https://www.legalcheek.com/2025/04/should-law-firms-stand-up-to-trump/ Legal news, insider insight and careers advice Wed, 30 Apr 2025 08:34:27 +0000 hourly 1 https://wordpress.org/?v=6.8.2 https://www.legalcheek.com/2025/04/should-law-firms-stand-up-to-trump/#comment-1213140 Wed, 30 Apr 2025 08:34:27 +0000 https://www.legalcheek.com/?p=218877#comment-1213140 The economics of law firms are almost unique, even compared to other service providing partnerships. Firms are very fragile when it comes to stress. Two main reasons. First, a drop in profits is a direct drop in income for equity partners, so the sensitivity to shock is felt more than for shareholders. Second, if a few rainmaker equity partners leave at once, the spiral effect can accelerate quickly. The two points are interlinked too.

]]>