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Requiring the support of a legal representative is something that no one wishes as it normally implies you are encountering some sort of lawful problem which you will probably have to think a significant financial expense. 3 Nonetheless, D.C.'s rule is directly tailored to permit equity possession just by those nonlawyer companions who proactively help the company's attorneys in providing lawful services, and does not allow for the sale of ownership shares to simple passive nonlawyer financiers.

Lots of huge law firms have moved to a two-tiered partnership version, with equity and non-equity partners Equity companions are thought about to have ownership stakes in the firm, and share in the profits (and losses) of the company.

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