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Anyone of you here based in NYC?
Kingdly share your view fishes

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Or new firm causes the client issue. Either way, if all they care about is dollars, says everything about the firm.
Yeah. If you don’t have enough revenue to support your % then they have to subsidize you, right? Harsh, but it’s how business works. Think about how you would see it if you were on the other side. That said, maybe it should have been discussed what would happen if client didn’t port when you disclosed it (good on you for being transparent up front).
Unfortunate situation, some should've would've could've situations here. Should've negotiated a few years to ramp up before quiet de-equitizing.