4 ms·
Sorry, but law firms operate for-profit. Partners are the owners of those firms and don't give away their profits to charities at the end of every fiscal year.
by bob13579 13y ago
Sorry, but law firms operate for-profit. Partners are the owners of those firms and don't give away their profits to charities at the end of every fiscal year. This is quite a ludicrous assertion. Several partners at top law firms pocket several million a year outside of their client fees. For many lawyers from top schools, making partner is the ultimate goal because of the potential windfall.
http://www.law.com/jsp/ca/PubArticleCA.jsp?id=1202588541180&Revenue_Growth_Modest_at_Many_Firms_But_Profits_Surge&slreturn=20130314205804 http://www.law.com/jsp/ca/PubArticleCA.jsp?id=1202588541180&...
- VLM 13y agoI think the problem is I'm using "profit" as an accounting term and you're using it as a synonym for "money".