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Accounting and Financial Planning for Law FirmsLJN NewslettersNewsSections

A Discussion on Partner Capital

By James D. Cotterman
October 29, 2008

In a July issue of The National Law Journal, there was a lead article titled, “Firms Ask Partners to Pony Up.” That article sparked questions from clients of our firm, Altman Weil, Inc., regarding law firm capital structures. This article pulls together a number of the issues we have been dealing with recently.

Issue 1: If partner capital has remained at a fairly consistent level as a percentage of revenues, why have capital requirements grown so substantially?

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