What are your firms requirements to move from non-equity to equity?

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Mine are an origination target as well as firm involvement. That I know of. The requirements have never been explicitly laid out (which is an issue). They are saying this year it will be different and they are looking at everything a person brings to the table with no firm origination target but only time will tell.

My firm is close to 900k. 100 lawyers single office

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Additional Posts in Non-Equity Partners

Our firm is an LLP. We have NEP who receive K-1s instead of w-2 even though they have no ownership stake. Management claims NEP have to receive k-1s and can’t receive w-2 because the firm is an LLP. Are they right?

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