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The future of law firm equity in the UK and Australia

September 21, 2022
Matt Lee & Mick Smith
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Summary

Law firms have typically evolved at a glacial speed, but new equity structures allow for greater levels of innovation and better client service.

The legal profession has been criticized by some for lagging behind the world of modern commercial business. Traditional law firm partnership structures generally encourage and result in the annual distribution to partners of firm profits, as distinct from the c…

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