When firms merge, splitting of profits among fee earners can become a potential can of worms. With the use of a hypothetical scenario, Eric Laing illustrates how it can help firms to undergo a detailed income and profits analysis, something that can bring many benefits and smooth out future disputes among partners
October 02, 2005 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
This article is about mythical law firms and people. All the events and characters are entirely fictitious.
Two years ago, the old, respected 14-partner firm Stable & Reason had merged with the go-ahead firm of May Gamble & Speed with 19 partners.
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