to partner capital: there isn't one.
Survey data from about 80 Am Law 200 firms reveals a system that's, to put it charitably, all over the shop.
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