Equity partners may be seeing big rewards while earning for the firm, but what about on retirement? Kevin Wood explains what equity partners should consider when investing capital in the firm
Equity partnership is the ambition of most law school graduates. It’s a sign that all your hard work and study has paid off and your contribution to your firm’s success is being recognised with a share of the profits.
Indeed, your future earnings as an equity partner in a law firm are likely to be well above those of many graduates in other professions. Keep up your earning levels, and it would be only natural to assume you’re made for life.
Unfortunately, this is an assumption often misplaced, but there are ways in which you can ensure your financial future remains secure beyond your working years.
The real cost of equity
An equity partnership means you probably borrowing a sign...
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