Firm, partnership, partnership agreement, income sharing


Increasingly, private practice is group practice. The law firm is the principal vehicle through which lawyers associate, pool their professional and financial capital, and participate in the highly competetive market for legal services. The associational form of choice for the organization of the group into the firm is the partnership. Partnership law, in turn, defines the relationships among the principal participants within the firm. This article explores how the regulation of those relationships has shaped the legal profesion and the practice of law.

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