> like doctors or consulting firms Big difference between ownership of (private) medical, consulting, law firms is that the owners are usually required to purc

> like doctors or consulting firms Big difference between ownership of (private) medical, consulting, law firms is that the owners are usually required to purchase their stakes. The average employee at a firm may not have the desire or wherewithal to purchase a stake in their company. Notably, folks who buy in to consulting and/or law firms commonly take out loans to buy their (incredibly illiquid) stakes. This is not a model for the typical employee.