Related Posts
Hi please give me 11 likes so that I can dm people
Additional Posts in New York Big Law
How is STB’s banking and credit group?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
A cousin of mine does commercial real estate deals and tells me that many of their attorneys get paid in equity because their companies are not very solvent. Sounds like a great deal to me. I was wondering the same thing as OP so I am following this.
Thank you for the response
I have heard of such things, but I have also heard of insider trading actions for such counsel who becomes privvy to clients getting looked at by securities regulators for one reason or another and then dumping stock. So I would be aware of that aspect of your holdings and the insider position you possess, and be wary of your trading on any material nonpublic information you should become aware of in the course of your business as counsel to this client who is paying you in equity.
Thank you for the response
Rising Star
LMGTFY
http://www.newyorklegalethics.com/accepting-payment-in-securities-in-lieu-of-money/
Thanks
https://katten.com/files/22063_when_firms.pdf An attorney at Katten has written about this.
Thank you