Basic concepts such as how equity partnership works, work
in progress / lock - up and recovery
rates are seen as the province of partners, yet understanding how things work and why they're important would seem to me to be cornerstones of successful
legal practice and would, I think, help associates put their 80 - hour weeks
in context.
However, the paper also suggests that there are reasons to believe that non-lawyer ownership will not lead to significant access gains because (i) those
in need of civil
legal services often have few resources and, for them,
legal aid is the answer, (ii) non-lawyer ownership is likely to be attracted to profitable sectors of the market, (iii) some
legal services require the individualized attention of an experienced practitioner who charges high
rates and the traditional worker owned partnership model may be the better approach
in this
context and (iv) there may be reasons other than price causing people not to address civil
legal needs.