Rather than fully charging a client by the hour, some firms are accepting payment by investing partners' and other firm members' money in a scheme that may -- or may not -- realize a profit. While some firms are adding to their coffers through these investments, there are risks involved as well as the legal profession's integrity at stake, say attorneys who have had success in this area.
March 13, 2000 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Cha-ching. That’s the sound some law firms are hearing these days as they reap financial rewards from investing in their clients’ business ventures.
Rather than fully charging a client by the hour, some firms are accepting payment by investing partners’ and other firm members’ money in a scheme that may — or may not — realize a profit.
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