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(Message started by: smgsmc on Jun 22nd, 2007, 4:42pm)

Title: What is a "member" of a firm?
Post by smgsmc on Jun 22nd, 2007, 4:42pm
Hi.  Some seniors at law firms are listed as "members".  Is a "member" different from a "partner"? Thanks.

Title: Re: What is a "member" of a firm?
Post by jjkob on Jun 22nd, 2007, 5:25pm
I think you have to distinguish between firms that are partnerships (e.g., LLPs) and corporations (e.g., LLCs).  Partnerships have partners, while corporations have members/principals as profit-sharing attorneys.

Title: Re: What is a "member" of a firm?
Post by shareholder on Jun 22nd, 2007, 8:27pm
Sometimes they're called "shareholders" as well.



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